Mumbai becomes Asia's billionaire capital for the first time

Daily Current Affairs / Mumbai becomes Asia's billionaire capital for the first time

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Category : Miscellaneous Published on: March 28 2024

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Mumbai surpasses Beijing as Asia's billionaire capital with 92 billionaires, driven by a 47% increase in total billionaire wealth to $445 billion.
Growth sectors like energy and pharmaceuticals contribute to Mumbai's rise, with notable gains seen by industry leaders like Mukesh Ambani.
Indian billionaires witness diverse movements in global rankings, with Mukesh Ambani maintaining 10th place and Gautam Adani climbing to 15th place.
Mumbai's billionaire elite sees significant wealth increases, with real estate magnate Mangal Prabhat Lodha experiencing a 116% surge, showcasing the city's evolving economic landscape.

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Mumbai becomes Asia's billionaire capital for the first time