Mumbai Loses Top Spot as Asia's Billionaire Capital in Hurun Global Rich List 2025

Mumbai, the financial capital of India continued its position as the nation's wealthiest city this year as well. The city is home to 90 billionaires. However, for the first time, it has lost its title as Asia's billionaire capital in the Hurun Global Rich List 2025, with Shanghai surpassing it to claim the top spot in the continent.

Top Richest Cities of the World:

According to the Hurun Global Rich list, New York is the world's billionaire capital for the second year in a row, with 129 billionaires, ten more than the previous year, followed by London with 97. Shanghai surpassed Mumbai to become Asia's billionaire capital for the first time, with 92 billionaires. Mumbai has 90 billionaires, two fewer than the year before.

Mumbai added 11 new entrants more than London and Beijing which added seven and eight new billionaires respectively. The switch from Mumbai to Shanghai suggests that wealth patterns are changing across Asia. Mumbai gets another competitor while Shanghai's rise demonstrates China's increasing economic power.

India Added 13 New Billionaires

India ranked third after the US and China in the Hurun's Global Rich list 2025. India added 13 new billionaires this year, bringing the total to 284. The combined wealth of Indian billionaires stands at Rs 98 trillion. It is about one-third of India's Gross Domestic Product (GDP) which is more than the entire GDP of middle east country, Saudi Arabia. Of these 284 individuals, 175 saw their wealth rise, while 109 experienced it decline or remain flat.

India's Top 10 Richest Person And Their Net Worth

1. Mukesh Ambani, Reliance Industries - Rs 8.6 trillion
2. Gautam Adani, Adani Group - Rs 8.4 trillion
3. Roshni Nadar, HCL - Rs 3.5 trillion
4. Dilip Shanghvi, Sun Pharma - Rs 2.5 trillion
5. Azim Premji, Wipro - Rs 2.2 trillion
6. Kumar Mangalam Birla, Aditya Birla Group - Rs 2 trillion
7. Cyrus Poonawalla, Serum Institute - Rs 2 trillion
8. Niraj Bajaj, Bajaj Auto - Rs 1.6 trillion
9. Ravi Jaipuria, RJ Corp - Rs 1.4 trillion
10. Radhakishan Damani, Avenue Supermarts - Rs 1.4 trillion

Top Billionaire Cities in India

Mumbai is home to five of India's top 10 billionaires. New Delhi has two names on the list, while Bengaluru, Pune, and Ahmedabad have one each. This demonstrates Mumbai's sustained supremacy as India's wealth hub, despite other cities gaining significance.

Billionaire Profile; Global Vs India Comparison

• The average wealth of Indian billionaires stands at Rs 34,514 crore, which is more than the average wealth of Chinese billionaires which is Rs 29,027 crore.
• The average age of Indian billionaires is 68, which is two years older than the global average.
• The founders of Razorpay Shashank Kumar and Harshil Mathur, both aged 34 with Rs 8,643 crore are the youngest billionaires in India. Meanwhile, The youngest billionaire globally is Wang Zelong from China, aged 29, with a similar net worth of Rs 8,643 crore.
• Additionally, there are 22 women on the list of Indian billionaires, with a combined net worth of Rs 9 trillion.

Top Wealth Generating Sectors in India:

The top sectors that contribute to India's wealth profile include healthcare with 53 billionaires, followed by consumer goods with 35 billionaires, and industrial products with 32 billionaires. These sectors reflect the diverse economic landscape that supports the country's ultra-wealthy individuals.