Hurun Global Rich List: Shanghai overtook Mumbai as the billionaire capital of Asia for the first time — with 92 individuals against the 90 billionaires living in Mumbai. According to the Hurun Global Rich List for 2025, India ranks third with 284 billionaires. The US leads the list for the first time in 10 years with 870 billionaires, while China follows with 823 of the world’s wealthiest residents.
India’s billionaire tally rose slightly over the past year to 284 people with a cumulative wealth of ₹98 lakh crore. Data released by Hurun Global Rich List indicates that 175 Indian billionaires logged a wealth increase while 109 others saw their fortunes dip or remain unchanged. Indian billionaires saw their cumulative wealth rise 10 per cent over the past year, with an average of ₹34,514 crore. India is home to seven billionaires under 40 from Bengaluru and Mumbai.