New Delhi now among world's top 10 cities with most billionaires

New Delhi secured a spot among the world's top 10 cities with the most billionaires, according to the Hurun Rich List 2024. The national capital broke into the top 10 list for the first time, ranking ninth, with a tally of 57 billionaires, an increase of 18 over the previous year.

Here's a look at the top 10 cities with the most number of billionaires:

Mumbai, India's financial capital, also emerged as the fastest-growing billionaire capital worldwide, solidifying its position as Asia's billionaire hub.  India, as a nation, witnessed 94 new entrants, second only to the United States. The country now has a total of 271 billionaires.

Pharmaceuticals, automobiles, and auto components, as well as chemicals, are the dominant industries driving this wealth surge. The cumulative wealth held by Indian billionaires stood at $1 trillion, accounting for 7% of the world's total billionaire wealth. The average age of Indian billionaires is 67. 19 of the total Indian billionaires are women.

Among the notable figures contributing to India's billionaire roster, Gautam Adani and family stand out with a surge in wealth, attributed to the success of their energy conglomerate, the Adani Group. Mukesh Ambani and family retained their title as India's richest, the only Indian among the world's top 10.