SHANGHAI -- India's financial hub Mumbai overtook Beijing as Asia's billionaire capital for the first time, according to a global rich list published on Monday by Shanghai-based Hurun Research Institute.
Economy
Mumbai becomes Asia's billionaire capital, topped by Mukesh Ambani
China still dominates rich list but has fewer ultra-wealthy than before
Mukesh Ambani, chairman of Reliance Industries, is India's richest man. He is seen here walking the red carpet at the opening of Nita Mukesh Ambani Cultural Centre, named after his wife, in Mumbai in April 2023. © Reuters
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