Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.
Topping the 2024 global rich list for cities is New York , followed by London . In Asia, Mumbai — India's financial capital — moved ahead with 92 billionaires, according to Hurun. Following close behind are Beijing and Shanghai .According to the country ranking, China still tops the list with 814 billionaires even though the country lost 155 billionaires from a year ago. The U.S. came in second with 800 billionaires while India came in third with 271.
Artificial intelligence was a significant driver for the increase in ultra-wealthy people in the U.S., the report showed.broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result, the billionaires behind Microsoft, Google, Amazon, Oracle and Meta have seen significant surges in their wealth as investors bet on the value generated by AI," the report said.CEO Elon Musk are the top two billionaires in the U.S.
"Over half her fortune stems from royalties and touring, including US$190 million from the Eras tour's first leg and US$35 million from its concert film. The rest is buoyed by her music catalogue's value, notably after her first six albums were sold to Shamrock Capital for US$300 million in 2020," the report said.
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