DID YOU KNOW that the billionaire capital of Asia also minted the highest number of new billionaires last year? And, according to the 2024 Hurun Global Rich List, it’s not Beijing, Shanghai, Dubai, or Hong Kong. It is, in fact, Mumbai. For the first time in recent history, Mumbai has pipped Beijing to the top spot—India’s financial capital is home to 92 billionaires with 27 new entrants, higher than Beijing’s 91 billionaires, with six new additions. More importantly, India added a record 84 billionaires—in sharp contrast to China, which saw the number dip by 155—in a single year. Only the US, with 109 new additions, minted more billionaires last year.
With the number of wealthy individuals rising in the country, it comes as no surprise that the demand for professional money managers for the well-heeled has
