India Ranks Third Globally in Billionaire Count as Shanghai Surpasses Mumbai

The Hurun Global Rich List 2025 highlights India's 284 billionaires, while Mumbai loses its status as Asia's billionaire hub to Shanghai.

India now hosts 284 billionaires, ranking third globally behind the United States and China, with a net increase of 13 billionaires over the past year.
Shanghai has overtaken Mumbai as Asia's billionaire capital, with 92 billionaires compared to Mumbai's 90, marking a significant regional shift.
Mukesh Ambani, despite a Rs 1 lakh crore drop in wealth, remains Asia's richest person but has fallen out of the global top 10 richest list.
Gautam Adani recorded India's highest absolute wealth gain, increasing his fortune to Rs 8.4 lakh crore, making him the 18th richest person globally.
Roshni Nadar Malhotra became the first Indian woman to enter the global top 10 richest women, ranking fifth with a net worth of Rs 3.5 lakh crore.