Top 10 richest Indian cities in 2024—Mumbai overtakes Beijing as Asia’s billionaire capital

Top 10 Richest City in India 2024: In a remarkable shift, this year, in 2024, India has welcomed 94 new billionaires, the most by any country other than the US and China, taking the total to 271, according to the latest 2024 Hurun India Rich List.

India’s billionaires have amassed a collective wealth of approximately US$ 1 trillion, which accounts for a remarkable 7% of the total global wealth.

Notably, in 2023 alone, India added 94 new billionaires to its ranks, the second-highest increase globally after the United States.

This rapid expansion has propelled the financial capital of India—Mumbai—to surpass Beijing as the “billionaire capital of Asia.” This made it not only the fastest-growing billionaire capital but also becoming the third richest in the world, Hurun reported.

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The richest Indian city, Mumbai, now boasts a total of 386 billionaires, with 58 new individuals joining the ranks this year alone. The city’s wealth is surging by an impressive 47 percent over the past year, contrasting sharply with Beijing’s 28 percent decline.

Following Mumbai, New Delhi and Hyderabad have emerged as other key cities for India’s ultra-wealthy.

Delhi, with the addition of 18 new billionaires, now has a total of 217 entries on the list, making it the second city with the most billionaires in India.

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Meanwhile, Hyderabad has made significant progress, surpassing Bengaluru for the first time and taking over third rank in terms of wealthy residents.

The addition of 17 new billionaires has brought Hyderabad’s total to 104, while Bengaluru follows in fourth place with 100 affluent individuals.

In terms of state distribution, Maharashtra leads with 470 entries, while Delhi has 213 and Gujarat ranks third with 129 entries.

Here are the top 10 richest cities in India, as of 2024:

Rank	Indian city	No. of billionaires in 2024	Richest individual in the city
1	Mumbai	386	Mukesh Ambani & family
2	New Delhi	217	Shiv Nadar & family
3	Hyderabad	104	Murali Divi & family
4	Bengaluru	100	Azim Premji & family
5	Chennai	82	Venu Srinivasan
6	Kolkata	69	Benu Gopal Bangur & family
7	Ahmedabad	67	Gautam Adani & family
8	Pune	53	Cyrus S Poonawalla & family
9	Surat	28	Ashwin Desai & family
10	Gurugram	23	Nirmal Kumar Minda & family

Source: Hurun Rich List 2024

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Here are the top 10 richest states in India, as of 2024:

Rank	Indian State	No. of billionaires in 2024
1	Maharashtra	470
2	Delhi	213
3	Gujarat	129
4	Tamil Nadu	119
5	Telangana	109
6	Karnataka	108
7	West Bengal	70
8	Haryana	40
9	Uttar Pradesh	36
10	Rajasthan	28

Source: Hurun Rich List 2024

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Top 10 richest Indian cities in 2024—Mumbai overtakes Beijing as Asia’s billionaire capital

List of Top 10 Richest City in India 2024: Following Mumbai, New Delhi and Hyderabad have emerged as other richest cities in India, as per the Hurun Rich List 2024.

Here are the top 10 richest cities in India, as of 2024:

Here are the top 10 richest states in India, as of 2024: