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Mumbai Becomes Asia's Billionaire Capital on Global Rich List. NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. According to the Hurun Research Institute's global rich list, India's financial capital registered 92 billionaires in 2024. Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires. The top of the list globally is New York with 119 billionaires, followed by London with a total of 97. According to the report, there are a total of 3,279 billionaires globally in 2024, an increase of 5% compared to 2023. NBC reports that China as a whole still has the most billionaires overall with 814 in 2024, but the country lost 155 billionaires compared to 2023. "China had a bad year. Wealth creation in China has gone through deep changes these last few years, with the wealth of billionaires from real estate and renewables down." The United States comes in second with 800 billionaires, and India registered a distant third place with 271. According to the report, artificial intelligence played a significant role in increasing the number of ultra wealthy people in the U.S. "Whilst [Nvidia CEO] Jensen Huang has grabbed many of the headlines as Nvidia broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result,...", Hurun Research Institute's global rich list report, via NBC. "... 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.", Hurun Research Institute's global rich list report, via NBC. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT