Salaam Mumbai: Maximum City joins billionaire club

Mumbai: The capital of India is New Delhi. But the economic capital of the country is called Mumbai often referred to as Maximum City, Financial Capital or even the city that never sleeps. In yet another crown in Mumbai’s feather, the city has become the ‘capital of billionaires’ of Asia. According to the Hurun India Rich List 2024, Mumbai has more billionaires than China’s capital city Beijing.

Hurun India Rich List 2024 was released recently. It states that 25% of Asia’s billionaires live in Mumbai. In this sense, this city is the new capital of billionaires across Asia. This city has overtaken China’s capital Beijing in this matter. Not only this, Mumbai is also the favoruite city for Hurun India Rich Listers. New Delhi and Hyderabad are ranked after this city in the list.

If you look at this year’s list, you will find that Mumbai also recorded a net increase of 58 billionaires. That is why this city has become the capital of billionaires. After this, New Delhi was next, which added 18 new billionaires. This list further states that India has also left China behind in terms of billionaires.

According to this list, during the period under review, 29 percent more billionaires were registered in India, the number of billionaires in China decreased by 25 percent.

Anas Rehman Junaid, founder and chief researcher of Hurun India, has been quoted in the media saying that India is emerging as the wealth creation engine of Asia. He said, “While the number of billionaires in China has declined by 25%, their number has increased by 29% in India. With this, the number of billionaires has reached a record 334.” Mumbai’s vibrant and dynamic lifestyle keeps the city buzzing 24/7. Several factors contribute to this reputation:

24/7 Operations: Unlike many other cities in India, Mumbai has a wide range of establishments that operate around the clock. This includes eateries, cafes, nightclubs, and convenience stores that cater to the city’s night owls. Even at odd hours, you can find bustling activity in various parts of the city.

Bollywood Influence: Mumbai is the heart of the Indian film industry, Bollywood. The glamour and energy of Bollywood permeate the city, contributing to its lively nightlife.

Work Culture: Mumbai’s fast-paced work culture plays a significant role in its sleepless nature. The city’s financial districts, like Nariman Point and the Bandra-Kurla Complex, often see activity late into the night.

Cultural Diversity: Mumbai is a melting pot of cultures, with people from all over India and the world calling it home.

Street Life: Areas like Marine Drive, Carter Road, and Juhu Beach are popular spots where people gather late at night to enjoy the cool sea breeze and some food.

Night Economy: The concept of the night economy is well-developed in Mumbai, with several initiatives by the government to promote nightlife. This includes extended hours for shops, restaurants, and entertainment venues, further solidifying Mumbai’s status as the city that never sleeps.