Shanghai Surpasses Mumbai as Asia’s Wealth Capital
Hurun Rich List 2025: Shanghai Becomes Asia’s Billionaire Hub, India Retains 3rd Spot Globally: The Hurun Global Rich List 2025 reveals that Shanghai has emerged as Asia’s top city in billionaire count, overtaking Mumbai, which held the title last yearShanghai is currently home to 92 billionaires, edging past Mumbai, which has 90.This change underscores the revival of China’s manufacturing and technology sectors, while India’s growth in billionaire numbers slowed in some traditional industries.
India Remains 3rd in Global Billionaire Count
India has maintained its position as the world’s third-largest billionaire hub in 2025, with a total of 284 ultra-wealthy individuals.. Their combined net worth has grown by 10%, reaching an estimated ₹98 lakh crore. Major cities such as Bengaluru and Mumbai continue to nurture rising business talent, with seven billionaires under the age of 40, two of whom are 34 years old, showcasing India’s thriving startup and innovation ecosystem.
Ambani Leads in Asia Again, Adani Closes In
Mukesh Ambani has regained his title as Asia’s wealthiest individual, holding a net worth of ₹8.6 lakh crore, even after a decline of ₹1 lakh crore in his assets. Not far behind is Gautam Adani, whose wealth grew by ₹1 lakh crore, now reaching ₹8.4 lakh crore. Their close competition illustrates India’s rising power in telecom, infrastructure, and energy sectors.
USA Tops Global Billionaire Charts
The United States has reclaimed the global lead, now with 870 billionaires, edging past China’s 823. The global top 10 is dominated by American tech entrepreneurs, with nine out of the ten richest individuals being US-based. Elon Musk continues to lead the global wealth rankings with an impressive net worth of $420 billion, trailed by Jeff Bezos and Mark Zuckerberg.
STATIC GK SNAPSHOT
Hurun Rich List 2025: Shanghai Becomes Asia’s Billionaire Hub, India Retains 3rd Spot Globally:
| Category | Details |
| Report Name | Hurun Global Rich List 2025 |
| India’s Global Position | 3rd |
| Number of Indian Billionaires | 284 |
| Top Indian Tycoons | Mukesh Ambani, Gautam Adani |
| Mukesh Ambani’s Wealth | ₹8.6 lakh crore |
| Gautam Adani’s Wealth | ₹8.4 lakh crore |
| Asia’s Billionaire Leader | Shanghai (92); Mumbai (90) |
| Top Country Worldwide | USA (870); China (823) |
| World’s Richest Person | Elon Musk – $420 billion |
| Young Billionaires in India | 7 under 40 years old; youngest is 34 |
