Mumbai and Delhi Among World's Top 10 Billionaire Cities: A Sign of India's Economic Growth
Two Indian cities — Mumbai and New Delhi — have joined the ranks of the world’s leading billionaire hubs, according to the latest report by the Hurun Research Institute. The global ranking highlights the shifting centres of wealth, with India’s rapid economic growth propelling its metros into the elite list of financial powerhouses.
New York City continues to dominate as the world’s billionaire capital, home to 119 billionaires. The city hosts the world’s largest financial markets, including the New York Stock Exchange and NASDAQ, reinforcing its status as the epicentre of global finance. London follows closely with 97 billionaires, maintaining its long-standing reputation as Europe’s economic hub.
Mumbai, India’s financial and commercial capital, has climbed to third place globally with 92 billionaires. Surpassing major Asian cities such as Beijing and Shanghai, Mumbai’s rise reflects India’s expanding influence in global wealth creation. The city’s booming financial services sector, strong stock markets, and vibrant real estate and technology industries have made it a magnet for ultra-high-net-worth individuals.
New Delhi, India’s political and business centre, has entered the top ten list for the first time, ranking ninth with 57 billionaires. The city’s ascent highlights the growing concentration of entrepreneurs, industrialists, and family-run conglomerates driving the nation’s economic progress. Delhi’s growth in wealth also mirrors India’s broader urban transformation and expanding private enterprise landscape.
According to the Hurun Research Institute, Mumbai ranks 3rd globally with 92 billionaires. New Delhi ranks 9th with 57 billionaires. New York leads with 119 billionaires, followed by London with 97. Beijing, Shanghai, Shenzhen, Hong Kong, Moscow, and San Francisco also feature in the top ten.
The top ten billionaire cities for 2025 are: New York (119), London (97), Mumbai (92), Beijing (91), Shanghai (87), Shenzhen (84), Hong Kong (65), Moscow (59), New Delhi (57), and San Francisco (52). The inclusion of two Indian metros underscores India’s growing wealth ecosystem, driven by dynamic entrepreneurship, digital innovation, and expanding global investment footprints.
India’s rapid economic growth and the rise of its financial sectors have not only attracted foreign investments but also fostered a vibrant entrepreneurial environment. The government’s initiatives to promote innovation and ease of doing business have played a crucial role in this transformation. As these cities continue to grow, they are likely to attract more high-net-worth individuals and further solidify India’s position as a global economic powerhouse.
