The global billionaire map is being redrawn. New York still leads with the largest concentration of billionaires, but India’s cities are rapidly moving up the ranks. The Hurun Global Rich List 2025 shows Mumbai, New Delhi and Bengaluru breaking into the world’s top wealth centers, underlining India’s transformation into one of the most dynamic economies on earth.
New York Still at the Summit
New York remains the world’s financial capital with 129 billionaires, far ahead of any other city. London follows with 97, while Shanghai (92) and Beijing (91) keep China firmly in the contest. These long-established hubs continue to anchor global wealth, even as new centers emerge.
Mumbai’s Stunning Rise
Perhaps the most striking movement is Mumbai’s. With 90 billionaires, the city has vaulted into the fifth spot worldwide, surpassing San Francisco, Paris, and Singapore. Once defined by old industrial dynasties, Mumbai today reflects a mix of fortunes built in finance, real estate, energy and technology.
Delhi’s Political Capital, Bengaluru’s Tech Surge
India’s capital, New Delhi, with 63 billionaires, has leapfrogged many global cities including Singapore and Los Angeles. Bengaluru, the country’s technology hub, has secured a place with 25 billionaires, showcasing how startups and IT ventures are creating unprecedented wealth.
Asia’s Growing Clout
Beyond India, the list highlights Asia’s expanding dominance in wealth creation. Shenzhen (85), Hong Kong (74), and Moscow (69) demonstrate the breadth of the shift, while traditional Western powerhouses like Paris (46) and Los Angeles (33) lag behind.
Wealth and Inequality
While the rankings celebrate economic dynamism, they also cast a shadow: the divide between the ultra-rich and the rest. India’s surge in billionaires comes as the country continues to battle unemployment, inflation, and uneven access to healthcare and education. Analysts warn that without inclusive policies, the rise in billionaires could deepen social and economic inequalities.
In 2025, the story of global wealth is not just about New York’s skyline or London’s bankers. It is about Mumbai’s high-rises, Delhi’s corridors of power, and Bengaluru’s gleaming tech parks — cities that now stand shoulder to shoulder with the world’s great capitals of money.