In a first, Mumbai pips Beijing, is Asia's billionaire capital

Mumbai overtakes Beijing to become Asia's leading billionaire hub with 92 billionaires and $445 billion wealth, driven by energy and pharmaceutical sectors. New York tops globally with 119 billionaires, followed by London. Indian billionaires like Mukesh Ambani and Gautam Adani make significant strides in wealth. Mumbai's rise attributed to 26 new billionaires and 47% wealth growth.