U.S, March 26 -- The Shanghai-based Hurun Research Institute's global rich list, published this week, reveals that Mumbai, the financial hub of India, has surpassed Beijing to become the 'billionaire capital' of Asia.

With a total of 92 billionaires, Mumbai now holds the third-highest number of billionaires in the world, following New York (119) and London (97). In a significant development, New Delhi, the capital of India, has entered the top ten for the first time.

Hurun Report stated that India experienced a remarkably successful year with a surge in economic confidence to unprecedented levels. It further highlighted the significant role played by artificial intelligence (AI) in driving this trend, contributing to more than fifty per...