Mumbai is home to 66 billionaires, according to the 2023 M3M Hurun Global Rich List, a ranking of the US-Dollar billionaires in India. Mumbai is followed by New Delhi and Bengaluru. While New Delhi has 39 billionaires, Bengaluru stands in the third position with 21 billionaires.

A total of 24 Indian cities/towns have “produced" 187 billionaires. Based on the number of cities from which the billionaires hail, India has been ranked at sixth in the world.

Mumbai, New Delhi and Bengaluru have featured amongst the top 25 global cities producing the most number of billionaires in the 2023 M3M Hurun Global Rich List.

In a press release, Hurun said that the global ranks of Indians in M3M Hurun Global Rich List is swelling at the fastest pace. Gautam Adani and his family have gained more than 437 ranks over the past 10 years.

In Mumbai, Mukesh Ambani is the richest among the 66 billionaires with a 356 per cent wealth change in the past 10 years. Mukesh Ambani is followed by Dilip Shanghvi, Radhakishan Damani, Kumar Mangalam Birla and Uday Kotak.

“Mukesh Ambani, 65, of Reliance Industries, registered a 20 per cent decrease in wealth to US$82bn and retained the wealthiest Asian title for the third consecutive year," Hurun said in the list, adding, “With a 35 per cent decrease in wealth, Gautam Adani & family, 60, of Adani Group lost the second richest Asian title to Zhong Shanshan of YST."

In New Delhi, Shiv Nadar has appeared in the Hurun list. His wealth has changed 136 per cent in the past 10 years. With a donation of ₹1,161 crore Shiv Nadar reclaimed the “India’s most generous title" according to Hurun India Philanthropy List 2022.