Key Points
Number of ultra-high-net-worth individuals in India, having net worth of over USD 30 million, fell 7.5 per cent last year to 12,069 but will rise to 19,119 in the next five years, according to Knight Frank...
Indias billionaire population rose to 161 in 2022 from 145 in the previous year and is estimated to rise to 195 individuals by 2027...
Indias ultra-high-net-worth individuals (UHNWI) with net worth over USD 30 million is estimated to rise by 58.4 per cent in the next five years from 12,069 in 2022 to 19,119 individuals in 2027, the consultant said...
In 2022, the global population of UHNWIs declined by 3.8 per cent, after a record climb of 9.3 per cent in 2021, as the wealth and the investment portfolio of the ultra-wealthy were impacted by economic slowdowns, frequent rate hikes and rising geopolitical uncertainties...
The new opportunities emanating from sectors like global manufacturing in India, infrastructure development, technology startups etc. will propel economic momentum and help the cause of wealth creation in the country, leading to the rise in the number of wealthy individuals in India, he added..
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Number of UHNWIs in India dip to 12,069 in 2022, to rise to 19,119 in 5 years: Knight Frank
17, May, 23India Business News: NEW DELHI: Number of ultra-high-net-worth individuals in India, having net worth of over USD 30 million, fell 7.
India's ultra-rich ranks may swell by 58 per cent in 5 years
21, May, 23India's ultra high-net-worth individuals (Ultra HNIs), with a net worth of $30m and more, are expected to rise to 19,119 in 2027, up 58.4% from 12,069 in 2022, according to a Knight Frank India report. The number of billionaires in India is expected to move up to 195 in 2027 from 161 in 2022.
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