How Deep Your Pockets Need To Be To Join India's Richest 1%
NDTV
The findings of Knight Frank underscore how the pandemic and surging living costs are widening the gap between rich and poor nations.
Many believe being wealthy means owning a nice house, an expensive car and other assets. But the wealthiest one per cent of the world have far, far more than we can possibly imagine.
Global real estate consultancy Knight Frank has released its updated Wealth Report that reveals how deep one's pockets need to be to join the richest one per cent in various countries.
Monaco tops the list - an individual needs an eight-figure fortune to join the creme de la creme there. The entry point for Monaco's richest 1% is US $12.4 million, according to Knight Frank's research.
Curious about India? India is among the list of 25 countries in the company's wealth report where the entry level at $175,000 (Rs 1.44 crore). India is at 22nd spot, above South Afirca, the Philippines and Kenya.
