India's Ultra-Rich Count Up 11% In 2021; Third In Billionaire Population Globally
NDTV
The number of ultra-high-net worth-individuals, having net assets of $30 million (about Rs 226 crore) or more, in India increased 11 per cent last year on the back of buoyant equity markets and digital revolution, according to Knight Frank.
The number of ultra-high-net worth-individuals, having net assets of $30 million (about Rs 226 crore) or more, in India increased 11 per cent last year on the back of buoyant equity markets and digital revolution, according to Knight Frank.
India also ranked third in billionaire population globally in 2021. US is number one with with 748 billionaires, followed by Chinese mainland at 554 billionaires and India with 145 billionaires.
In its latest edition of The Wealth Report 2022, property consultant Knight Frank said the number of ultra-high-net-worth-individuals (UHNWIs) globally increased by 9.3 per cent in 2021 to 6,10,569, from 5,58,828 in the previous year.
"In India, the number of UHNWIs (net assets with $30 million or more) has grown by 11 per cent YoY (year-on-year) in 2021, the highest percentage growth in APAC," Knight Frank said in a statement.
