Summary:

According to Knight Frank's Global Wealth Report, India ranks fourth globally in High Net-Worth Individuals (HNWIs), with 85,698 individuals holding investable assets of at least Rs. 8.69 crore (US$ 1 million). It follows the United States, China, and Japan in wealth concentration. Globally, the ultra-high-net-worth category (assets exceeding Rs. 869 crore) has surpassed 1,000,000. India's wealth growth is driven by economic dynamism and a thriving startup ecosystem.

India's billionaire count increased by 12% in a year, reaching 191, with 26 new billionaires added in 2024, up from just 7 in 2019. The United States leads globally with 40% of HNWIs, followed by China (20%) and Japan (5%). Experts attribute the rise in global wealth to low interest rates, strong equity markets, and high returns, positioning India as an emerging wealth powerhouse.

Source: IBEF

Disclaimer:The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.