According to the Knight Frank India report, the number of ultra-high-net-worth-individuals (UHNWIs) in India has increased by 11% in 2021. At the same time, their number has increased by 9.3% globally.
Billionaires Population in India: Even though the economic condition of common people all over the world has deteriorated due to the Corona epidemic, but during this time the number of billionaires has increased in the whole world including India. According to the Knight Frank India report, the number of ultra-high-net-worth-individuals (UHNWIs) in India has increased by 11% in the year 2021. At the same time, the number of these billionaires has increased by 9.3% globally. During this, the net worth of more than 51 thousand people exceeded $ 30 million. Under UHNWI, the rich with assets of more than $ 30 million or about Rs 226 crore have been included.
India ranks third in terms of billionaires
After America and China, India is at number three in terms of population of billionaires in 2021. According to the report, the number of billionaires in India has increased due to the promotion of equity market and digitization. The wealth of about 69% of the rich in India is expected to rise by more than 10% in the year 2022. Asia continues to be a leader in the club of billionaires. In the year 2021, 36% of the total billionaires around the world are in Asia.
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Billionaires grew almost all over the world
The number of billionaires has increased between 2020 and 2021 in almost all parts of the world. During this period, the number of billionaires increased by 12.2% in America, 11.2% in Russia and CIS, 9.8% in Australia, 8.8% in Middle East, 7.6% in Latin America, 7.4% in Europe and 7.2% in Asia. However, during this period the number of billionaires in Africa has declined by 0.8%.
Bangalore at number one among Indian cities
Talking about major Indian cities, Bengaluru has the highest growth of 17.1% in the number of rich with assets above Rs 226 crore. Apart from this, Delhi is second with an increase of 12.4% and Mumbai is at number three with an increase of 9%.
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will increase further
Knight Frank estimates that the UHNWI population will increase by a further 28% globally in five years. Of these, Asia and Australia will see the highest growth with 33%. This is followed by an increase of 28% in North America and 28% in Latin America. The UHNWI population in India is expected to grow by 39% between 2021 and 2026.