New Delhi: No. ultra-high-net worth-individualsHaving net worth of $30 million (approximately Rs 226 crore) or more, India grew 11% last year due to equity markets and the digital revolution. knight frank,
India ranks third in the population of billionaires globally in 2021. The US is number one with 748 billionaires, followed by the Chinese mainland with 554 billionaires and India with 145 billionaires.
In his latest edition of The Wealth Report 2022, wealth advisor Knight Frank said the number of ultra-high-net-worth-individuals (UHNWIs) globally rose 9.3 per cent to 6,10,569 in 2021, from the previous 5,58,828 was from The year.
“In India, the number of UHNWIs (net assets with $30 million or more) grew by 11 per cent year-on-year in 2021, the highest percentage increase in APAC,” Knight Frank said in a statement.
The number of UHNWIs in India increased to 13,637 in 2021 from 12,287 in the previous year.
Among major Indian cities, Bengaluru had the highest increase in the number of UHNWIs from 17.1 per cent to 352, followed by Delhi (12.4 per cent, 210) and Mumbai (9 per cent, 1,596).
The advisory has projected the number of UHNWIs to grow by 39 percent by 2026 from 13,637 in 2021 to 19,006. In 2016, the number of UHNWIs was 7,401.
Chairman and Managing Director of Knight Frank India Shishir Baijal Said: “Equity markets and digital adoption have been key factors driving the growth of UHNWIs in India. The growth in young, self-made UHNWIs in India has been incredible and we look to them to drive new investment themes and innovations. ”
with healthy development UHNWI and billionaire population, he said, adding that India is expected to be one of the fastest growing countries among its global peers, further strengthening itself economically and emerging as a superpower in various fields.
According to the report, around 69 percent of the super-rich in India are expected to see their net worth increase by more than 10 percent in 2022.
“In the billionaires club, Asia continues to contribute 36 per cent of the world’s billionaires in 2021. India ranks third in terms of billionaire population in 2021 after the US and China,” the statement said.
For the first time, Knight Frank has examined the size of the ‘next generation’ of the world’s UHNWI population and assessed what this could mean for property markets.
“Globally, it is estimated that 135,192 UHNWIs are self-made and are under the age of 40, which is about one-fifth of the total UHNWI population. India ranks 6th in percentage growth of the UHNWI population that is self-made. -manufactured and under the age of 40 years,” it said.
Over the next five years, Knight Frank predicts that the global UHNWI population will increase by a further 28 percent, with Asia and Australia increasing by 33 percent, with the biggest increases, followed by North America (28 percent) and Latin America. America (26 percent).
“The number of UHNWI population in India is expected to grow by 39 per cent between 2021-2026, with 19,006 people expected to have a net worth of USD 30 million or more by 2026,” the advisory said.
In the last 5 years for major markets, Delhi has seen a growth of 101.2 per cent, followed by Mumbai (42.6 per cent) and Bengaluru (22.7 per cent).
However, in the next 5 years, Bengaluru is projected to increase the UHNWI population by 89 percent and be home to 665 ultra-wealthy individuals by 2026.
India ranks third in the population of billionaires globally in 2021. The US is number one with 748 billionaires, followed by the Chinese mainland with 554 billionaires and India with 145 billionaires.
In his latest edition of The Wealth Report 2022, wealth advisor Knight Frank said the number of ultra-high-net-worth-individuals (UHNWIs) globally rose 9.3 per cent to 6,10,569 in 2021, from the previous 5,58,828 was from The year.
“In India, the number of UHNWIs (net assets with $30 million or more) grew by 11 per cent year-on-year in 2021, the highest percentage increase in APAC,” Knight Frank said in a statement.
The number of UHNWIs in India increased to 13,637 in 2021 from 12,287 in the previous year.
Among major Indian cities, Bengaluru had the highest increase in the number of UHNWIs from 17.1 per cent to 352, followed by Delhi (12.4 per cent, 210) and Mumbai (9 per cent, 1,596).
The advisory has projected the number of UHNWIs to grow by 39 percent by 2026 from 13,637 in 2021 to 19,006. In 2016, the number of UHNWIs was 7,401.
Chairman and Managing Director of Knight Frank India Shishir Baijal Said: “Equity markets and digital adoption have been key factors driving the growth of UHNWIs in India. The growth in young, self-made UHNWIs in India has been incredible and we look to them to drive new investment themes and innovations. ”
with healthy development UHNWI and billionaire population, he said, adding that India is expected to be one of the fastest growing countries among its global peers, further strengthening itself economically and emerging as a superpower in various fields.
According to the report, around 69 percent of the super-rich in India are expected to see their net worth increase by more than 10 percent in 2022.
“In the billionaires club, Asia continues to contribute 36 per cent of the world’s billionaires in 2021. India ranks third in terms of billionaire population in 2021 after the US and China,” the statement said.
For the first time, Knight Frank has examined the size of the ‘next generation’ of the world’s UHNWI population and assessed what this could mean for property markets.
“Globally, it is estimated that 135,192 UHNWIs are self-made and are under the age of 40, which is about one-fifth of the total UHNWI population. India ranks 6th in percentage growth of the UHNWI population that is self-made. -manufactured and under the age of 40 years,” it said.
Over the next five years, Knight Frank predicts that the global UHNWI population will increase by a further 28 percent, with Asia and Australia increasing by 33 percent, with the biggest increases, followed by North America (28 percent) and Latin America. America (26 percent).
“The number of UHNWI population in India is expected to grow by 39 per cent between 2021-2026, with 19,006 people expected to have a net worth of USD 30 million or more by 2026,” the advisory said.
In the last 5 years for major markets, Delhi has seen a growth of 101.2 per cent, followed by Mumbai (42.6 per cent) and Bengaluru (22.7 per cent).
However, in the next 5 years, Bengaluru is projected to increase the UHNWI population by 89 percent and be home to 665 ultra-wealthy individuals by 2026.