Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Tue, 01 Mar 2022 04:26 PM IST
Summary
According to Knight Frank’s The Wealth Report 2022, the number of ultraHNIs (with assets of more than $30 million or about Rs 226 crore) globally grew by 9.3 percent to 6,10,569 in 2021, from 5,5 in the same period last year. 58,828. The number of billionaires in India is continuously increasing.
hear the news
Expansion
India after US-China
According to property advisory firm Knight Frank, India ranks third in the population of billionaires globally in 2021. If we look at the figures given in the report, America is number one with 748 billionaires. It is followed by China with 554 billionaires. On the other hand, India has now occupied the third position with 145 billionaires after America and China, taking a long leap in this matter.
global growth as well
The Wealth Report 2022 said that the number of UltraHNIs globally increased by 9.3 percent to 6,10,569 in 2021, from 5,58,828 in the same period last year. According to Knight Frank, the number of billionaires in India is continuously increasing. According to the report, their number in India increased to 13,637 in 2021, from 12,287 in the previous year 2020.
richest man in bangalore
According to the report, when it comes to major Indian cities in terms of rich, Bangalore tops this rank. Among the cities with wealth above Rs 226 crore, the highest number of cities was followed by Bengaluru with 17.1 per cent, Delhi at number two with 12.4 per cent and Mumbai with 9 per cent. Knight Frank has projected the number of such wealthy people to increase by 39 percent to 19,006 by 2026. In 2016, their number was 7,401.
There will be a boom in the wealth of the rich
Shishir Baijal, Chairman and Managing Director, Knight Frank India, said equity markets and promotion of digitization have been key factors in the growth of UHNWIs in India. According to the report, the wealth of about 69 percent of the super-rich in India is expected to jump by more than 10 percent this year.