India's super rich jumps by 333%: Key Takeaways

Zee Media Bureau

New Delhi: India is expected to account for five per cent of the total ultra high net worth individuals (UHNWIs) in the world by 2025, a study said.

 

According to 'Knight Frank Wealth Report 2016', the country's share in the total number of billionaires is also expected to rise to six per cent by 2025.

In the last 10 years, the billionaire count in India jumped nearly fourfold to 78, while the global growth was just 68 per cent at 1,919.

Similarly, UHNWI count over the period rose by 340 per cent to 6,020 people, compared to the global growth of 61 per cent at 1,87,468.

Here are Key Takeaways

1. In the last 10 years, billionaire  counts  in India jumped by 333%  to 78 people; global growth  was just 68% to 1,919 people
2. In the last 10 years, UHNWI count in India rose by 340% to 6,020 people;  global growth was just 61% to 1,87,468 people
3. India to account  for 5%  of the total UHNWI population and 6%  of the billionaire population  across the world by 2025
4. India ranks  3rd in absolute increase in UHNWI*  populations over the next 10 years; after US (1st) and China (2nd)
5. Out of 97 cities globally, Mumbai and Delhi currently ranked at 21 and 33 respectively; slated to move up to ranks 14 and 29 respectively by 2025
6. Currently,  with  1,094  UHNWIs, Mumbai  leads  in  India  followed  by  Delhi  with  545. The  next decade will see Mumbai increase to 2243 and Delhi to 1128 UHNWIs
7. Average  number  of  residential  properties  owned  by  wealthy  Indians  stands  at  4;  highest  in the world -the global average stands at 3.7
8. Fine  arts  and  antiques  have  replaced  watches;  while  jewellery  continues  to  be  the  most  preferred collectible investments followed by cars & bikes