Billionaires are increasing rapidly in India!
The number of rich people in india is increasing continuously. According to a report by global property consultancy Knight Frank, the number of high-net-worth individuals (HNWIs) in india, i.e. people whose wealth is more than $ 10 million (about Rs 83 crore), has increased by 6 percent to 85,698 last year. This figure was 80,686 in 2023.
The number of millionaires will increase further
Knight Frank estimates that by 2028 the number of high-net-worth individuals (HNWIs) in india will increase to 93,753. This increase shows India's strong economic growth rate, growing investment opportunities and expansion of the luxury market.
What does the report say?
The number of HNWIs in india increased to 85,698 in 2024, which is 6 percent more than in 2023. This number is estimated to reach 93,753 by 2028. Apart from millionaires, the number of billionaires has also seen a jump. The number of billionaires in india has increased to 191 in 2024. Last year, 26 new billionaires were created, while in 2019 this number was only 7. The total wealth of indian billionaires is $ 950 billion (about Rs 79 lakh crore). This figure brings india to the third place in the world. America (5.7 trillion dollars) is at number one and china (1.34 trillion dollars) is at number two.
Why is the number of rich people increasing?
According to Shishir Baijal, Chairman and Managing director of Knight Frank india, the growing number of rich people in india shows the country's economic strength and long-term growth. He said, "The increase in the number of HNWIs in india is due to entrepreneurship, global integration and new industries." Apart from this, the investment priorities of the rich in india are also changing. They are now investing in a variety of asset classes, from real estate to global equities.
Number of billionaires in the world
The number of billionaires is continuously increasing around the world. These people accumulate so much wealth that their wealth exceeds the GDP of many countries. According to a forbes report, in 2024, there are 2,781 billionaires from 78 countries around the world. Of these, the highest number of billionaires are in America, while india has secured the third position in this list.
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