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Ultra-high Net Worth Individuals in India

  • 29 Feb 2024
  • 1 min read

Source: HT

In India, the number of Ultra-high Net Worth Individuals (UHNWIs) has been steadily increasing, reaching 13,263 individuals in 2023 and projected to grow to nearly 20,000 by 2028, as per Knight Frank's 'The Wealth Report 2024'.

  • UHNWIs are individuals with a net worth of USD 30 million and above.
    • The UHNWI population in India saw a 6.1% growth in 2023 it is projected to rise 50% by 2028, reflecting a positive trend in wealth accumulation.
  • Globally, the number of wealthy individuals is expected to rise by 28.1% to 8,02,891 by 2028.
    • Turkey leads in UHNWI growth with a 9.7% Yearly expansion, followed by the US, South Korea, and Switzerland.
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