Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report
9 months, 3 weeks ago

Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report

India TV News  

Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. During the same period, the consultancy, in its flagship report, 'Knight Frank Wealth Report 2024', expects the number of wealthy individuals globally is expected to surge by 28.1 per cent to 802,891. As per real estate consultant Knight Frank's The Wealth Report 2024, 32 per cent of India's Ultra-High-Net-Worth Individuals' wealth is allocated towards the residential real estate asset class. According to the Attitude Survey that is part of the Wealth Report 2024, 32 per cent of India's ultra-high-net-worth individuals, wealth is allocated towards the residential real estate asset class.

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History of this topic

Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report
2 days, 16 hours ago

Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report

ABP News  

More than 15 per cent of the high networth individuals in the country are aged under 30, a recent report said. Prashant Thakur, Regional Director and Head of Research, Anarock Property Consultants, noted, “A dynamic mix of young entrepreneurs, tech pioneers, and seasoned industrialists driving the expansion in affluent population.” The study found that 20 per cent of the Indian …

Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley
1 month, 1 week ago

Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley

India TV News  

Indian households have accumulated USD 9.7 trillion in wealth over the last 10 years, according to a new report from Morgan Stanley. Wealth accumulation and economic change The Morgan Stanley report revealed a decade of accumulated wealth among Indian households, totaling USD 9.7 trillion. The trend in the economy The report identified a trend in “financialization,” where households shift more …

Number of millionaires leaving India will reduce in 2024: Report
6 months ago

Number of millionaires leaving India will reduce in 2024: Report

Hindustan Times  

India will lose fewer millionaires to migration in 2024, compared with the previous two years, according to The Henley Private Wealth Migration Report 2024. Representational Around 4,300 millionaires are likely to exit the country in 2024 compared with 5,100 in the previous year, according to the report. The UAE is likely to be the largest beneficiary, gaining 6,800 millionaires in …

Indian real estate expected to touch $1.5 tn by 2034; drive 15% of economic output: Knight Frank India - CII Report
8 months, 1 week ago

Indian real estate expected to touch $1.5 tn by 2034; drive 15% of economic output: Knight Frank India - CII Report

Hindustan Times  

The value of the Indian real estate sector will touch an estimated $1.5 trillion, constituting 15% of the total economic output by 2034. The residential market is expected to lead with a value of $906 billion, followed by the office sector contributing $125 billion, a report titled ‘Indian Real Estate: A Decade from Now’, Knight Frank India, in association with …

India’s rich list: Gargantuan numbers reveal the real story
8 months, 2 weeks ago

India’s rich list: Gargantuan numbers reveal the real story

Hindustan Times  

The latest Forbes list has indicated that the number of Indian billionaires is rising and the numbers have been astonishing. Yet another set of numbers have gone and underlined the fast rising rich list in India. The rising class of rich Indians According to the report, the number of high net worth individuals in the country, whose assets have been …

Forbes Richest List 2024: India Adds 25 New Billionaires, Mukesh Ambani Tops In India, Gautam Adani At 2
8 months, 2 weeks ago

Forbes Richest List 2024: India Adds 25 New Billionaires, Mukesh Ambani Tops In India, Gautam Adani At 2

News 18  

India added 25 new billionaires this year, increasing the total number of billionaires in the country to 200 as compared to 169 last year, according to the latest ‘Forbes World’s Billionaires List 2024′. Among Indians, Reliance Industries Ltd CMD Mukesh Ambani topped the billionaires’ list with a total networth of $116 billion, followed by Gautam Adani, Shiv Nadar, Savitri Jindal …

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
8 months, 3 weeks ago

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?

Deccan Chronicle  

The view from the penthouse and the pavement is staggeringly different. By 2022-23, the top one per cent income and wealth shares are at their highest historical levels; India’s top one per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the United States, notes the paper, titled “Income and Wealth …

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study
9 months ago

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study

The Hindu  

Published : Mar 23, 2024 13:17 IST - 5 MINS READ Inequality in India has skyrocketed since the early 2000s, with the income and wealth share of the top one per cent of the population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper authored by Thomas Piketty, Lucas Chancel, …

India's Wealthy Elite Continues To Expand, Ultra-rich Rises 6% Last Year To 13,263: Report
9 months, 3 weeks ago

India's Wealthy Elite Continues To Expand, Ultra-rich Rises 6% Last Year To 13,263: Report

News 18  

The number of Ultra-high Net Worth Individuals in India increased 6 per cent annually to 13,263 last year on rising prosperity and the number of affluents would grow further to reach nearly 20,000 by 2028, according to Knight Frank. In a virtual press conference on Wednesday, real estate consultant Knight Frank India released ‘The Wealth Report 2024’ saying that the …

Number of ultra-rich in India increases 6 per cent last year to 13K: Knight Frank
9 months, 3 weeks ago

Number of ultra-rich in India increases 6 per cent last year to 13K: Knight Frank

New Indian Express  

Knight Frank India Chairman and Managing Director Shishir Baijal said "In a transformative era of wealth creation, India stands as a testament to thriving prosperity and burgeoning opportunities in the global economic spectrum. A remarkable surge in its UHNWI population, catapulting by 50.1 per cent within the next five years is an indication of this phenomenon." As per Knight Frank's …

India to have 16 lakh HNIs by 2027: Knight Frank report
1 year, 7 months ago

India to have 16 lakh HNIs by 2027: Knight Frank report

Live Mint  

India’s ultra-high-net-worth individuals with net worth over $30 million will rise by over half in the next five years. From the last count in 2022, the number is likely to grow to 19,119 individuals in the next five years in 2027, found a new report by real estate agency Knight Frank’s ‘The Wealth Report 2023’. However, the HNI population remained …

China, US have 53% billionaires, India ranks the third
1 year, 9 months ago

China, US have 53% billionaires, India ranks the third

Live Mint  

The Hurun Global Rich List 2023 reveals that China and the United States have the highest number of billionaires, accounting for 53% of the global billionaire population. The report also highlights that Indians are climbing the ranks of the Hurun Global Rich List at the fastest pace in India's modern history, with Gautam Adani and his family gaining more than …

Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala Tops List Among 16 New Indian Billionaires
1 year, 9 months ago

Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala Tops List Among 16 New Indian Billionaires

News 18  

While the number of billionaires fell eight per cent globally, India added 16 billionaires and has been ranked third globally with Rekha Rakesh Jhunjhunwala and family topping the list, according to the 2023 M3M Hurun Global Rich List. According to the 2023 M3M Hurun Global Rich List, 176 new faces were added globally to the list from 18 industries and …

Adani & family top IIFL Wealth Hurun India Rich List
2 years, 3 months ago

Adani & family top IIFL Wealth Hurun India Rich List

The Hindu  

Gautam Adani and family, with an estimated wealth of ₹10,94,400 crore, has topped the IIFL Wealth Hurun India Rich List 2022, which was released on Wednesday. Mukesh Ambani and family has been named as the second richest in India with an estimated wealth of ₹7,94,700 crore, a growth of 11% compared with the 2021 list. While Gautam Adani and family …

Number Theory: How rich are India’s richest – and how poor are the rest?
2 years, 9 months ago

Number Theory: How rich are India’s richest – and how poor are the rest?

Hindustan Times  

The scourge of wealth inequality is a global phenomenon. In a recently released working paper “The sky and the stratosphere: concentrated wealth in India during the lost decade”, we studied the changes in the household wealth distribution between 2012 and 2018. Official data suggests that the Gini coefficient of per adult household wealth in India fell from 0.718 in 2012 …

18% of super-rich Indians invested in cryptocurrencies, NFTs last year: Report
2 years, 9 months ago

18% of super-rich Indians invested in cryptocurrencies, NFTs last year: Report

India TV News  

Highlights Nearly 20 percent of Indian UHNWIs invested in crypto assets in 2021 The Wealth Report states 11 percent of global UHNWIs have invested in NFTs In 2018, The Wealth Report had first explored the potential of blockchains. Nearly 20 percent of Indian ultra-high-net-worth individuals invested in crypto assets last year amid the rising popularity of cryptocurrencies and NFTs, according …

Number of Indian billionaires rose to 142 in 2021
2 years, 11 months ago

Number of Indian billionaires rose to 142 in 2021

New Indian Express  

NEW DELHI: The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday. It indicates that the collective wealth of …

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot
3 years, 2 months ago

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot

India Today  

The fortunes of India’s richest have witnessed a 50 per cent rise during the Covid-19 pandemic, according to the Forbes list of 100 richest Indians in 2021. The combined wealth of 100 richest Indians on the 2021 Forbes List jumped to a record $775 billion after — a rise of $257 billion or 50% over the past 12 months. MUKESH …

IIT Alumni from Himachal is New Entrant in Top 10 Richest Indian List 2021, Earns Rs 153 Cr Per Day
3 years, 2 months ago

IIT Alumni from Himachal is New Entrant in Top 10 Richest Indian List 2021, Earns Rs 153 Cr Per Day

News 18  

Jay Chaudhry has secured his place among the top 10 of wealthiest people in India, according to the latest IIFL Wealth Hurun India Rich list 2021. This has pushed him to the number 10 spot on the IIFL Wealth Hurun India Rich list 2021. Apart from Chaudhry, there are other new faces that have made their way onto the top …

India's Richest 1% Seeks to Maintain Wealth Share, While Millions Struggle to Climb Out of Poverty
6 years, 11 months ago

India's Richest 1% Seeks to Maintain Wealth Share, While Millions Struggle to Climb Out of Poverty

The Quint  

The Oxfam survey has released its annual report on wealth distribution, highlighting the stark wealth gap between the 1% and the rest of the population. India's richest 1 percent holds 58% of the country's wealth, with their wealth increasing by over Rs 20.9 lakh crore in 2017. This indicates that the wealth of the richest 1 percent is disproportionately high …

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