[ad_1]
NEW DELHI: The variety of ultra-high-net worth-individuals, having internet property of $30 million (about Rs 226 crore) or extra, in India elevated 11% final 12 months on the again of buoyant fairness markets and digital revolution, based on Knight Frank.
India additionally ranked third in billionaire inhabitants globally in 2021. US is primary with with 748 billionaires, adopted by Chinese language mainland at 554 billionaires and India with 145 billionaires.
In its newest version of The Wealth Report 2022, property guide Knight Frank mentioned the variety of ultra-high-net-worth-individuals (UHNWIs) globally elevated by 9.3 per cent in 2021 to six,10,569, from 5,58,828 within the earlier 12 months.
“In India, the variety of UHNWIs (internet property with $30 million or extra) has grown by 11 per cent YoY (year-on-year) in 2021, the best proportion development in APAC,” Knight Frank mentioned in an announcement.
The variety of UHNWIs in India grew to 13,637 in 2021 from 12,287 within the earlier 12 months.
Amongst key Indian cities, Bengaluru witnessed the best development within the variety of UHNWIs at 17.1 per cent to 352, adopted by Delhi (12.4 per cent, 210) and Mumbai (9 per cent, 1,596).
The guide has pegged the variety of UHNWIs rising 39 per cent by 2026 to 19,006 from 13,637 in 2021. In 2016, the variety of UHNWIs stood at 7,401.
Knight Frank India Chairman and Managing Director Shishir Baijal mentioned: “Fairness markets and digital adoption have been the important thing elements driving the expansion of UHNWIs in India. The expansion in youthful, self-made UHNWIs has been unbelievable in India and we foresee them to drive new funding themes and innovation.”
With a wholesome development within the UHNWI and billionaire inhabitants, he mentioned India is predicted to be one of many quickest rising international locations amongst its world friends, additional strengthening itself economically and rising as a superpower in several sectors.
As per the report, round 69 per cent of the tremendous rich people in India are anticipated to witness a rise of over 10 per cent of their internet price in 2022.
“Asia continues to be the forerunner within the billionaires’ membership contributing to 36 per cent of the full billionaires on the earth in 2021. India has ranked third when it comes to billionaires’ inhabitants in 2021 following US and China,” the assertion mentioned.
For the primary time, Knight Frank has examined the scale of the ‘subsequent era’ of the world’s UHNWI inhabitants and assesses what that might imply for the property markets.
“Globally, it’s estimated that 135,192 UHNWIs are self-made and beneath the age of 40, accounting for round a fifth of the full UHNWI inhabitants. India has ranked sixth in proportion development of the UHNWI inhabitants that’s self-made and beneath the age of 40 years,” it mentioned.
Over the subsequent 5 years, Knight Frank forecasts that the worldwide UHNWIs inhabitants will develop by an extra 28 per cent, with Asia and Australasia at 33 per cent every seeing the biggest development, adopted by North America (28 per cent) and Latin America (26 per cent).
“The variety of UHNWI inhabitants in India is predicted to develop by 39 per cent between 2021- 2026, with 19,006 folks anticipating to have internet property of USD 30 million or extra by 2026,” the guide mentioned.
Within the final 5 years for the foremost markets, Delhi has witnessed a rise of 101.2 per cent, adopted by Mumbai (42.6 per cent) and Bengaluru (22.7 per cent).
Nevertheless, within the subsequent 5 years, Bengaluru is projected to witness a rise of 89 per cent within the UHNWI inhabitants and turn out to be dwelling to 665 ultra-wealthy people by 2026.
India additionally ranked third in billionaire inhabitants globally in 2021. US is primary with with 748 billionaires, adopted by Chinese language mainland at 554 billionaires and India with 145 billionaires.
In its newest version of The Wealth Report 2022, property guide Knight Frank mentioned the variety of ultra-high-net-worth-individuals (UHNWIs) globally elevated by 9.3 per cent in 2021 to six,10,569, from 5,58,828 within the earlier 12 months.
“In India, the variety of UHNWIs (internet property with $30 million or extra) has grown by 11 per cent YoY (year-on-year) in 2021, the best proportion development in APAC,” Knight Frank mentioned in an announcement.
The variety of UHNWIs in India grew to 13,637 in 2021 from 12,287 within the earlier 12 months.
Amongst key Indian cities, Bengaluru witnessed the best development within the variety of UHNWIs at 17.1 per cent to 352, adopted by Delhi (12.4 per cent, 210) and Mumbai (9 per cent, 1,596).
The guide has pegged the variety of UHNWIs rising 39 per cent by 2026 to 19,006 from 13,637 in 2021. In 2016, the variety of UHNWIs stood at 7,401.
Knight Frank India Chairman and Managing Director Shishir Baijal mentioned: “Fairness markets and digital adoption have been the important thing elements driving the expansion of UHNWIs in India. The expansion in youthful, self-made UHNWIs has been unbelievable in India and we foresee them to drive new funding themes and innovation.”
With a wholesome development within the UHNWI and billionaire inhabitants, he mentioned India is predicted to be one of many quickest rising international locations amongst its world friends, additional strengthening itself economically and rising as a superpower in several sectors.
As per the report, round 69 per cent of the tremendous rich people in India are anticipated to witness a rise of over 10 per cent of their internet price in 2022.
“Asia continues to be the forerunner within the billionaires’ membership contributing to 36 per cent of the full billionaires on the earth in 2021. India has ranked third when it comes to billionaires’ inhabitants in 2021 following US and China,” the assertion mentioned.
For the primary time, Knight Frank has examined the scale of the ‘subsequent era’ of the world’s UHNWI inhabitants and assesses what that might imply for the property markets.
“Globally, it’s estimated that 135,192 UHNWIs are self-made and beneath the age of 40, accounting for round a fifth of the full UHNWI inhabitants. India has ranked sixth in proportion development of the UHNWI inhabitants that’s self-made and beneath the age of 40 years,” it mentioned.
Over the subsequent 5 years, Knight Frank forecasts that the worldwide UHNWIs inhabitants will develop by an extra 28 per cent, with Asia and Australasia at 33 per cent every seeing the biggest development, adopted by North America (28 per cent) and Latin America (26 per cent).
“The variety of UHNWI inhabitants in India is predicted to develop by 39 per cent between 2021- 2026, with 19,006 folks anticipating to have internet property of USD 30 million or extra by 2026,” the guide mentioned.
Within the final 5 years for the foremost markets, Delhi has witnessed a rise of 101.2 per cent, adopted by Mumbai (42.6 per cent) and Bengaluru (22.7 per cent).
Nevertheless, within the subsequent 5 years, Bengaluru is projected to witness a rise of 89 per cent within the UHNWI inhabitants and turn out to be dwelling to 665 ultra-wealthy people by 2026.
[ad_2]