India ranks 3 rd in increase in UHNWI population over the next 10 years


Mumbai and Delhi slated to move up to ranks 14 and 29 respectively by 2025

Knight Frank today released its 10th edition of the Wealth Report. This yearly issue provides a unique insight into the attitudes of ultra-high-net-worth individuals (UHNWIs) towards property, investments and spending patterns across the globe and provides an annual analysis of wealth flow and property investment around the world.


· In the last 10 years, billionaire counts in India jumped by 333% to 78 people; global growth was just 68% to 1,919 people

· 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

· India to account for 5% of the total UHNWI population and 6% of the billionaire population across the world by 2025

· India ranks 3rd in absolute increase in UHNWI* populations over the next 10 years; after US (1st) and China (2nd)

· 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

· 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

· Average number of residential properties owned by wealthy Indians stands at 4; highest in the world – the global average stands at 3.7

· Fine arts and antiques have replaced watches; while jewellery continues to be the most preferred collectible investments followed by cars & bikes

· In the last 10 years 31% Indians UHNWIs increased their asset allocations to residential real estate (primary or secondary home) and the number is likely to drop to 22% by 2025

· Indian UHNWIs saw an increase of 78% in philanthropic activities in the past 10 years and the number will be around 94% over the next 10 years (by 2025)

· 78% of women in India have taken a more significant role in managing family wealth as against 82% globally

· Around 91% of UHNWIs in India are involving their children in their business at an early age as compared to 73% globally

· Bengaluru among top 20 cities globally for investment according to Prime Investment Residential Index (PIRI); Delhi and Mumbai rank 44 & 51 respectively in the list


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