The number of ultra-high-net-worth-individuals (UHNWIs) has globally increased by 9.3% in 2021. Over 51,000 people have seen their net assets increased to US$30m or more. In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% YoY in 2021, the highest percentage growth in APAC, according to Knight Frank’s latest edition of The Wealth Report 2022.
Amongst key Indian cities, Bengaluru witnessed the highest growth in the number of UHNWIs with 17.1% to 352 followed by Delhi with 12.4% to 210 and Mumbai with 9% to 1596 in 2021.
USA tops the list of countries with most number of billionaires in 2021. It is followed by Chinese Mainland, India, Germany and Russia.
Points to Note:
- Knight Frank’s latest edition of The Wealth Report 2022
- USA tops the list of countries with most number of billionaires in 2021.
- 2nd – Chinese Mainland, 3rd – India, 4th – Germany, 5th – Russia