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$30m or more, , according to Knight Frank’s latest edition of The Wealth Report 2022.
- In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% YoY in 2021, the highest percentage growth in APAC
- Asia continues to be the forerunner in the billionaires’ club contributing to 36% of the total billionaires in the world in 2021.
- India has ranked 3rd in terms of billionaires’ population in 2021, following the US and China.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.
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