India Billionaire List: The number of rich in India is continuously increasing. According to a report by Global Property Consultancy Knight Frank, high-Net-World Individuals (HNWIS) in India, people whose assets are more than $ 10 million (about Rs 83 crore), their number has increased by 6 percent to 85,698 last year. This figure was 80,686 in 2023.
The number of millionaires will increase now
Knight Frank estimates that by 2028, the number of high-net individuals (HNWIS) in India will increase to 93,753. This increase shows India’s strong economic growth, rising investment opportunities and expansion of luxury market.
What does the report say?
In 2024, the number of HNWIs in India increased to 85,698, which is 6 percent more than 2023. By 2028 this number is estimated to reach 93,753. Apart from millionaires, the number of billionaires has also been seen. The number of billionaires in India has increased to 191 in 2024. Last year, 26 new billionaires became, while in 2019 this number was only 7. The total assets of Indian billionaires are $ 950 billion (about Rs 79 lakh crore). This figure brings India to third place in the world. The first number is the US (5.7 trillion dollars) and the second on China ($ 1.34 trillion).
Why the number of rich is increasing?
According to Shishir Baijal, chairman and managing director of Knight Frank India, the increasing number of rich in India shows the country’s economic strength and long -lasting growth. He said, “The increase in the number of HNWIS in India is due to entrepreneurship, global integration and new industries.” Apart from this, the priorities of investment of India’s rich are also changing. They are now investing in many types of asset classes from real estate to global equities.
Number of billionaires in the world
The number of billionaires (billionaires) is continuously increasing worldwide. These people accumulate so much wealth that their property is more than the GDP of many countries. According to Forbes reports, there are 2,781 billionaires from 78 countries worldwide in 2024. The most billionaires are in America, while India has finished third in this list.
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