India has the third largest number of billionaires in the world
According to the recently released Wealth Report 2022 by Knight Frank India has the third highest number of billionaire population( 145 billionaires) globally in 2021 after the US (748 billionaires), and China ( 554 billionaires).
The number of ultra-high net worth individuals (UHNWIs) in India with net assets of $30 million or more grew 11 percent in 2021 to 13,637 from 12,287 in 2020.
Amongst key Indian cities, Bengaluru witnessed the highest growth in the number of UHNWIs at 17.1 percent to 352, followed by Delhi (12.4 percent, 210) and Mumbai (9 percent, 1,596).
The number of UHNWI population in India is expected to grow by 39 percent between 2021- 2026, with 19,006 people expecting to have net assets of $30 million or more by 2026.
Knight Frank is a London based real estate company. It is one of the largest property consultancy company in the world
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