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The number of ultra rich in India by 2028 is estimated to increase by 50%. According to the report of McKinji & Company, the number of UHNWIS (UHNWIS) in India between 2023 and 2028 will increase in the world.
The number of rich in Asia in Japan is at number two, but between 2023-28 there will be a 12% increase in the number of rich people. With this, the Indian luxury market will grow at a speed of 15-20% in 2025, while in Japan this growth rate can be 6-10 percent.
India at number four in the world in terms of rich
There are 85,698 people with assets worth more than $ 10 million, or about 87 crore rupees in India. Their number is 3.7% of the total rich worldwide. In terms of high net worth individual (HNI), we are only behind America, China and Japan. The list has 9,05,413 people in the US, 4,71,634 in China and 1,22,119 people in Japan.
This was revealed in Knight Frank’s ‘The Global Wealth Report 2025’. In India, 6% more people have become rich in 2024 than in 2023. In 2023, 80,686 people in India had assets of more than $ 10 million. By 2028, their number will be 93,753 with 9.4% increase.
12% increase in the number of bilinyers in India
According to the report, in 2024, the number of Bilinyers in India has increased by 12% compared to last year. There are 191 bilinyers in India in 2024. This number was 165 in 2023. The total assets of Indian Billionaires are around 82.6 lakh crore rupees.
In this case, India ranks third in the world. The first is America and China at number two. The total assets of the US Bilinyers are $ 5.7 trillion. While this figure in China is $ 1.34 trillion.
Number of rich increased worldwide
In 2024, the number of rich in the world has increased from 4.4% to 23,41,378. It was 22,43,300 in the year 2023. Talking about continents, the rich in Asia have increased by 5%. This has followed 4.7%in Africa, 3.9%in Australia, the number of rich in Europe has increased by 1.4%annually.
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