India has also the highest number of female millionaires in the world as the country boasts of over 1,250 ultra high net worth (UHNW) women with a combined fortune of $ 9500 crore.
Notwithstanding the continuing economic gloom, India has recorded the largest increase in its club among the BRICS nations in the past one year, with a total of 7,850 super rich people in India, a report says.
The study focuses solely on persons with a net worth of $ 3 Crore and above (after accounting for shares in public & private companies, residential and investment properties, art collections, planes, cash and other assets).
Moreover, India has also the highest number of female millionaires in the world as the country boasts of over 1,250 UHNW women with a combined fortune of $ 95 billion.
According to the World Ultra Wealth report 2013 by Wealth-X, a global wealth intelligence and prospecting company, India is home to as many as 7,850 high net worth individuals whose collective net worth is $ 935 billion.
“Despite India’s 1.6% population growth, the country added more UHNW individuals (120) than any other BRICS nations in the past 12 months,” the Wealth—X report said.
A city-wise analysis shows that more than 90% of India’s UHNW population live in top 10 cities including Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Chennai, Ahmedabad, Pune, Gurgaon & Jaipur.
Mumbai and Delhi, however, dominate with more than 50% of India’s UHNW population based in one of these two cities, the report said.
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