The number of billionaires will increase rapidly, there will be a jump of 58% in 5 years, this is the reason - Newztezz Online

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Monday, May 22, 2023

The number of billionaires will increase rapidly, there will be a jump of 58% in 5 years, this is the reason

India is the fastest growing economy in the world, and now the number of billionaires here is also going to grow the fastest. In the next 5 years, the number of billionaires in the country will increase by 58 percent. Read this news...

Mukesh Ambani of India is the richest person not only in the country but also in Asia. While Gautam Adani is the second richest person in the country. But do you know that in the next 5 years this list of billionaires will increase by 58.4 percent. In the world's most populous country like India, the number of wealthy people is also increasing rapidly.

Knight Frank India has prepared a report in this regard, which states that the number of such wealthy people in the country will increase rapidly, whose net worth will be $ 30 million (about Rs 240 crore) or more. These people have been placed in the category of ultra high net worth individuals. While the number of High Net Worth Individuals (HNIs) is also expected to increase by 107 percent in the next 5 years.

This will be the number of billionaires

According to the report, in 2022, the number of ultra HNIs in the country was 12,069. It is expected to increase to 19,119 in the next 5 years i.e. by 2027. This is a growth of 58.4 percent in the number of ultra HNIs ie billionaires.

More than 16 lakh people will be millionaires

In the report, those who have assets of $ 1 million (about Rs 8.2 crore) have been included in HNI. The number of such people in India will be 7,97,714 in 2022. Which is expected to increase by 107 percent to reach 16.5 lakh in the next 5 years.

The number of billionaires decreased at the global level

India is the fastest growing economy of the world. Therefore, the number of billionaires in India is also expected to increase rapidly. If we look at the same old figures, then the number of ultra HNIs worldwide has fallen in 2022. This decline has been of 3.8 percent. Whereas during 2021 it saw a jump of 9.3 percent.

However, there has also been a decrease in the number of ultra HNIs in India. Compared to 2021, it has decreased by 7.5 percent in 2022. To enter the 1% club of the rich in India, it is necessary to have assets of $ 1.75 lakh (about Rs 1.45 crore).

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