How India’s billionaire numbers stack up with global peers?

Posted By:
Subscribe to GoodReturns

With 50 per cent of its population living under $2 a day, it's ironic that India's billionaire numbers stack up very well with global peers. Late last week Knight Frank released its "Knight Frank Wealth Report", in which it placed India's billionaires at 122 - the fifth highest in the world. So much so for inclusive growth.

How India’s billionaire numbers stack up with global peers?

India has the 5th highest billionaires in the world, according to the Knight Frank study. In India, the city of Mumbai's high networth individuals (HNWIs) is expected to touch 4988 by 2022, with Delhi, which ranks 11th in the list with a current HNWI population of 1945, is also likely to have a rise in its billionaire population, which may reach 4278 by 2022.

How India’s billionaire numbers stack up with global peers?

As was expected the US has the highest number of billionaires at 543 by the end of 2012. The number is expected to swell by 2022, never mind that in the last few years employment in the US has reached dismally high levels.

How India’s billionaire numbers stack up with global peers?

Germany at 149 billionaires, ranks 3rd next to China and the US. Europe's strongest and biggest economy continues to do well, despite economies around it facing an uphill economic task.

How India’s billionaire numbers stack up with global peers?

China has the second highest number of billionaires, the figure being placed at 154 by the end of 2012, according to the Knight Frank report. "The rise of the Asian global cities is in parallel to what many are now calling "The Asian Century". With the historic shift in economic power towards Asia, its cities are undoubtedly going to become more influential in the coming years," said Nicholas Holt, Director Research, Asia Pacific, Knight Frank.

Read more about: billionaire
Story first published: Monday, March 18, 2013, 9:58 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?