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

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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?

    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?

    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?

    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?

    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
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more