India ranks fourth globally with 85,698 super-rich, behind the United States, China and Japan

India ranks fourth globally among High Net-Worth Individuals (HNWIs), with 85,698 individuals holding investable assets of at least Rs. 8.69 crore (US$ 1 million) according to Knight Frank's Global Wealth Report. The country follows the United States, China, and Japan in wealth concentration. The ultra-high-net-worth individual (UHNWI) category, consisting of assets exceeding Rs. 869 crore (US$ 100 million), surpassed 1,00,000 globally for the first time. India’s wealth growth is driven by economic dynamism, rising risk appetite, and a thriving startup ecosystem supported by digital access and a strong entrepreneurial culture. 

India's billionaire population grew by 12% in the past year, reaching 191 billionaires, with 26 new billionaires added in 2024 alone, up from just 7 in 2019. The US remains the world's wealth leader, holding nearly 40% of HNWIs, followed by China (20%) and Japan (5%). Experts attribute the surge in global wealth to lower interest rates, rising equity markets, and attractive returns on risk assets. India’s tech-driven businesses and expanding high-net-worth population position it as a key emerging wealth hub alongside countries like France, Brazil, and Russia. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.