India Wealth Market

India is projected to have 25,217 ultra-high net worth individuals and 313 billionaires by 2031, spurred by wealth creation across technology, industrials and capital markets, according to Knight Frank. Ultra-high Net Worth Individuals (UHNWIs) are defined as those having a net worth of USD 30 million and above. At present, there are 19,877 UHNWIs and 207 billionaires in India. On Thursday, real estate consultant Knight Frank released its 20th edition of The Wealth Report 2026, stating that there has been "dramatic acceleration" in global wealth creation despite substantial geopolitical uncertainty, concerns over rising interest rates and uneven economic performance. "India's UHNWI population is forecast to rise from 19,877 today to 25,217 by 2031, underscoring its growing role in the global wealth landscape. This reflects extraordinary wealth creation across technology, industrials and capital markets," the consultant said. Mumbai accounts for 35.4 per cent of the UHNWI populatio

Until now, most wealth was self-managed, or managed by unorganised players. This, Bernstein feels, will change as rising return expectations, product complexity will trigger demand for professionals

Fortunes of stock brokers and asset managers, analysts suggest, are directly linked with how the primary and secondary markets play out.

The number of individuals with more than $30 million of assets is expected to grow by 50% between 2023 and 2028, according to a Knight Frank wealth report

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday. Releasing its annual inequality report on the first day of the World Economic Forum (WEF) Annual Meeting here, Oxfam said seven of 10 of the world's biggest corporations have a billionaire as a CEO, or principal shareholder. It further said that 148 top corporations made USD 1.8 trillion in profits, 52 per cent up on three-year average, and dished out huge payouts to rich shareholders, while hundreds of millions faced cuts in real-term pay. Oxfam called for a new era of public action, including public services, corporate regulation, breaking up monopolies and enacting permanent wealth and excess profit taxes. The world's five richest men have more than doubled their fortunes from USD 405 billion to USD 869 billion since 2020 "at a rate of USD 14 million per

The company said Krishnamurthy's key responsibilities will include identifying new business opportunities, distribution footprint, product stack, and developing financial strategies

Overall individual wealth is currently estimated to be Rs 430 trillion

Markets like Raipur and Mangaluru, where people are more cash-rich, offer opportunities that bigger cities don't

From fixing the demand slump to unleashing a micro-loan revolution in the country and Vodafone's India woes, here's a selection of Business Standard Opinion pieces for the day

Inequality between the very richest and the rest correlates with greater innovation. But we mustn't let the top level become a closed shop

Wealth per adult flat at $7,020; Global wealth grew by 4.6% to $137 trillion

China, Mauritius, Sri Lanka and Vietnam will also remain at the top, the report said