Organising a private wine-tasting event in Tuscany or a coaching class with an international sport champion: Wealthy clients have a demanding wish list
Knight Frank's 'The Wealth Report' says Asia will dominate the rise in the number of ultra-rich
Two British banks, one Swiss bank and a leading Emirates lender have closed the accounts of these Indians in the last two months
According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year
The number of those with a net worth of and above $30 million in India will be 19,119 in 2027
The rise in allocation in gold is mainly owed to the significant returns it has given in the past few years
For Indians, Dubai and Singapore are popular destinations. Significantly, Singapore recently opened an agency to welcome family wealth management firms
The dramatic fall was because contributions by the Azim Premji Foundation dropped by Rs 9,000 cr
Apart from investing in housing, Indians are also applying for 'jumbo life and term' insurance covers worth $20 million
RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad
Rare Investments, the investment arm of late Rakesh Jhunjhunwala acquired 4.25 million equity shares or 7.91 per cent stake in Singer India on Tuesday, showed block deal data
UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore
Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards purchase of principal and second housing properties last year, according to Knight Frank.
The scramble for charter air services in the second Covid-19 wave was similar to that seen during the first wave
The report titled, 'Turning Ideas to Gold', also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period.
Majority of funds now open for subscription have no lock-in
UHNIs should make succession planning top priority
The report is by Knight Frank, an international property consultancy firm
As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years
The billionaires club in India, according to Knight Frank, is expected to increase significantly by 43 per cent to 162 by 2025 from the current 113 in 2020