India Billionaire List: Billionaires are increasing rapidly in India, the number of millionaires has also increased, a big disclosure in the report

India Billionaire List: In 2024, the number of HNWIs in India has increased to 85,698, which is 6 percent more than in 2023. This number is estimated to reach 93,753 by 2028.

India Billionaire List: The number of rich people in India is increasing continuously. According to a report by global property consultancy Knight Frank, the number of high-net-worth individuals (HNWIs) in India, i.e. people whose assets are more than $ 10 million (about Rs 83 crore), has increased by 6 percent to 85,698 last year. This figure was 80,686 in 2023.

The number of millionaires will increase further.

Knight Frank estimates that the number of high-net-worth individuals (HNWIs) in India will increase to 93,753 by 2028. This increase reflects India's strong economic growth rate, growing investment opportunities, and expansion of the luxury market.

What does the report say?

The number of HNWIs in India increased to 85,698 in 2024, which is 6 percent more than in 2023. This number is estimated to reach 93,753 by 2028. Apart from millionaires, the number of billionaires has also seen a jump. The number of billionaires in India has increased to 191 in 2024. Last year, 26 new billionaires were created, while in 2019 this number was only 7. The total wealth of Indian billionaires is $ 950 billion (about Rs 79 lakh crore). This figure brings India to the third place in the world. The first is the US (5.7 trillion dollars) and the second is China (1.34 trillion dollars).

Why is the number of rich people increasing?

According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, the increasing number of rich people in India shows the country's economic strength and long-term growth. He said, "The increase in the number of HNWIs in India is due to entrepreneurship, global integration, and new industries." Apart from this, the investment priorities of India's rich are also changing. They are now investing in a variety of asset classes, from real estate to global equities.

Number of billionaires in the world

The number of billionaires is constantly increasing around the world. These people accumulate so much wealth that their wealth exceeds the GDP of many countries. According to a Forbes report, there will be 2,781 billionaires from 78 countries across the world in 2024. Of these, the highest number of billionaires are in America, while India has secured third place in this list.