New Delhi: Even with an economic slowdown enveloping the nation, India has recorded the largest increase in its Ultra-High Net Worth Individual (HNWI) club among the BRICS nations in the last one year, with a total of 7,850 super rich people in the country, a report says.
BRICS comprises of five countries, namely Brazil, Russia, India, China and South Africa.
The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).
According to the world ultra-wealth report 2013 by Wealth-X, a global wealth intelligence and prospecting company, India is home to as many as 7,850 high net worth individuals whose collective net worth is $935 billion.
Meanwhile, there was a decline in the number of billionaires (103 this year) compared to the 109 last year.
In India, the lowest tier which is represented by those worth $30 million to $49 million is the largest group, and accounts for a combined fortune of $130 billion.
Mumbai and Delhi, dominate with more than 50 per cent of the country's super rich.
Wealth-X has identified 2,170 billionaires globally, with a total net worth of $6.5 trillion, equal to 23 per cent of the world's UHNW total wealth.
BRICS comprises of five countries, namely Brazil, Russia, India, China and South Africa.
The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).
According to the world ultra-wealth report 2013 by Wealth-X, a global wealth intelligence and prospecting company, India is home to as many as 7,850 high net worth individuals whose collective net worth is $935 billion.
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Meanwhile, there was a decline in the number of billionaires (103 this year) compared to the 109 last year.
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In India, the lowest tier which is represented by those worth $30 million to $49 million is the largest group, and accounts for a combined fortune of $130 billion.
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Mumbai and Delhi, dominate with more than 50 per cent of the country's super rich.
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Wealth-X has identified 2,170 billionaires globally, with a total net worth of $6.5 trillion, equal to 23 per cent of the world's UHNW total wealth.
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