Hnwi

India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide.

India is home to the fourth largest population of high net worth individuals (HNWI) in the Asia Pacific region, with total wealth of $797 billion, says a report.

The number of millionaires in India is growing strongly and at the end of 2015, around 2,36,000 high net worth individuals (HNWIs) were living in the country, with a combined wealth of $1.5 trillion (around Rs 100 lakh crore at $1 = Rs 67.15), says a report.

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report.

The country's financial hub Mumbai, which is home to 41,200 millionaires, and national capital Delhi, which houses 20,600 high net-worth individuals (HNWIs), have been named among the top Asia Pacific cities for HNWIs.

India recorded the largest gains -- for the region and globally -- for HNWI (high networth individuals) population (26.3 per cent) and wealth (28.2 per cent).

According to a latest study by Wealth-X and the Sotheby's International Realty, Ultra High Net Worth (UHNW) individuals in the BRICS group of nations prefer to own luxury property overseas largely owing to concerns like market fluctuations, business considerations and political upheaval.

India has seen the second biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base to abroad due to reasons like tax, security and child education, says a report.

The number of high net worth individuals (HNWIs) in China has passed the one million mark for the first time last year following a surge in the "innovative industries" sector, a study has shown.

A millionaire (or HNWI) is an individual with net assets of $1 million or more, whilst a multi-millionaire is an individual with net assets of at least $10 million, as per the report titled 'Fastest growing cities for the super-rich'.

India became home to 1.56 lakh millionaires with 3,000 more joining the elite club in 2013, making the country the 16th most populous in terms of super-rich people worldwide, according to a report.

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.

Asia-Pacific had more number of super-rich than any other region for the first time last year, but the Richie-rich population in India witnessed a decline of 18 per cent amid sagging economic situation, says a survey.

A new Bain & Co survey of India’s rich says more of them are now inclined to philanthropy.

India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide.

India is home to the fourth largest population of high net worth individuals (HNWI) in the Asia Pacific region, with total wealth of $797 billion, says a report.

The number of millionaires in India is growing strongly and at the end of 2015, around 2,36,000 high net worth individuals (HNWIs) were living in the country, with a combined wealth of $1.5 trillion (around Rs 100 lakh crore at $1 = Rs 67.15), says a report.

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report.

The country's financial hub Mumbai, which is home to 41,200 millionaires, and national capital Delhi, which houses 20,600 high net-worth individuals (HNWIs), have been named among the top Asia Pacific cities for HNWIs.

India recorded the largest gains -- for the region and globally -- for HNWI (high networth individuals) population (26.3 per cent) and wealth (28.2 per cent).

According to a latest study by Wealth-X and the Sotheby's International Realty, Ultra High Net Worth (UHNW) individuals in the BRICS group of nations prefer to own luxury property overseas largely owing to concerns like market fluctuations, business considerations and political upheaval.

India has seen the second biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base to abroad due to reasons like tax, security and child education, says a report.

The number of high net worth individuals (HNWIs) in China has passed the one million mark for the first time last year following a surge in the "innovative industries" sector, a study has shown.

A millionaire (or HNWI) is an individual with net assets of $1 million or more, whilst a multi-millionaire is an individual with net assets of at least $10 million, as per the report titled 'Fastest growing cities for the super-rich'.

India became home to 1.56 lakh millionaires with 3,000 more joining the elite club in 2013, making the country the 16th most populous in terms of super-rich people worldwide, according to a report.

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.

Asia-Pacific had more number of super-rich than any other region for the first time last year, but the Richie-rich population in India witnessed a decline of 18 per cent amid sagging economic situation, says a survey.

A new Bain & Co survey of India’s rich says more of them are now inclined to philanthropy.