India sees largest rise in super-rich club among BRICS

Notwithstanding the current economic gloom, India has recorded the largest increase in its ultra-high networth individual (HNIW) club among the BRICS nations in last one year, a report by global wealth intelligence company Wealth-X has found. Where the rich reside

Notwithstanding the current economic gloom, India has recorded the largest increase in its ultra-high networth individual (HNIW) club among the BRICS nations in last one year, with a total number of 7,850 super rich people in the country, a report by global wealth intelligence company Wealth-X has found.

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The super-rich’s collective networth adds up to $935 billion.

However, the number of billionaires declined in 2013 (103) against last year (109).

The study focusses on persons with a net worth of $30 million and above.

India also has the highest number of female millionaires in the world — over 1,250 women UHNWs with a combined fortune of $95 billion.

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“Despite India’s 1.6% population growth, the country added more UHNW individuals (120) than any other BRICS nations in the past 12 months,” the report said.

Globally, the UHNW population reached an all-time high of 1,99,235 individuals with a combined wealth of $27.8 trillion during the past 12 months.