India Is Now Home To 191 Billionaires, HNWIs Rise By 6% In 2024: New Report| Curly Tales

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Wealth Report 2025

Global property consultant  Knight Frank unveiled its  ‘Wealth Report 2025’ on Wednesday. 

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Billionaires In India

The report showed that India is now home to 191 billionaires, of which 26 joined the ranks just last year.

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Combined Wealth

The combined wealth of these Indian billionaires is estimated at $950 billion.

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Where Does India Stand? 

India ranked third globally, behind the USA ($5.7 trillion) and Mainland China ($1.34 trillion).

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Rise In Millionaires 

It also revealed that millionaires in India have risen by 6% in 2024.

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Rising HNWIs Numbers 

As per the report, the number of Indian high-net-worth individuals (HNWIs), with assets of more than $10 million, rose to 85,698 in 2024 from 80,686 in 2023. 

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Future Prediction

This number is expected to rise to  93,753 by 2028.

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What Does This Mean?

According to the NDTV report, the rise in HNIWs shows the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market.

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