How much money can make you Ultra High Net Worth Individual (UHNWI) in India

Photos: Pixabay/Pexels Photos: Pixabay/Pexels Written By: Rajeev Kumar Written By: Rajeev Kumar

[{"selector":"#anim-ab2d4480-ec64-4a7d-aa8c-9f545b6c8349 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7e2eb9c6-c09a-4611-a8b6-576b7c603eb7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd91abee-d804-4521-937a-6d0daf89bda4","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read on to know how much money is needed to be an Ultra-high-net-worth individual (UHNWI) in India Read on to know how much money is needed to be an Ultra-high-net-worth individual (UHNWI) in India

[{"selector":"#anim-181b6cde-bdb6-44cd-9f81-4f976e428825 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-e424ab71-68ca-4bc5-881f-f9174cbe4b93","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef12586b-3ae8-47c0-8e69-433a0fcfb9a3","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to The Wealth Report 2024 by Knight Frank, there were 13,263 UHNWIs in India in 2023. According to The Wealth Report 2024 by Knight Frank, there were 13,263 UHNWIs in India in 2023.

[{"selector":"#anim-7d59c3a3-eeb8-47cc-9892-cabc500680b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-1c72717e-59e7-4108-9dde-59badcd27076","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b652cb6a-d1d7-4dc9-ae1b-0ad5142db631","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The number of UHNWIs in the country is expected to increase to 19,908 by 2028. The number of UHNWIs in the country is expected to increase to 19,908 by 2028.

Who is an UHNWI?

[{"selector":"#anim-2f2be5be-3c6b-4851-92f5-2132ae54cae0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-e04376b7-49e9-4bad-910e-fef58bf51d98","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4ccf281-f9c7-4361-939e-50a9fe019978","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a2f15f8-495c-4f36-985f-9cca1f135a0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bfd95016-1931-4093-b9bc-3fc075296279","keyframes":{"transform":["translate3d(0px, -1414.07371%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] UHNWIs are defined as individuals with a net-worth of USD 30 million and over. UHNWIs are defined as individuals with a net-worth of USD 30 million and over.

[{"selector":"#anim-76865c98-2772-4ffb-8347-4e041fd4bf15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-59f8a660-e9ec-4085-baca-0e5f40dee610","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fe68c54-3380-4e28-971f-223d202b3284","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In Indian currency, you need to have approx Rs 248 crore (Rs 2,48,71,18,500) or more to be counted as an UHNWI in India. In Indian currency, you need to have approx Rs 248 crore (Rs 2,48,71,18,500) or more to be counted as an UHNWI in India.

[{"selector":"#anim-0fbe2a4a-ac97-49b5-a492-94b7dcdd4973 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-fa296bed-7eea-41a3-b940-63dc7847b748","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-724ddb6d-12af-4dc4-88d2-2bcd5e0bbad9","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A majority of UHNWIs in India are expecting that their wealth will increase further in 2024. A majority of UHNWIs in India are expecting that their wealth will increase further in 2024.

[{"selector":"#anim-db1d8fb9-ecd0-499f-8627-2eb1285e2b96 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-5821e911-2e00-49a5-b779-cc0ac770f516","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f37d3ff-90d6-4130-bc79-c57a91c2e86f","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Wealth Report 2024 says 63% of Indian UHNWIs are expecting to witness an increase of over 10% in their wealth this year. The Wealth Report 2024 says 63% of Indian UHNWIs are expecting to witness an increase of over 10% in their wealth this year.

[{"selector":"#anim-ad5f28ff-fa89-4215-ab15-30e1a546c5a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-4be44340-ec5f-40ed-a998-4149553aae8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d79c31aa-7c9d-426d-bab6-4959fdd01b48","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Globally, there were 6,26,619 UHNWIs in 2023. Their number is expected to increase to over 8 lakh by 2028 Globally, there were 6,26,619 UHNWIs in 2023. Their number is expected to increase to over 8 lakh by 2028

[{"selector":"#anim-7b9db271-5383-496b-9a32-8752e3b4dba6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.672810833407896%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8dbc3170-e879-4d4f-bbc1-0f08b57cd1ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5841edbc-bc2f-4f29-b317-5efc7f5a4b35","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The number of UHNWIs in India is expected to increase by 50.1% in the next five years The number of UHNWIs in India is expected to increase by 50.1% in the next five years Why Sensex, small and mid cap stocks fell today: 5 reasons Why Sensex, small and mid cap stocks fell today: 5 reasons See Next