The number of ultra-rich people (with total assets of more than $30 million or about Rs. 249 crore) in India rose by 6% to 13,263 last year compared to 2022, said consultant Knight Frank.
The survey claims that in five years (2023 to 2028), the number may increase by almost 50% to 19,908 people. The population growth rate is the highest in the world. Those billionaires are spending 17% of their investable wealth on luxury goods. Clock at the top. After that, pictures and jewelry. There are also cars, coins, wine, rare whiskey, furniture, handbags.
32% expenditure on housing. 12% are considering buying a new home this year. Shishir Baijal, CMD of Knight Frank, published the report and said that 90 percent of the billionaires expect wealth this year due to India’s financial prosperity.will increase.