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India ranks 6th globally in ultra-wealth population; billionaire count seen rising 51% by 2031

News Snapshot:

India’s ultra-wealth cohort is expanding at a sharp pace, positioning the country as the sixth-largest globally by ultra-high net worth individual (UHNWI) population, with further acceleration expected over the next five years.The country is home to 19,877 individuals with net worth exceeding $30 million in 2026, accounting for 2.8% of the global UHNWI population, up from a little over 2% five years ago. This base is projected to grow 27% to 25,217 by 2031, reflecting sustained wealth creation across technology, industrials and capital markets, showed a Knight Frank assessment.Mumbai continues to dominate India’s wealth landscape, accounting for 35.4% of the…

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