India ranked fifth in the world in terms of number of High Net worth Individuals (HNIs), according to the Knight Frank Wealth Report 2013. High Net worth Individuals are the ones with the net assets of 150 crore Rupees to 160 crore Rupees. According to the report, as of 2012, the number of billionaires in India was 122 and by 2022, the number is expected to increase to 225.
The Knight Frank Wealth Report 2013 revealed that despite the economic concerns, by 2022, there would be an increase of billionaires in Mumbai by 137 percent and approximately 120 percent in Delhi. In the report, Mumbai was ranked at 7th position with 2105 HNIs in top 30 global cities. In the same list, Delhi was ranked at 11th position with 1945 HNIs.
In the report, the country that topped in the category of top 10 countries for billionaires was US with 543 billionaires. The city which ranked first in the list of top 30 global cities was New York, followed by London.
About Knight Frank Wealth Report
The Knight Frank Wealth Report provides an insight into the perspective of wealth and property on the global level. The report gives a peep into the HNWI growth forecasts of the world. The report is produced based on the survey conducted in more than 80 countries as well as cities.