As per Knight Frank’s Wealth Report 2013:
India with 122 billionaires stood at 5th position in the list of to 10 countries with highest number of High Net-Worth Individual (HNWI).
Top 5 countries are:
Who is a High Net-Worth Individual (HNWI)?
The most commonly quoted figure for membership in the high net worth “club” is $1 million in liquid financial assets. An investor with less than $1 million but more than $100,000 is considered to be “affluent”, or perhaps even “sub-HNWI”. The upper end of HNWI is around $5 million, at which point the client is then referred to as “very HNWI”. More than $50 million in wealth classifies a person as “ultra HNWI”.
India with 122 billionaires stood at 5th position in the list of to 10 countries with highest number of High Net-Worth Individual (HNWI).
Top 5 countries are:
- US
- China
- Germany
- UK
- India
Who is a High Net-Worth Individual (HNWI)?
The most commonly quoted figure for membership in the high net worth “club” is $1 million in liquid financial assets. An investor with less than $1 million but more than $100,000 is considered to be “affluent”, or perhaps even “sub-HNWI”. The upper end of HNWI is around $5 million, at which point the client is then referred to as “very HNWI”. More than $50 million in wealth classifies a person as “ultra HNWI”.
