Oxfam said the total number of billionaires in India increased from 102 in 2020 to 166 in 2022. The combined wealth of India's 100 richest has touched USD 660 billion ( ₹54.12 lakh crore) -– an amount that could fund the entire Union Budget for more than 18 months, it added.
In fiscal year 2021, the majority of Indian households are aspirants, earning between 12,500 and 50,000 Indian rupees a year. On the other hand, about 3% of households that same year were in the rich group, earning more than 300,000 rupees a year.
India has GDP per capita of $2,200. In 2021, India was ranked 145th in a list of 193 countries for which data was available.
The 2023 Forbes billionaires list features 169 Indians, up from 166 last year.
Mumbai, the financial capital of India, is also home to the maximum number of billionaires in the country. According to the 2023 M3M Hurun Global Rich List, 66 of India's 187 billionaires live in Mumbai.
Synopsis. A 2018 bank report found that 23,000 Indian millionaires had left the country since 2014. More recently, a Global Wealth Migration Review report revealed that nearly 5,000 millionaires, or 2% of the total number of high net-worth individuals in India left the country in 2020 alone.
Forbes' real-time data shows that as of May 2023, there are 40 Australian billionaires on the list of the world's richest people.
Top 5 Richest Muslims in India | भारत के 5 सबसे अमीर मुसलमान: Azim Premji (Wipro; also #1 philanthropist in India), Yusuf Ali (Lulu Group), Yusuf Hamied (Cipla), Shamsher Vyalil (VPS Healthcare) and Azad Moopen (Aster). Top 5 Richest Muslim in india | भारत के 5 सबसे अमीर मुसलमान | Top...
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) bags the richest Indian title with net worth of $82 billion. RIL Chairman is the only Indian to feature in the list of top ten billionaires in the world, according to 2023 Hurun Global Rich List.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
The country's nominal GDP of USD 18 trillion is roughly six times that of India. China has historically had a larger population. And in the previous decade, China's real GDP growth outpaced India's by over 1.5 percentage points annually. However, the tables are set to be at least partly turned in the coming years.
India overtakes UK as the world's fifth-largest economy | World Economic Forum.
According to the World Inequality Database, an annual income of Rs 18.6 lakh or more in 2021 would put an Indian among the richest 1 percent of the country.
India | Rs 16 Lakhs
It's fairly easy to be in the top 1 per cent in India – You would need to earn just around $77,000 or Rs 16,13,073 annually.
The report defines millionaires as individuals having a personal wealth of at least ₹7 Crore, roughly $1 million. The 42 HNIs have a personal wealth of ₹100 crore.
Jains are the richest religious community, with more than 70% of their population in the top quintile. There isn't much difference between Hindus and Muslims and they are very close to the national distribution of wealth.
According to a study from 2015, Christians hold the largest amount of wealth (55% of the total world wealth), followed by Muslims (5.8%), Hindus (3.3%), and Jews (1.1%).
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
Baby Boomers own half of Australia's wealth, despite being just one-fifth of the population.
"One likely reason that Indian millionaires are leaving is due to the anti-corruption and regulatory crackdown in India, resulting in wealthy Indians wanting to move their capital elsewhere," Ruchir had told the Financial Express.
The Indian constitution does not have any provision regarding dual or multiple citizenships. Instead, an Indian can acquire a second passport of a chosen country. But they are obligated to lose Indian citizenship.
They tend to be CEOs of multinationals, entrepreneurs of successful tech companies, stock market players, those with inherited wealth or baby boomers selling their SMEs. Andrew Amoils, head of research at New Wealth, said that centi-millionaires are the most important top end global wealth band currently.