World Wealth Report
- India was ranked sixth in list of wealthiest countries with total wealth of US $8,230 billion in 2017.
- The total wealth, refers to private wealth held by all individuals living in each country/city. It includes all their assets (property, cash, equities, business interests) less any liabilities. However it excludes government funds.
- US is wealthiest
- India was best performing wealth market globally in 2017 as its total wealth swelled from US $6,584 billion in 2016 to US $8,230 billion in 2017, registering a 25% growth.
- India is home to 3,30,400 HNWIs (individuals with US $1 million or more in net assets). Globally, India was ranked 9th in this aspect while US topped the list with 50,47,400 HNWIs (high-net-worth individuals).
- India is also home to 20,730 multi-millionaires, 7th largest in world and in terms of resident billionaires (individuals with US $1 billion or more in net assets), India with 119 such individuals was named among the top three countries globally, after US and China.