According to the “Wealth Report 2020”released by Knight Frank LLP, a leading International Property Consultant, India had 5,986 UHNWIs Ultra high-net-worth individuals (UHNWIs) in 2019 and they expected to increase by 73% in the coming 5 years. This will almost double the current count to 10,354. India, according to Knight Frank, ranks 12thand had 5,986 such individuals in 2019, which is likely to reach 10,354 by 2024. The number of billionaires in India, on the other hand, is likely to reach 113 by 2024, up from 104 in 2019.
