 "businessman")
The world witnessed an increase of 31,000 ultra-high net worth individuals (UHNWIs) in 2019, taking the total number of such people — those with a net worth of $30 million or more — to 513,200, says the Knight Frank Wealth Report for 2020. This translates into a 6.4 per cent jump over 2018.
India, according to Knight Frank, ranks 12th and 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. Amongst asset classes, Indian
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