Rich Indians

World's Richest Families 2024: Waltons top with $432.4 bn, Ambanis at no. 8

World's Richest Families 2024: The Walmart Waltons top the list with $406.5 billion; India's Ambanis and Mistrys of Shapoorji Pallonji rank 8th and 23rd. Here is the top five list

India minted a new billionaire every 5 days in 2023: Hurun rich list 2024

For the first time, the Hurun India Rich List has exceeded 1,500 entries, recording individuals with wealth more than Rs 1,000 crore

60% households earning Rs 5 lakh+ live in top 150 Indian districts: Report

The majority of housholds with an annual income of Rs 5 lakh and above are concentrated in the top 20 per cent, or about 150, districts in the country, a report by MapmyIndia-backed data analytics firm ClarityX said on Tuesday. The ClarityX District Potential Index 2024 Report based on MapmyIndia data repository and government data sources, found that luminosity across the county grew significantly from 17 to 30 per cent in last four years. "60 per cent of households with annual income above Rs 5 lakh are in the top 20 per cent (about 150) districts of India, and two-third of the total districts above All-India District median are in the western region -- which also has the highest share of fastest growing districts," the report said. The report has measured growth of districts based on a district potential index (DPI) score covering socio-economic indicators like income distribution, social impetus like healthcare, education facilities per capita, infrastructure availability, ...

French luxury home decor brands turn their attention to Indian market

Over 30 luxe interior design brands from France showcased their creations to tap a new and growing class of rich Indians

India to see highest rise in number of ultra-rich in 5 years: Knight Frank

Knight Frank's 'The Wealth Report' says Asia will dominate the rise in the number of ultra-rich

Wealth on the move: Why are rich Indians heading for greener pastures?

According to government data, more than 1.6 million Indians have renounced their Indian citizenship since 2011, including a whopping 225,620 in 2022 alone, averaging around 618 per day

Ultra-rich Indians are now parking more money in gold: Knight Frank survey

The rise in allocation in gold is mainly owed to the significant returns it has given in the past few years

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data

How does the Budget affect the super-rich? Has India's capex outlay actually increased? Will a dovish RBI bolster investor sentiments this week? How does night light data show progress? Answers here

Wealth of 9 in every 10 ultra-rich Indians rose in '22: Knight Frank report

This was more than the global average where 4 in every 10 UHNWI saw wealth growth

The growing divide

Oxfam study points to sharpening inequality

Top headlines: IndOS vs iOS, Oxfam's 'Survival of Richest' report & more

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Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam

The burden of tax, especially indirect, falls more on the poor half

One out of every three Indians 'middle class'; to double by 2047: Report

The report released by PRICE added that the share of middle class in the total population rose from 14 per cent in 2004-05 to 31 per cent in 2021-22

Rich Indians rush overseas to open family offices as risks rise at home

Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Cancerians lead Indian rich list parade

For the second year running, Cancerians are most successful amongst the Hurun list. Sagittarians are among lukewarm contributors and absence of notable Bollywood and cricket personalities is puzzling

Lower-income groups not so hopeful this festival season sale: Report

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

12 Indians have a net worth of more than Rs 1 trillion, shows a new report

The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion