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RECESSION ! WHAT\'S THAT? SUPER-RICH INDIAN CLUB OWNS Re. 490, 25, 000000000

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
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India's 7,730 super rich collectively own $ 925 bn: report

 

The super-duper rich in India never had it so good. Their fortunes seem to be swelling, come inflation, stock decline or whatever else.

 

 

India’s 7,730 super-rich or Ultra High Net Worth (UHNW) individuals’ wealth is a mind-boggling $ 925 billion (Re. 49, 02, 500 Crore). The World Ultra Wealth Report 2012 by Wealth X says that India has 7,730 UHNW individuals, of which 109 are billionaires as against last year’s 8,215 having a total wealth of $ 980 billion.

 

 

On an average, these billionaires are worth close to $ 1.7 billion each.  The study focuses solely on persons with a net worth of $ 30 million and above (after accounting for shares in companies, properties, art collections, planes, cash and other assets).



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