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).