Beating Covid blues, number of Indian billionaires increases
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Beating Covid blues, number of Indian billionaires increases
Prabhakar Sinha / TNN / Updated: Feb 25, 2021, 16:53 IST
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(Representative image)
NEW DELHI: Number of high net worth individuals (HNWI), having wealth of over $1 million, and ultra high net worth individuals (UHNWI), with wealth of more than $30 million, declined by 8% and 2% to 3.5 lakh and 6,884 respectively in 2020 due to Covid-19.
However, the number of billionaires has increased to 113 in 2020 from 104 in 2019, said international property consultancy firm Knight Frank in its ‘The Wealth Report 2021’. The billionaire club in India is also expected to increase by 43% to 162 by 2025.