Global Wealth Report: US Leads in Ultra-Rich Population, India Among Fastest Growing
Where Do The World’s Ultra Rich Live? India Among Fastest Growing Wealth Hubs, US Tops List
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The United States remains the top destination for ultra-high-net-worth individuals (UHNWIs), boasting over 251,000 individuals worth more than $30 million. India ranks sixth with nearly 20,000 UHNWIs and is identified as one of the fastest-growing wealth hubs, projected to reach over 25,000 by 2031.
- 01The US has 251,352 ultra-high-net-worth individuals, the highest globally.
- 02India's UHNWI population grew from over 12,000 in 2021 to 19,877 in 2026.
- 03China is the second-largest hub with 121,677 UHNWIs, but its share is declining.
- 04India's ultra-wealth population is expected to reach 25,217 by 2031.
- 05Europe remains a significant player, with multiple countries in the top 10 for ultra-wealth.
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According to Knight Frank's Wealth Report 2026, the United States continues to lead as the world's top destination for ultra-high-net-worth individuals (UHNWIs), with 251,352 individuals worth over $30 million. China follows with 121,677 UHNWIs, while Germany, the UK, and France round out the top five. India ranks sixth, showing remarkable growth from just over 12,000 UHNWIs in 2021 to 19,877 in 2026. The report highlights that the global population of UHNWIs surged from 551,435 to 713,626 between 2021 and 2026, with 89 individuals crossing the $30 million threshold daily. India's trajectory is expected to continue upward, driven by sectors like technology and entrepreneurship, with projections indicating an increase to 25,217 UHNWIs by 2031. Europe maintains a strong presence in ultra-wealth, with established financial systems and economies, although its growth rates are slower compared to emerging markets.
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The growth in India's ultra-wealth population could lead to increased investment and economic activity in sectors like technology and entrepreneurship.
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