India Ranks 4th in Ultra-Wealthy Population with 85,698 Individuals

India has secured the fourth position globally in terms of ultra-wealthy individuals, those with a net worth exceeding $10 million. The ranking places India behind the United States, China, and Japan.

Country-wise Ultra-Wealthy Individuals

1. United States – 905,413 individuals (39% of global total)
2. China – 471,634 individuals
3. Japan – 196,098 individuals
4. India – 85,698 individuals

India’s Growing Wealth

India’s wealthy population is rapidly increasing, fueled by booming sectors like technology, pharmaceuticals, and manufacturing. A notable 20% of these high-net-worth individuals are under 40, reflecting India’s startup and IPO growth.

Economic Impact

With India’s richest 185 individuals holding over $1.19 trillion, the country’s economic influence is growing. However, income inequality remains a concern. While India rises in global wealth rankings, inclusive economic growth is essential for long-term sustainability.