Wednesday, 12 September 2018

Indian demi-billionaires to rise by 70% by 2022: Survey

As the list of rich Indians with over USD five hundredmillion or additional in assets grows, the amount of demi-billionaires is poised to grow by seventy per cent by 2022, a recent survey aforementioned.

According to a report by Knight Frank, India, that had two hundred demi-billionaires in 2017, this variety is slated to extend to 340 in 2022.

"Prime residential markets in cities like metropolis and Delhi have remained mostlystable within the last 5 years, that creates an honest entry chance for consumers. the rise in variety of demi-billionaires clearly underscores the potential for demand and worth growth going forward," the report aforementioned.
The analysis highlights that in 5 years' time the amount of demi-billionaires in Asia canovertake those in North America for the primary time.

Wealth informationspecialists Wealth-X predict that there'll be nearlythree,000 individualsprimarily based in Asia WHOhave over USD five hundredmillion in assets by 2022.

Strong internationaleconomic process, in addition as rising plus costsas key drivers behind the expansion within the world's demi-billionaire population. By 2022, Wealth-X anticipates that there'll be nine,570 demi-billionaires worldwide, up from 6,900 at the tip of 2017," it said.

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