Friday, June 10, 2005

India’s millionaire count surges

India’s millionaire count surges to 69,800

HNWIs, defined as individuals with financial assets of at least $1 million (around Rs 4.4 crore), excluding their primary residence.
Global HNWI wealth has grown by 8.2 per cent to a whopping $30.8 trillion in 2004. Moreover, around 8.3 million people globally hold financial assets of $1 million, an increase of 7.3 per cent over 2003.

See also Number of Millionaires Hits Record - 7.5 million households in the United States. I would be willing to wager that the percentage of Indian millionares to United States millionaires will decrease dramatically in the next 10 year.

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