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11
September 2018
 |
wealthy(The
Total Investment & Insurance Solutions)
As the list of wealthy
Indians with over USD 500 million or more in assets grows, the number of
demi-billionaires is poised to grow by 70 per cent by 2022, a recent survey
said.
According to a report by Knight Frank, India, which had 200 demi-billionaires in 2017, this number is slated to increase to 340 in 2022.
"Prime residential markets in cities such as Mumbai and Delhi have remained largely stable in the last five years, which creates a good entry opportunity for buyers. The increase in number of demi-billionaires clearly underscores the potential for demand and price growth going forward," the report said.
The analysis highlights that in five years' time the number of demi-billionaires in Asia will overtake those in North America for the first time.
Wealth data specialists Wealth-X predict that there will be almost 3,000 people based in Asia who have more than USD 500 million in assets by 2022.
According to a report by Knight Frank, India, which had 200 demi-billionaires in 2017, this number is slated to increase to 340 in 2022.
"Prime residential markets in cities such as Mumbai and Delhi have remained largely stable in the last five years, which creates a good entry opportunity for buyers. The increase in number of demi-billionaires clearly underscores the potential for demand and price growth going forward," the report said.
The analysis highlights that in five years' time the number of demi-billionaires in Asia will overtake those in North America for the first time.
Wealth data specialists Wealth-X predict that there will be almost 3,000 people based in Asia who have more than USD 500 million in assets by 2022.
"Strong global economic
growth, as well as rising asset prices as key drivers behind the growth in the
world's demi-billionaire population. By 2022, Wealth-X anticipates that there
will be 9,570 demi-billionaires worldwide, up from 6,900 at the end of
2017," it said. The Total Investment & Insurance Solutions
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