World Wealth Report Latest News
India saw an 8.8 percent rise in high-net-worth individual (HNWI) wealth in 2024, witnessing 378,810 millionaires with a total wealth of $1.5 trillion by the end of last year, according to the World Wealth Report 2025 released recently.
About World Wealth Report 2025
- It is released by the Capgemini Research Institute.
- It covers 71 countries, accounting for more than 98% of global gross national income and 99% of world stock market capitalization.
Highlights of World Wealth Report 2025
- The Global high-net-worth individuals (HNWIs) population rose by 2.6 percent in 2024.
- This increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2 percent, as strong stock markets and AI optimism boosted portfolio returns.
- HNWIs are individuals with investable assets of $1 million or more, excluding their primary residence, collectibles, consumables, and consumer durables.
- HNWIs are segmented into three categories based on wealth bands: Ultra-HNWIs($30 million or more), Mid-Tier Millionaires ($5-30M), and Millionaires Next Door (USD 1-5M).
- The data indicates that alternative investments, such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15 percent of their portfolios.
- Within the largest individual markets, the U.S. was the clear leader, adding 562,000 millionaires as the country’s HNWI population grew by 7.6% to 7.9 million.
- This dominance in wealth extends across all tiers: 36% of the world’s centi-millionaires (those with over $100 million) and 33% of the world’s billionaires reside in the United States.
- India and Japan were standouts in the Asia-Pacific region, with both countries registering 5.6% growth, adding 20,000 and 210,000 millionaires, respectively.
- In contrast, growth in China was negative, with the HNWI population declining by 1.0%.
- India saw an 8.8 percent rise in high-net-worth individual (HNWI) wealth in 2024, witnessing 378,810 millionaires with a total wealth of $1.5 trillion by the end of last year.
- The report further highlights the presence of a growing segment of “millionaires next door,” with India counting 333,340 individuals in this category, holding a combined wealth of $628.93 billion.
- At the pinnacle of wealth, India also saw 4,290 ultra-high-net-worth individuals (UHNWIs) by the close of 2024, collectively possessing $534.77 billion.
World Wealth Report FAQs
Q1: Who releases the World Wealth Report 2025?
Ans: Capgemini Research Institute
Q2: What was the growth rate of India’s high-net-worth individual (HNWI) wealth in 2024?
Ans: 8.8%
Q3: According to the report, which country added the largest number of millionaires in 2024?
Ans: United States
Source: ZEE
Last updated on June, 2025
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