June 18, 2025

Current Context: The Capgemini Research Institute released its World Wealth Report 2025 in June, reporting that India’s high-net-worth individual wealth rose by 8.8 percent in 2024—bringing the number of millionaires in India to 378,810 with combined investable assets of US $1.5 trillion.

Relevant Data:

  • Report Coverage:
    • 71 countries, representing over 98 percent of Global Gross National Income (GNI) and 99 percent of global stock-market capitalisation.
  • Global Trends:
    • Population of high-net-worth individuals grew by 2.6 percent in 2024.
    • Ultra-high-net-worth individuals (those with investable assets of US $30 million or more) increased by 6.2 percent.
    • Alternative investments (private equity, cryptocurrencies) now constitute 15 percent of high-net-worth individual portfolios.
  • India Highlights:
    • High-Net-Worth Individual (HNWI) Wealth Growth:8% in 2024.
    • Number of millionaires next door (investable assets US $1 million–US $5 million): 333,340 individuals holding US $628.93 billion.
    • Number of ultra-high-net-worth individuals (investable assets of US $30 million or more): 4,290 individuals with combined assets of US $534.77 billion.

 

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