World Wealth Report 2025

June 5, 2025

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 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 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.

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