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India's billionaire population may rise 51% to 313 by 2031: Knight Frank

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Mumbai accounts for 35.4% of the Ultra-high Net Worth Individuals population in India

Published - April 23, 2026 03:26 pm IST - New Delhi

Image used for representational purposes. File

Image used for representational purposes. File | Photo Credit: PTI

India is projected to have 25,217 ultra-high net worth individuals and 313 billionaires by 2031, spurred by wealth creation across technology, industrials and capital markets, according to Knight Frank.

Ultra-high Net Worth Individuals (UHNWIs) are defined as those having a net worth of $30 million and above.

Published - April 23, 2026 03:26 pm IST

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