Mumbai has highest ultra-wealthy population in the country: Knight Frank Wealth Report
Image Credit: free press journal
Mumbai is home to 1596 ultra-high net worth individuals (UHNWIs, with net worth of $ 30m and above) in the year 2021, which is highest in the country. The UHNWI population in the city is expected to increase by 29.6 percent to 2069 by 2026. In the last 5 years, Mumbai’s ultra-rich population has grown by 42.6 percent from 1,119 in 2016 to 1,596 in 2021, according to Knight Frank’s The Wealth Report 2022.