India Sees 8.8% Rise in HNWI Wealth in 2024, Has 378,810 Millionaires Worth $1.5 Trillion

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 a report released on Wednesday.

- AGENCIES

India also had 333,340 millionaires 'next door' at the end of 2024, with a wealth of $628.93 billion, according to the Capgemini Research Institute's World Wealth Report 2025.

Moreover, India had 4,290 ultra-HNWIs at the end of 2024, with a combined wealth of $534.77 billion.

While 85 percent of the Indian next-gen HNWIs plan to switch from parents' WM (Wealth Management) firm within 1-2 years, as compared to 81 percent of the surveyed global next-gen HNWIs, 51 percent of them cite services unavailable on their preferred channels as a reason to switch WM firms.