HOW DO RICH PEOPLE MANAGE THEIR WEALTH

THE rich in India do not reveal much. About 3.2 lakh people proudly disclose incomes above ₹1 crore, according to data from IT returns filed each year.

- RAJAS KELKAR

However, if you listen to interviews with top executives at luxury car companies, they would say there are more than 8.3 lakh households with a net worth exceeding ₹9 crore. Their excitement about their booming sales in India is not hidden. Yet, in a country of 150 crore people, that is still a small number.

This influence extends beyond consumption; the financial behaviour of the rich serves as an inspiration for ordinary people. Many look up to their lifestyle and work towards their own dreams and aspirations. The desire to succeed prompts everyone to seek opportunities to increase income.

You can learn a lot from the way the rich manage their wealth: they focus on protecting, rather than rapidly growing, their assets. Many with generational or new wealth make preservation their main priority.