The document summarizes key findings from The Wealth Report about the wealth landscape in India. It finds that the growth in billionaires and ultra-high net worth individuals has been much faster in India than other regions. By 2024, India is projected to have the 4th most billionaires globally and improve its UHNWI ranking. The top cities in India are highly concentrated, with the top 6 cities contributing over half of UHNWIs currently and this is projected to increase further. Indian UHNWIs expect their wealth to continue growing and have concerns around family business succession and potential tax increases. Real estate remains a key investment for wealthy Indians.

1. THE WEALTH REPORT
2015
1

2. THE WEALTH REPORT
2015
INDIA
DR. SAMANTAK DAS
Chief Economist & Director - Research

3. Wealthy Indians - today and tomorrow
The Wealth Report

4. Growth in billionaire count much faster in India
The Wealth Report
70%100% 41%
India Asia Global

5. Out-performance in growth of UHNWI in India is even larger
The Wealth Report
48%104% 34%
India Asia Global

6. During 2004-14, growth rate for UHNWIs and billionaires
were 166% and 162% respectively
The Wealth Report
Note
• UHNWI: Net assets of USD 30 mn.
• Billionaire: Net assets of USD 1 bn.
65
1,576
2013
68
1,652
2014
136
3,371
2024
India’s UHNWI ranking to improve from 20th in 2014 to 19th in 2024
The billionaire ranking would improve from 7th to 4th
UHNWI
Billionaire
UHNWI
Billionaire
UHNWI
Billionaire

7. The Wealth Report
India: Top 6 cities contribute 58% of UHNWIs which will
increase to 68% by 2024
CHENNAIBENGALURU
MUMBAI
AHMEDABAD
HYDERABAD
DELHI
20 46
130%
157 373
138%
39 92
136%
49 111
127%
619 1,490
141%
75 164
119%
693 1,095
58%
OTHERS

8. UHNWI distribution – Ho Chi Minh will grow fastest
The Wealth Report
148%
JAKARTA
171%
Ho Chi Minh
157%
Ordos
141%
MUMBAI

9. The Wealth Report
High concentration of wealth in India: UHNWIs per 100,000
2.40.1
India Global

10. Lowest concentration in Monaco - With 574 UHNWIs per
100,000 ranks 1st among 97 countries
The Wealth Report
20th
68th
84th
13
0.6
0.1

11. What do wealthy Indians think?
The Wealth Report

12. The Wealth Report
82%74%
Asia Global
In 2014, net worth of 87% of
Indian UHNWIs increased
80%82%
Asia Global
In 2015, 89% of Indian UHNWIs
expect their wealth will increase

13. Top 3 concerns of Indian UNHWIs
The Wealth Report
Family / business succession issues
Potential increase in wealth taxes
Cyber crime & online privacy

14. The Wealth Report
28%33% 23%
India Asia Global
% of net worth by main residence and any
2nd home that is not purely an investment
3.33.2 2.9
India Asia Global
Average ownership of homes
22%24% 26%
India Asia Global
Contemplating a purchase
of another home in 2015

15. The Wealth Report
12%7% 12%
India Asia Global
% of UHNWIs considering permanently
changing their domicile or country of
residence
Top 3 reasons
Quality of life/health
Business
Tax

16. The Wealth Report
38%47% 32%
India Asia Global
% allocation of investment into real
estate asset class
29%26%
2014 2015
% UHNWIs who increased / wish
to increase allocation to property
% UHNWIs who wish to increase allocation towards
87%
Residential
65%
Office
60%
Agricultural
50%
Warehousing / Industrial
26%
Retail / Shops

17. The Wealth Report
Most likely geography to invest in property Property ownership structuring
8%92%INDIA
OWN COUNTRY ABROAD
GLOBAL
ASIA 37%63%
42%58%
3%97%
DIRECT
OWNERSHIP VIA A FUND
3%91%
12%79%
JOINT
VENTURE
6%
9%
0%
INDIA
GLOBAL
ASIA

18. The Wealth Report
Change in investment in other asset classes –
Allocation to equity investments and own business to increase remarkably
EQUITIES
OWN
BUSINESS
CASH
FIXED INCOME
BONDS
GOLD /
PRECIOUS
METALS
95%
70%
-39%
0%
-55%
45%
39%
-9%
-17%
-17%
52%
46%
6%
12%
-48%
INDIA
GLOBAL
ASIA

19. The Wealth Report
Investments of passion: Watches, Art, Jewellery top; Personal
pleasure and status are top motives
38%
CLASSIC CARS
66%
ART
56%
WINE
22%
FURNITURE STAMPS
19%
COINS
14%
68%
WATCHES
65%
JEWELLERY
CHINESE CERAMICS
11%

20. Prime Residential Property Prices
The Wealth Report

21. Prime Residential Property – Monaco costliest; Dubai cheaper than
Mumbai
The Wealth Report
`174,362 `339,723
`283,215
`151,419
`293,944HONG KONG
SINGAPORE
MONACO
LONDON
NEW YORK
`121,608SHANGHAI
PARIS `116,851
`99,210
MIAMI
`97,087
BEIJING
DELHI
BENGALURU
MUMBAI
DUBAI
`33,400
`61,300
`18,600
`40,455
Price in ` per sq. ft.

22. Prime Residential Price Change in 2014
The Wealth Report
Limited price growth in Mumbai due to high
unsold inventory
Globally, Bengaluru is among the limited markets
that had double digit growth
18.8%
10.1% 9.8%
5.1%
2.9%
1.8% 1.1% 0.3% 0.0%
-0.5%
-2.0%
-3.5%
-12.4%-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
NewYork
Bengaluru
Miami
London
Mumbai
Delhi
HongKong
Dubai
Shanghai
Beijing
Monaco
Paris
Singapore

23. Cities preferred by Global UHNWIs
The Wealth Report

24. Top 10 Global Cities – No Indian city among top 10
The Wealth Report
2
NEW YORK 5
SHANGHAI
6
MIAMI
8
DUBAI
9
BEIJING
4
SINGAPORE
1
LONDON
10
ZURICH
7
PARIS
3
HONG KONG
2015

25. Top 10 Global Cities – Mumbai slips out
The Wealth Report
1
NEW YORK 5
SHANGHAI
7
MIAMI
8
DUBAI
6
BEIJING
4
SINGAPORE
2
LONDON 10
ZURICH
9
PARIS
3
HONG KONG
2025

26. Key Takeaways
 By 2024, only USA, China and Russia will have more billionaires
than India
 Top 6 cities in India contribute 58% of UHNWIs in the country.
This dominance shall further accelerate to 68% by 2024
 The country has high concentration of wealth in the hands of few –
ranks 84th out of 97 countries
 24% Indian UHNWIs are contemplating a purchase of another
home in 2015
The Wealth Report

27. THE WEALTH REPORT
2015
27