India’s super-rich club shrinking

LONDON: The good news is India is home to 109 billionaires with an average net worth of $1.7 billion each. The bad news, however, is that compared to last year, India has seen the largest fall in super-rich population in the world.

Compared to last year, India has 485 fewer super-wealthy individuals, followed by China which lost 265 and Japan which lost 210.

The country's super-rich club — those worth at least $30 million — has 7,730 members with a combined worth of $925 billion. Among them, the largest chunk is of the ultra high-net worth individuals (UHNWIs) who are worth $30 million to $49 million.