‘India has 3rd highest number of billionaires in world’:Report pegs billionaire count to rise to 313 by 2031

The billionaire count in India is projected to increase to 313 by 2031 from 207, currently, according to the 20th edition of ‘The Wealth Report 2026’ by real estate consultant Knight Frank. Additionally, the report also projects India to have 25,217 ultra-high net worth individuals. Currently, there are 19,877 UHNWIs Who are Ultra-high Net Worth Individuals? Ultra-high Net Worth Individuals (UHNWIs) are defined as those having a net worth of $30 million (₹279 crore and above.) The report claims that there has been a ‘dramatic acceleration’ in global wealth creation despite substantial geopolitical uncertainty. “India’s UHNWI population is forecast to rise from 19,877 today to 25,217 by 2031, underscoring its growing role in the global wealth landscape. This reflects extraordinary wealth creation across technology, industrials and capital markets,” the consultant said. Other findings of Knight Frank’s report: Shishir Baijal, International Partner, Chairman Managing Director, Knight Frank India, said, “The expansion of India’s wealth club mirrors its economic evolution as it becomes a more entrepreneurial economy maturing into one with deeper capital pools, more sophisticated financial markets and a growing cohort of globally connected founders and investors.”