The recently surveyed Knight Frank’s Wealth Report, among all the metropolitan cities Hyderabad is home to 467 ultra-high net worth individuals (UHNWIs, with a net worth of USD 30 million (over Rs 225 crore) and above) in 2021, the second-highest in India following Mumbai (1,596 UHNWIs), and much ahead of Bengaluru and Pune. The ultra-wealthy population in Hyderabad is expected to increase by 56 percent to 728 by 2026 as per the reports. The city’s increase is going to be much above the national and global growth rates of 39 percent and 28.4 percent by 2016, respectively.
Technology and the digital economy contributed to a surge in the ultra-wealthy population nationally, Hyderabad saw information technology, pharmaceuticals, and biotechnology playing a key role in boosting wealth in 2021.
India also ranked sixth in percentage growth of the UHNWI population that is self-made and under the age of 40 years.
India ranked third in billionaire population globally in 2021. The US is number one with 748 billionaires, followed by the Chinese mainland at 554 billionaires and India with 145 billionaires.