New World Wealth

The City of Nawabs has 8,200 millionaires and seven billionaires, according to a latest report by New World Wealth.

India’s total individual wealth is estimated to be $5,600 billion, but the average Indian is quite poor as 54 per cent of its wealth is in the hands of millionaires.

According to a report by New World Wealth, India was ranked 7th ahead of Canada (USD 4,700 billion), Australia (USD 4,500 billion) and Italy (USD 4,400 billion), which came in at 8th, 9th and 10th slots, respectively