India leads global growth of UHNWIs: Knight Frank

Asia's billionaire population growth is set to outpace other regions between 2018 and 2023, according to the Knight Frank's 13th edition of The Wealth Report. The survey said the global UHNWI population is forecast to rise by 22% over the next five years. In Asia, the number of billionaires is expected to rise by 27%, surpassing growth in North America (17%) and Europe (18%), reaching 1,003 in the next 4 years-more than a third of the world's total billionaire population of 2,696.  India's UHNWI population grew by 24% in the last 5 years (2014-18) and accounts for 1,947 UHNWIs, whose ...