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US to stay world’s ultra-rich sizzling spot whilst India, China surge

NEW DELHI: The US will stay the worldwide sizzling spot for the world’s super-rich within the close to future even because the fortunes of Asia’s rich proceed to develop, based on analysis from Boston Consulting Group.
The variety of ultra-high-net-worth people within the US will improve 36% to about 28,000 in 2025 in contrast with final yr, the agency mentioned in its 2021 World Wealth Report launched Thursday.

China and India ought to lead proportion progress of fortunes price $100 million or extra for a similar interval by nearly doubling the variety of ultra-wealthy people to 13,600 and 1,400, respectively, based on the report.

There are presently 60,000 ultra-high-net-worth people worldwide with a mixed $22 trillion.

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