mo4ch:>India to see fastest rise of super-rich over the next five years | Mo4ch News

Asia is on track to become the world's second largest wealth hub by 2024, with India being the main engine of this growth, outpacing neighboring China and Indonesia, according to the Knight Frank consultancy forecast.After rising by more than 6 percent in 2019 to 513,200 people, the number of the ultra high-net-worth individuals (UHNWIs) — those who have a fortune of more than $30 million — is expected to further expand over a five-year period. According to the firm's recent Wealth Report, the super rich population will jump by 27 percent to nearly 650,000.Also on rt.comRichest 1% owns more than TWICE as much wealth as 6.9 billion people – OxfamAs the Asia-Pacific region hosts the fastest-growing economies, it is not surprising that most of new multimillionaires are building fortunes in countries such as India and China. The former had less than 6,000 ultra-rich individuals last year, but the the figure is projected to increase by 73 percent -— the fastest pace in Asia and acr…