INSUBCONTINENT EXCLUSIVE:
Bengaluru has experienced a remarkable 120 per cent increase in its millionaire population over the past decade
| Representational Photo3 min read Last Updated : Sep 19 2024 | 11:50 AM IST
Bengaluru is poised for dramatic growth in its population of
centi-millionaires over the next 16 years
Centi-Millionaire Report 2024
Home to approximately 13,200 millionaires, Bengaluru has a collective investable wealth of Rs 800 crore, the report added.
Earlier in June,
It said that India's Silicon Valley has experienced a remarkable 120 per cent increase in its millionaire population over the past
with the United States and China leading the way
China has seen a 108 per cent rise in centi-millionaires over this period, while the US has experienced an 81 per cent increase
The report further states that there are currently 29,350 individuals worldwide with liquid investable assets of $100 million or
Many Fortune 500, S&P 500, FTSE 100, and Nikkei 225 companies have been founded by these centi-millionaires.US dominates, but Asia closing
New York City leads with 744 centi-millionaires, followed by the Bay Area with 675, and Los Angeles with 496
All three cities are expected to see more than 50 per cent growth in their ultra-wealthy populations over the next decade.
However, Asian
cities are rapidly climbing the ranks
expected in the coming years
Mumbai, Delhi, and Bengaluru have also made it to the list
Meanwhile, European cities are seeing slower growth, with London now ranking fourth and Paris in tenth place in terms of centi-millionaire
personal debt and non-investable assets
These ultra-wealthy individuals are primarily concentrated in countries that offer attractive investment migration programmes.First
Published: Sep 19 2024 | 11:50 AMIST
