Chennai expected to be the 4th fastest growing city: Knight Frank Wealth Report
Fastest growing In ultra-wealthy population during 2021-26: Knight Frank Wealth Report 2022 By 2026, number of UHNWIs expected to rise by 65.6% in Chennai Chennai, March 1, 2022: According to Knight Frank’s The Wealth Report 2022, Chennai was home to 160 ultra-high net worth individuals (UHNWIs, with net worth of US$ 30m and above) in the year 202 1. In the last 5 years, Chennai’s ultra-rich population grew by 64.2% from 97 in 2016 to 264 in 2021 making it the 4th fastest growing city in terms of UHNWIs during 2016-21. The ultra-wealthy population in the city is expected to increase by 65.6% to 264 by the year 2026. Shishir Baijal, Chairman & Managing Director, Knight Frank India In India, the number of UHNWIs grew by 11% YoY in 2021, the highest percentage growth in APAC . India also ranked 6thin percentage growth of the UHNWI population that is self-made and under the age of 40 years. Globally, the number of ultra-wealthy population saw an annual increase of 9.3% to 610,569...