Nearly half the ultra high net worth individuals (UHNIs) are below 40 years.
The growth of ultra high net worth households (UHNHs) slowed down in 2015-16, growing at seven per cent, compared with 17 per cent in the previous year.
Such households recorded a compound annual growth rate (CAGR) of 16 per cent in the past five years, according to Kotak Wealth Management’s report ‘Top of the Pyramid 2016’
How the super rich spend their money
