rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Asian countries with the richest people: India at No 3!

Asian countries with the richest people: India at No 3!

September 13, 2013 09:52 IST

Asian countries with the richest people: India at No 3!

     Next

Next

The world’s richest are getting richer despite the economic crisis.

The ultra wealthy population has hit an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013, growing by more than 6 per cent in population size from the previous year and adding $2 trillion to their combined wealth, greater than the GDP of India.

The Wealth-X and UBS World Ultra Wealth Report 2013 has identified more than 2,000 billionaires globally with a total net worth of US$6.5 trillion, equal to 23 per cent of the world's ultra high net worth (UHNW) total wealth.

In the next five years, Wealth-X forecasts that the world's UHNW population will grow by an annual average of 3.9 per cent and the wealth attributable to the UHNW population is expected to grow by 5.5 per cent.

While the US leads in terms of real growth in UHNW population numbers, with 2,250 UHNWIs, Asia is home to 42,895 UHNW individuals with a combined net worth close to $6.3  trillion. 

(The report defines UHNW individuals as those with total net assets of US$30 million)

Click NEXT to see the countries with the highest number of ultra high net worth population in Asia…




     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Japan

UNHW Population: 12,830

Total Wealth: $2,075 billion

The report states that Japan’s GDP saw modest growth and its equity market declined by 16 per cent during 2012-13.

While Japan’s property market also saw a slight decline, the Yen appreciated by 3.3 per cent.

Click NEXT to read more...


Image: An employee of Swatch Group stands next to an image of the company's Swatch Vandome at the group's newly built skyscraper in Tokyo's Ginza shopping district.
Photographs: Issei Kato/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

China

UNHW Population: 11,245

Total Wealth: $1,580 billion

China and India constitute close to 75 per cent of the UHNWI population.

While the Chinese property market was stable, the Yuan appreciated 2 per cent, says the report. 

Click NEXT to read more...


Image: A woman shops in a Louis Vuitton store in Shanghai.
Photographs: Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

India

UNHW Population: 7,730

Total Wealth: $925 billion

Wealth-X analysis shows there are 109 billionaires in India. This group represents the top 1.4 per cent of the UHNW population, controls 20.5 per cent of the total fortune attributable to the ultra wealthy segment.

The Indian equity markets which have significant impact on the local UHNW population, declined by 8 per cent during the measuring period while the rupee declined by 25 per cent, states the report.

India has also the highest number of female millionaires in the world as the country boasts of over 1,250 UHNW women with a combined fortune of $95 billion.

Click NEXT to read 


Image: A groomer blow dries a dog after it was bathed at a pet grooming salon in New Delhi.
Photographs: Parivartan Sharma/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Hong Kong

UNHW Population: 3,135  

Total Wealth: $470 billion

Though Hong Kong has 3,135 UNHWs, the combined wealth loss was highest in Asia as Hong Kong, China and Japan led the wealth loss across the region.

Click NEXT to read more...


Image: A jewellery store in Hong Kong.
Photographs: Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

South Korea

UNHW Population: 1,385

Total Wealth: $265 billion

South Korea, which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP) is a high-income developed country and is a member of Organisation for Economic Co-operation and Development (OECD).

Click NEXT to read more...


Image: A pet owner at a parlour for pets.
Photographs: Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Singapore

UNHW Population: 1,305

Total Wealth: $155 billion

Singapore has emerged as a global wealth management hub. It is the world's fourth leading financial centre, second-biggest casino gambling market and one of the world's top three oil-refining centres.

Click NEXT to read more...


Image: Shoppers walk past a Louis Vuitton store during Christmas Eve, at the Ion Orchard shopping mall, in central Singapore.
Photographs: Kevin Lam/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Taiwan

UNHW Population: 1,185

Total Wealth: $200 billion

The 19th-largest economy in the world, Taiwan is ranked highly in terms of freedom of the press, health care, public education, economic freedom, and human development.

Click NEXT to read more...


Image: A tourist walks besides kayaks and canoes on Fulong beach in New Taipei city, northeastern Taiwan.
Photographs: Reuters
Tags: UNHW , Taiwan

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Indonesia

UNHW Population: 785

Total Wealth: $120 billion

The largest economy in Southeast Asia, Indonesia has emerged as one of the toppers in UHNW wealth and population growth.

Indonesia has a mixed economy in which both the private sector and government play significant roles.

Click NEXT to read more...


Image: Indonesians queue to taste ice-cream in Magnum cafe in a Jakarta mall.
Photographs: Supri/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Malaysia

UNHW Population: 780

Total Wealth: $100 billion

A newly industrialised market economy, Malaysia has one of the best economic records in Asia.

Click NEXT to read more...


Image: Bufori owner Tan eHong sits in her Bufori Geneva, which is fitted with a tea-making feature, at her residence in Kuala Lumpur.
Photographs: Bazuki Muhammad/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Thailand

UNHW Population: 625

Total Wealth: $95 billion

A newly industrialised country Thailand boasts of 625 ultra high net worth individuals.

Click NEXT to read more...


Image: A boy wearing a Santa hat runs on a beach past taxi boats in TurataoMarineNational Park in southern Thailand's Satun province
Photographs: Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Philipines

UNHW Population: 580

Total Wealth: $85 billion

The Philippine economy has transformed from agriculture to focus on services and manufacturing. The rise in economic wealth has lead to a rise in the numbers of billionaires.

Click NEXT to read more...


Image: Solaire Resort & Casino in Pasay city, Metro Manila.
Photographs: Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Pakistan

UNHW Population: 310

Total Wealth: $40 billion

Though Pakistan’s economy is in shambles, it also figures among the toppers with 310 ultra rich individuals.

Click NEXT to read more...


Image: A paramilitary soldier walks past the Supreme Court building in Islamabad
Photographs: Faisal Mahmood/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     Next
Prev

Next

Vietnam

UNHW Population: 170

Total Wealth: $19 billion

Vietnam's economic growth has been among the highest in the world. It has 170 high net worth individuals.

Click NEXT to read more...


Image: Luxury items are displayed for sale at a Saigon Coop supermarket in Hanoi.
Photographs: Nguyen Huy Kham/Reuters

Prev     Next

Asian countries with the richest people: India at No 3!

Prev     More
Prev

More

Kazakhstan

UNHW Population: 140

Total Wealth: $20 billion

Strong public spending growth, development of a new oil field in Kazakhstan and a new gas pipeline network in Turkmenistan are expected to support growth in the sub-region. With commodity and fuel prices expected to stabilise, the outlook for Central Asia remains optimistic, says the Wealth-X and UBS World Ultra Wealth Report.


Image: An artist hanging from balloons performs during the opening of Esentai Mall in Almaty, Kazakhstan.
Photographs: Shamil Zhumatov/Reuters

Prev     More