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16th The Wealth Report 2022

Published on March 03, 2022
Current Context: Knight Frank’s ‘The Wealth Report 2022’ was released. The 16th edition of the report was released.
16th The Wealth Report 2022
  • The report provides an annual assessment about wealth creation which is enhancing or giving structure to the investment markets, along with its highest opportunities and risks as well.
  • As per the report, the number of ultra-high nets worth individuals i.e. UHNWIs at the global level has increased by 9.3% in 2021 to 6,10,569 which is from 5,58,828 in 2020.
  • At the global level, India is ranked at 3rd position in the report. Thus, India is the 3rd billionaire populous country at the global level. India has 145 billionaires.
  • The digital adoption and equity markets have helped India to attain this spot.
  • The most billionaire country which has topped the report is the United States. It has 748 billionaires.
  • In India, the number of UHNWIs has increased by 11% YoY in 2021.
  • From the Indian cities, Bengaluru witnessed the highest growth in the number of UHNWIs at 17.1% to 352. It is then followed by Delhi and Mumbai respectively.

Question: 

Q.1 As per Knight Frank’s ‘The Wealth Report 2022’, India ranks ___ in billionaire population country at the global level?
a. 3rd
b. 2nd
c. 5th
d. 4th
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