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UK, France beyond from India in terms of number of demi-billionaires

Posted By: technopediasite
demi-billionaires in India
demi-billionaires in India

India is the only country in the world where rich person is becoming more rich and the poor man is becoming more poor. While 80% of India's population lives in the village means India live in village & more than 75% are farmers in India. Think what is the reasons behind it….Good news dear Indians. The latest Wealth Report by Knight Frank predicts that India will have more demi-billionaires — those with $500 million or more in net assets — than France, Russia or the UK by 2022. The nation, in fact, had 200 demi-billionaires last year in 2017, and this number is all set to increase to 340 in the year 2022. In comparison, the population of demi-billionaires in France will increase from 230 in 2017 to 310 in 2022 while Russia and the UK, both of which had 220 demi-billionaires in 2017, are expected to increase their numbers by merely 50 and 40, respectively.

Dear Indians you are not ahead in terms of demi-billionaires from UK & France right now, it is future assumption & guess it can be happened up to 2022. I know internal status of India is very bad. Farmers are committing suicide every day. Small industrialist are in trouble, Unemployment is increasing day by day. Looting, stealing, it's common. It is the real face of India. Now let's see how India will be till 2022.
The Wealth Report also highlights that in five years' time the number of demi-billionaires in Asia will overtake that in North America for the first time. Wealth data specialists Wealth-X predict that there will be almost 3,000 people based in Asia who have more than US$500 million in assets by 2022.

Knight Frank cites strong global economic growth, as well as rising asset prices as key drivers behind the growth in the world's demi-billionaire population. By 2022, Wealth-X anticipates that there will be 9,570 demi-billionaires worldwide, up from 6,900 at the end of 2017.
most billionaires city in the world
most billionaires city in the world
The US will remain the country with the biggest overall population of demi-billionaires, expected to rise from 1,830 to nearly 2,500 over the next five years. In China, the number will grow from 490 to 990, says Wealth-X.

Despite the rise in political uncertainty and unknowns surrounding the final Brexit deal, the UK saw the largest inflow of overseas deposits globally in 2017, rising to US$1.8 trillion, a currency adjusted annual net inflow of US$239 billion, according to Bank for International Settlements (BIS) data analysed in the annual Knight Frank Wealth Report.

Singapore experiences resurgent price growth in Knight Frank's analysis of 20 prime international residential markets. Singapore leads the house price rankings (+11.5%). The city has witnessed resurgent price growth due to rising foreign demand and high land bids by developers.

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