New World Wealth Report-Highlights

New World Wealth Report

Key Points:

  • India is the 6th wealthiest country in the world. 
  • United States is the wealthiest country in the world. 
  • China is the second wealthiest country in the world. 
  • In terms of millionaires, India is seventh largest in the world. 
  • India has third highest number of billionaires 

How wealth is calculated in this report?

  • Total wealth refers to the private wealth held by all the individuals living in each country/city. It includes all their assets (property, cash, equities, business interests) less any liabilities. The report, however, excludes government funds from its figures. 

Top 10 wealthiest Nations in the world:

United States has retained the first spot with the total wealth of $64,584 billion in 2017,
  • China with $24,803 billion stands in second place 
  • Japan with $19,522 billion at third. 
  • United Kingdom (4th, $9,919 billion), 
  • Germany (5th, $9,660 billion), 
  • India 
  • France (7th, $6,649 billion), 
  • Canada (8th, $6,393 billion), 
  • Australia (9th, $6,142 billion) and 
  • Italy (10th, $4,276 billion). 
Among Top 10 nations India performed the best with a rise in wealth at 25 percent from USD 6,584 billion in the year 2016 to USD 8,230 billion in 2017

India & Wealth report:

  • India is the sixth wealthiest nation in the world with the total wealth of $8,230 billion, in a list of top 10 wealthiest nations. 
  • In India richest, 1 percent lot in India owns 73 percent of the wealth generated in the country in 2017 
  • India is also home to 20,730 multimillionaires, the seventh largest in the world. 
  • India has 119 billionaires, the third-highest after the US and China. (A billionaire is defined as an individual with $$1 billion or more in net assets.) 
  • India has 3.3 lakh HNWIs (high-net-worth individuals), ninth highest in the world, 
  • Over 67 crore Indians comprising the populations poorest half saw their wealth rise by just 1 percent
  • The last year's survey had shown that India's richest 1 percent held a huge 58 percent of the country's total wealth -- higher than the global figure of about 50 percent. 
  • This year's survey also showed that the wealth of India's richest 1 percent increased by over Rs 20.9 lakh crore during 2017 -- an amount equivalent to total budget of the central government in 2017-18 

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