Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India&#039;s 7,730 super rich collectively own $925 bn: report    </title>
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However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn 

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                            <div align="justify">-PTI<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn <br /><br />India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study.<br /><br />According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which 109 are billionaires.<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 billion.<br /><br />The Wealth-X analysis shows there are 109 billionaires in the country and this group represents the top 1.4% of the UHNW population, and controls 20.5% of the total fortune attributable to the ultra wealthy segment.<br /><br />On average, these billionaires are worth close to $1.7 billion each.<br /><br />Meanwhile, the global UHNW population grew by a modest 0.6% to 187,380 with a combined wealth of $25.8 trillion.<br /><br />The combined wealth attributable to this segment, however, shrank by 1.8% from a year ago largely driven by the Euro zone crisis and a slowdown in emerging economies, the report said.<br /><br />Asia saw the largest percentage reduction in UHNW population amongst the regions (2.1%) owing to poor equity performance, particularly in Japan, China and India, the report said.<br /><br />The population and wealth growth of UHNW depends on the economy and its direction and clarity of government policies.<br /><br />Since India's GDP growth continue to moderate and the Indian equity markets, which have significant impact on the local UHNW population, declined by 8% during the measuring period and the Indian Rupee declined by 25% affecting the UHNW population and their wealth.<br /><br />In India, the lowest tier of the UHNW group represented by those worth $30 million to $49 million is the largest group, making up 45.7% of the total UHNW population in India. They have a combined fortune of $125 billion, or 13.5%, of the total wealth of the India's ultra affluent.<br /><br />The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).<br /><br />The Wealth X study further said there are 5,775 Indians having wealth between $30 million and $100 million, and nearly 845 have wealth between $100 million and $200 million.&nbsp;&nbsp; &nbsp;<br /><br />Between $200 million and $500 million, there are 855 Indians, while in the range of $500 million to $999 million, there are 150 Indians, the study said.<br /><br />The report further said the NRI population in Asia was adversely affected by the poor performance of equity markets and weakness in the financial services sector.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on" class="re" target="_blank">The Business Standard, 17 September, 2012, http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on</a><div class="clear"></div>
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    <h1 class="cat-box-title">India&#039;s 7,730 super rich collectively own $925 bn: report</h1>
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                            <div align="justify">-PTI<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn <br /><br />India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study.<br /><br />According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which 109 are billionaires.<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 billion.<br /><br />The Wealth-X analysis shows there are 109 billionaires in the country and this group represents the top 1.4% of the UHNW population, and controls 20.5% of the total fortune attributable to the ultra wealthy segment.<br /><br />On average, these billionaires are worth close to $1.7 billion each.<br /><br />Meanwhile, the global UHNW population grew by a modest 0.6% to 187,380 with a combined wealth of $25.8 trillion.<br /><br />The combined wealth attributable to this segment, however, shrank by 1.8% from a year ago largely driven by the Euro zone crisis and a slowdown in emerging economies, the report said.<br /><br />Asia saw the largest percentage reduction in UHNW population amongst the regions (2.1%) owing to poor equity performance, particularly in Japan, China and India, the report said.<br /><br />The population and wealth growth of UHNW depends on the economy and its direction and clarity of government policies.<br /><br />Since India's GDP growth continue to moderate and the Indian equity markets, which have significant impact on the local UHNW population, declined by 8% during the measuring period and the Indian Rupee declined by 25% affecting the UHNW population and their wealth.<br /><br />In India, the lowest tier of the UHNW group represented by those worth $30 million to $49 million is the largest group, making up 45.7% of the total UHNW population in India. They have a combined fortune of $125 billion, or 13.5%, of the total wealth of the India's ultra affluent.<br /><br />The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).<br /><br />The Wealth X study further said there are 5,775 Indians having wealth between $30 million and $100 million, and nearly 845 have wealth between $100 million and $200 million.&nbsp;&nbsp; &nbsp;<br /><br />Between $200 million and $500 million, there are 855 Indians, while in the range of $500 million to $999 million, there are 150 Indians, the study said.<br /><br />The report further said the NRI population in Asia was adversely affected by the poor performance of equity markets and weakness in the financial services sector.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on" class="re" target="_blank">The Business Standard, 17 September, 2012, http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on</a><div class="clear"></div>
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    <h1 class="cat-box-title">India&#039;s 7,730 super rich collectively own $925 bn: report</h1>
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                            <div align="justify">-PTI<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn <br /><br />India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study.<br /><br />According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which 109 are billionaires.<br /><br />However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 billion.<br /><br />The Wealth-X analysis shows there are 109 billionaires in the country and this group represents the top 1.4% of the UHNW population, and controls 20.5% of the total fortune attributable to the ultra wealthy segment.<br /><br />On average, these billionaires are worth close to $1.7 billion each.<br /><br />Meanwhile, the global UHNW population grew by a modest 0.6% to 187,380 with a combined wealth of $25.8 trillion.<br /><br />The combined wealth attributable to this segment, however, shrank by 1.8% from a year ago largely driven by the Euro zone crisis and a slowdown in emerging economies, the report said.<br /><br />Asia saw the largest percentage reduction in UHNW population amongst the regions (2.1%) owing to poor equity performance, particularly in Japan, China and India, the report said.<br /><br />The population and wealth growth of UHNW depends on the economy and its direction and clarity of government policies.<br /><br />Since India's GDP growth continue to moderate and the Indian equity markets, which have significant impact on the local UHNW population, declined by 8% during the measuring period and the Indian Rupee declined by 25% affecting the UHNW population and their wealth.<br /><br />In India, the lowest tier of the UHNW group represented by those worth $30 million to $49 million is the largest group, making up 45.7% of the total UHNW population in India. They have a combined fortune of $125 billion, or 13.5%, of the total wealth of the India's ultra affluent.<br /><br />The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).<br /><br />The Wealth X study further said there are 5,775 Indians having wealth between $30 million and $100 million, and nearly 845 have wealth between $100 million and $200 million.&nbsp;&nbsp; &nbsp;<br /><br />Between $200 million and $500 million, there are 855 Indians, while in the range of $500 million to $999 million, there are 150 Indians, the study said.<br /><br />The report further said the NRI population in Asia was adversely affected by the poor performance of equity markets and weakness in the financial services sector.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on" class="re" target="_blank">The Business Standard, 17 September, 2012, http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on</a><div class="clear"></div>
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Home हिन्दी

India's 7,730 super rich collectively own $925 bn: report

Published on Sep 17, 2012   Modified on Sep 17, 2012

-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which 109 are billionaires. However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 billion. The Wealth-X analysis shows there are 109 billionaires in the country and this group represents the top 1.4% of the UHNW population, and controls 20.5% of the total fortune attributable to the ultra wealthy segment. On average, these billionaires are worth close to $1.7 billion each. Meanwhile, the global UHNW population grew by a modest 0.6% to 187,380 with a combined wealth of $25.8 trillion. The combined wealth attributable to this segment, however, shrank by 1.8% from a year ago largely driven by the Euro zone crisis and a slowdown in emerging economies, the report said. Asia saw the largest percentage reduction in UHNW population amongst the regions (2.1%) owing to poor equity performance, particularly in Japan, China and India, the report said. The population and wealth growth of UHNW depends on the economy and its direction and clarity of government policies. Since India's GDP growth continue to moderate and the Indian equity markets, which have significant impact on the local UHNW population, declined by 8% during the measuring period and the Indian Rupee declined by 25% affecting the UHNW population and their wealth. In India, the lowest tier of the UHNW group represented by those worth $30 million to $49 million is the largest group, making up 45.7% of the total UHNW population in India. They have a combined fortune of $125 billion, or 13.5%, of the total wealth of the India's ultra affluent. The study focuses solely on persons with a net worth of $30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets). The Wealth X study further said there are 5,775 Indians having wealth between $30 million and $100 million, and nearly 845 have wealth between $100 million and $200 million.     Between $200 million and $500 million, there are 855 Indians, while in the range of $500 million to $999 million, there are 150 Indians, the study said. The report further said the NRI population in Asia was adversely affected by the poor performance of equity markets and weakness in the financial services sector.

The Business Standard, 17 September, 2012, http://www.business-standard.com/india/news/indias-7730-super-rich-collectively-own-925-bn-report/187209/on

Tagged with: Inequality

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