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India became home to 1.

56 lakh
millionaires with 3,000 more joining the
elite club in 2013, making the country
the 16th most populous in terms of
super-rich people worldwide, according
to a report.
There were 1,56,000 high net worth
individuals (HNWI) in India in 2013,
while in 2012 the figure stood at
1,53,000, according to the World Wealth
Report 2014, released by Capgemini
and RBC Wealth Management.
India has been ranked 16th in the list of
countries with the highest number of
high net worth individuals. The US
topped the chart with 40,06,000

millionaires, followed by Japan


(23,27,000), Germany (11,30,000) and
China (7,58,000) at the second, third
and fourth places, respectively.
The top four countries account for more
than half (59.9 per cent) of the total
HNWI population worldwide.
The world is home to 1.76 million
millionaires with a collective net worth of
$52.62 trillion - a 15 per cent increase in
HNWI population over last year.
"Overall, 2013 was another strong year
for the High Net Worth market, with
surging equity markets and improving
economies contributing to double digit

growth in both population and wealth


levels," RBC Wealth Management &
RBC Insurance group head M George
Lewis said.
"Looking at longer term growth trends,
nearly 40 per cent of the current level of
High Net Worth wealth has been created
in the past five years alone."
Going forward, wealth growth is
expected to accelerate with an
additional $12 trillion generated by
2016.
"Global HNWI wealth is forecast to
reach a new high of $64.3 trillion by
2016, representing 22 per cent growth

from 2013 levels and around $12 trillion


in new wealth," the report said.
Robust growth is expected in most
regions, with Asia-Pacific at the forefront
with an anticipated 9.8 per cent annual
growth rate, positioning the region to be
the largest HNWI market by population
in 2014 and by wealth by 2015, the
report further said.
North America and Asia-Pacific
remained in a close race for the world's
largest HNWI market by population in
2013. North America's HNWI population
expanded by 16 per cent to 4.33 million,
while that of the Asia-Pacific grew 17
per cent to reach 4.32 million.

North America maintained its position as


the wealthiest region, as its HNWI
wealth reached $14.88 trillion, while
Asia-Pacific's HNWI wealth reached
$14.20 trillion.