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D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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How many people in India are rich in 2015?

Posted by Muthu on October 18, 2015

Every October, Credit Suisse publishes the global wealth report.

This year also they have published the report.

For last few years, we are sharing some interesting data points from the above report.

For the purpose of the report, they have taken into account only adult population.

For dollar to rupee conversion, the rate assumed is 1 USD = Rs.65.

A country is considered rich, if the average wealth per person is over $100,000 (Rs.65 lakhs).

The richest country in the world is Switzerland with average wealth per person of $567,122 (Rs.3.68 crores).Switzerland is the only country in the world where the average wealth per person has crossed half a million dollars.

The top ten richest countries in the world are Belgium, Denmark, Norway, Singapore, Sweden, Switzerland, Australia, France, UK and USA.

The average net worth of an individual in the world is $52,400 (Rs.34 lakhs).

71% of the world population has wealth less than $10,000 (Rs.6.5 lakhs).

21% of the world population has wealth between $10,000 (Rs.6.5 lakhs) to $100,000 (Rs.65 lakhs).

7.4% of the world population has wealth between $100,000 (Rs.65 lakhs) to $1 million (Rs.6.5 crores).

0.6% of the world population has wealth more than$1 million (Rs.6.5 crores).

The top 1% of the population owns 50% of the total assets.

If you’ve wealth of $759,900 (Rs.4.94 crores), you’re among the wealthiest 1% of the world.

Wealth of $68,800 (R.44.7 lakhs) would put you among top 10% of the world population.

If you’ve wealth of $3210 (Rs.2.09 lakhs), you’re among the wealthiest 50% of the world.

We are a poor country and we know it. We are growing very rapidly and therein lies opportunity for us to create wealth in next couple of decades.

95% of the population in India has wealth below $10,000 (Rs.6.5 lakhs).

3% of the country is classified as middle class having wealth above $13,700 (Rs.8.9 lakhs).

0.3% of our population is worth above $100,000 (Rs.65 lakhs).

There are 1.85 lakh people who are worth above $1 million (Rs.6.5 crores).

There are 2080 people who have above $50 million(Rs.325 crores).

There are 940 people who have above $100 million (Rs.650 crores).

Total wealth of the country is $3.4 trillion predominantly in real estate and gold.

The average wealth per individual is $4352 (Rs.2.82 lakhs) and the median wealth is $868 (Rs.56,420).

Median wealth means that half of our population has less than Rs.56,000 as wealth.

Count your blessings.

Help and give opportunity to the less privileged.

6 Responses to “How many people in India are rich in 2015?”

  1. Karthikeyan said

    Can you write an article on Bitcoin Investments Sir .

  2. Chiranjit Dutta said

    Hello Sir,

    Very helpful article for one who want to know where India stands in comparison with other countries.
    India is growing with growing individual wealth but still 95% of population has less than 6.5 lakh as wealth. Isn’t strange?

    How the term WEALTH is defined here will make the difference? India Population is aprrox 127 crore and more than 75% is adult population and 95% of population will be a huge number.which has less than 6.5 lakh as wealth according to credit suisse.

  3. Debasish Dutta said

    I m benefited withthis assesment. Still I suggest to provide information on how many of our population is rich. middle class and poor.

  4. […] https://wisewealthadvisors.com/2015/10/18/how-many-people-in-india-are-rich-in-2015/ […]

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