From UAE, US to India, here's how much money you need to be among the top 1% population

Produced by: Harshita Tyagi
Designed by: Mohsin Shaikh

Being in the richest top 1% population of a country is considered to be the epitome of excess. The wealth needed to be counted among the top 1% varies from country to country

Richest 1% population

According to Knight Frank’s ‘The Wealth Report’ 2023, in Singapore, you need US$3.5 million (approx Rs 28.8 crore) to be in the top 1%. In Hong Kong, the wealth required to be among the top 1% is US$3.4 million (approx Rs 28 crore)

Money needed to be among
top 1% in Singapore

The wealth required to be in the top 1% in UAE is US$1.6 million (approx Rs 13.1 crore). To be among the richest 1% in Brazil, you need US$430,000 (approx Rs 3.5 crore)

Money needed to be
among top 1% in UAE

In India, the wealth required to be in the top 1% is just US$175,000 (approx Rs 1.4 crore) while in the UK, it is US$3.3 million (approx Rs 27.1 crore)

Wealth needed to be
among top 1% in India

Monaco topped the list as one needs US$12.4 million (approx Rs 102 crore) to be among the 1%. As per the Knight Frank report, this level is still almost double that of second place Switzerland at US$6.6 million (approx Rs 54.3 crore)

Money needed to be among top 1% in Switzerland

The wealth required to be among the 1% in the US and New Zealand is US$5.5 million (approx Rs 45.3 crore) and US$5.2 million (approx Rs 42.8 crore) respectively

Money needed to be among top 1% in the US

As per the Knight Frank report, there has been an overall decline in the global population of Ultra High Net Worth Individuals (UHNWIs). However, there are nuances to the story – both at a regional and country level as well as across wealth bands

Decline in UHNWI population 

While the world’s UHNWI population contracted last year, the number of high-net-worth individuals (HNWIs) expanded by 2.9% to number almost 70 million worldwide, only Europe as a region saw HNWI numbers dwindle. The number of billionaires meanwhile declined by 5% to 2,629

HNI number expands

India’s ultra-high-net-worth individual (UHNWI) population, those with a net worth over $30 million, is estimated to shoot up by 58.4% in the next five years, from 12,069 in 2022 to 19,119 individuals in 2027, the report said

India's UHNWI number
to jump

India's high-net-worth-individual (HNI) population, people with assets worth $1 million or more, is pegged to rise to 1.65 million from 797,714 persons in 2022, recording an impressive 107% jump in the next five years

India's HNI population to
jump 100% in 5 years
Related Stories

Pink Supreme Diamond auctioned for nearly Rs 90 crore, Hermès Birkin bag sold for nearly Rs 3 crore by Christie’s. Krishen Khanna paintings, Patek Philippe watches up for auction soon India's $3-billion Online Gaming Industry is Battling the Odds: Know all about the 28% GST Setback on real-money gaming, Game of Skill SRK’s Jawan crosses Rs 1,000 crore mark at global Box Office; Check out other Indian movies in the elite Rs 1,000 crore club India's G20 presidency: From Auto, Aviation, Utilities to Space, Real Estate, here's what it means for India Inc, key sectors of India's economy