14% ultra-wealthy Indians are from salaried employees segment, says Knight Frank Survey
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New Delhi: 14 per cent of India's ultra-high net worth individuals (UHNWIs, $30 million plus) are from the salaried employee segment, observes Knight Frank, International property consultant in its recent Attitudes Survey 2021.
This makes India the fourth highest contributor in the Asia Pacific for salaried employees in the ultra-wealthy club.
According to the survey, a vast majority of about 56 per cent Indians derive most of their wealth through their own businesses. Indians who derive their wealth through salaries or receive dividends from their investment portfolios share the second spot, contributing 14 per cent to India's UHNWIs club.
In the Asia-Pacific region, Singapore has the highest population of salaried UHNWIs with 31 per cent of the ultra-wealthy being salaried employees, followed by the Philippines (18 per cent), Chinese Mainland (16 per cent), India (14 per cent) and Hong Kong (13 per cent). Globally too, Singapore maintains its lead, followed by South Africa (28 percent), Russia (25 per cent), Canada (22 per cent) and Switzerland (22 per cent).