In March 2025, Knight Frank, a global property consultancy firm based in London, published the 19th edition of ‘The Wealth Report 2025’. This report offers an in-depth look at the global distribution of wealth. It emphasizes the increasing number of High Net-Worth Individuals (HNWIs) around the world, with India ranking 4th globally, having approximately 85,698 HNWIs in 2024, which represents a 6% rise from the previous year.
India, representing 3.7% of the world’s wealthy population, is strengthening its presence among the leading wealth-generating nations. The United States leads with 905,413 high-net-worth individuals (HNWIs), followed by China with 471,634 HNWIs and Japan with 122,119 HNWIs.
Key Global Findings from The Wealth Report 2025
The Growth of High Net-Worth Individuals Worldwide
The report identifies high-net-worth individuals (HNWIs) as those who have a minimum of USD 1 million in investable assets. The findings reveal that the global population of HNWIs grew by 4.4% in 2024, totaling 2,341,378, an increase from 2,243,300 in 2023.
The top three regions that experienced the highest percentage growth in their HNWI populations are:
- United States – 5.2% growth
- Asia – 5% growth
- Africa – 4.7% growth
Other notable regional HNWI population growth rates:
- Australasia – 3.9% (owing to strong ties with Asian and North American markets)
- Middle East – 2.7%
- Latin America – 1.5%
- Europe – 1.4%
