You may or may not be surprised to learn that India ranks third in the world in terms of the number of centi millionaires!
Many must be wondering what the term Centi-millionaires is. In simple terms, individuals whose wealth is more than or equal to $100 million are Centi-millionaires.
As economies around the world have shifted and developed, so too has the way that people have been able to accumulate wealth. Technology and globalization have both played a part in this, as have increasing investment opportunities in emerging markets.
This surge in centi millionaires has shown no signs of slowing down, which is great news for those in India who are hoping to build a successful career. According to a survey, the number of millionaires has doubled over the past 20 years, and “the current Covid pandemic and the economically and socially disruptive implications of technology have substantially increased their capital accumulation,” according to the report.
Read this article till the end to know about the Centi-millionaires and global reports about various countries.
Is India Third in the World for Billionaires?
Irrespective of the rise in cases of Poverty, Inflation, and hunger in India, the country has secured 3rd position in the 1st ever Global analysis of Centi-millionaires.
Researchers have predicted that India will be able to overtake China by 2032 and secure the 2nd position. About 80 percent hike in growth rate is estimated with worth exceeding $100 million issued in the report by International Migration Advisory Firm.
What is the Rank of India in the Centi-Millionaires Report?
Have a look at the top 10 ranking of countries in the centi-millionaires, according to the Henley Global Citizens reports.
Which Country has the Most centi-millionaires?
The United States, which ranks first, is home to 38% (9,730) of the 25,490 centi-millionaires in the world while having just 4% of the global population.
China and India, two sizable developing economies, are in second and third position, respectively, with 2,021 and 1,132 cent millionaires. The UK is in fourth place with 968 cent millionaires, followed by Germany in fifth (with 966). Switzerland (808), Japan (765), Canada (541), Australia (463), and finally Russia round out the top 10 countries for cent millionaires (435).
The Centi-Milli Markets with the Fastest Growth
Vietnam: Asia’s burgeoning manufacturing center. In the local manufacturing, real estate, technology, and financial services industries, rapid growth is anticipated.
India: It has a large number of business owners and offers competitive pay. Substantial growth is anticipated in the local real estate, healthcare, business process outsourcing, media, and technology industries.
Mauritius: It is a popular destination for migrating millionaires and is a safe, business-friendly nation with low tax rates. In particular, the local financial services sector is anticipated to grow rapidly.
Conclusion
Baby Boomers — those born between 1946 and 1964 — continue to predominate the centi-millionaire circle despite the fact that an increasing number of younger entrepreneurs who launched successful software companies are newbies to the club.
Follow The Corporate Demands for more information.
Read about Netizens Will Soon Be Able To Feel And Touch Online Products.
