InvestorQ : What are the highlights ogf the recent Wealth Study put out by IIFL?
Archita Jajjoo made post

What are the highlights ogf the recent Wealth Study put out by IIFL?

Answer
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Niti Shenoi answered.
4 weeks ago


Hurun India and IIFL Wealth just released the IIFL Wealth Hurun India Rich List 2020. This is the ninth edition of the IIFL Wealth Hurun India Rich List. It ranks 828 individuals who have a net worth of at least Rs 1,000 crore. Mukesh Ambani topped the list.

The analysis of city-wise wealth is quite interesting. Mumbai is the residential capital of India’s wealthy and this city is home to 217 such super rich persons comprising 26% of the list. Mumbai is followed by Delhi and Bengaluru behind.

Nearly 50% of the new additions during the year in the IIFL Wealth Hurun India Rich List 2020 were contributed by the Top 3 cities of Mumbai, Delhi and Bengaluru. The list also features entrepreneurs from 111 cities which talks about the breadth of wealth created.

This accretion in wealth happened at a time when the pandemic has created an unprecedented crisis. India is witnessing themes like rising wealth creation in Tier 2 and Tier 3 cities and wealth preservation dominating investment decisions at this point of time.