Over 15 Per Cent Of Super Rich In India Are Aged Under 30, Says Report

The study pointed out that the Make-in-India initiative has helped boost industrial wealth and further contributed 21 per cent to the ultra-high net worth individuals’ (UHNI) economy

More than 15 per cent of the high networth individuals (HNIs) in the country are aged under 30, a recent report said. The study by Anarock Property Consultants found that this ratio of HNIs are majorly dominated by start-up unicorns, IPOs, and tech-driven companies.

The report found that this number is projected to climb by 25 per cent by the end of the decade, reported The Financial Express. Prashant Thakur, Regional Director and Head of Research, Anarock Property Consultants, noted, “A dynamic mix of young entrepreneurs, tech pioneers, and seasoned industrialists driving the expansion in affluent population.”

The study found that 20 per cent of the Indian millionaires are aged under 40. Amongst the HNIs, about 30 per cent credit their wealth to technology, fintech, and start-ups. The study pointed out that the Make-in-India initiative has helped boost industrial wealth and further contributed 21 per cent to the ultra-high net worth individuals’ (UHNI) economy.

Amongst sectors, luxury and commercial real estate accounted for 15 per cent of growth in wealth, while stock markets led to an 18 per cent surge in wealth from equities on a year-on-year (YoY) basis. The report said that about 14 per cent of UHNIs own properties abroad, where Singapore, London, and Dubai are considered as the primary hotspots. The average global property investment surpassed Rs 12 crore in 2024, the study found.

Further, over 37 per cent of Indian HNIs bought a high-end vehicle in 2024, resulting in record sales for brand like Rolls Royce and Porsche. The UHNIs put in an average of Rs 6 crore annually on bespoke vacations, curated experiences, and luxury cruises.

The study found that 25 per cent of Indian UHNIs are diversifying abroad, giving priority to their assets in North America and Europe. More than 40 per cent of the UHNIs have also set up their family offices to manage wealth, succession planning, and philanthropy, the report said.