14% of India's ultra-rich are salaried employees: Report

India has the fourth-highest population of ultra-high net worth individuals who are salaried employees

Among India's ultra-high net worth individuals (UHNWIs), 14 per cent are from the salaried employee segment, according to a survey by Knight Frank. The survey added that India has the fourth-highest population of salaried ultra-wealthy persons in the Asia Pacific.

In India, around 56 per cent of the ultra-rich gained their wealth from personal businesses and 14 per cent derived wealth through investment.

As per the survey titled 'Attitudes Survey 2021', Singapore had the highest number of ultra-rich salaried employees, followed by the Philippines, which had 18 per cent and Chinese Mainland, which had 16 per cent. Singapore leads the global list, too.

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The rise in the number of uber-rich salaried employees in India can be largely attributed to India's growth as a key regional and global economy, commented Shishir Baijal, Chairman and MD, Knight Frank India.

"With India being a key market for most countries, we have seen the presence of most conglomerates in India. Significantly, Indians are strong contenders of key executive positions around the world due to high quality of manpower which is leading to the rise of the salaried segment as UHNWI," he said.