India's Billionaires Rise to 188; $382.4B Wealth Transfer Looms

Business
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News18•07-12-2025, 16:48
India's Billionaires Rise to 188; $382.4B Wealth Transfer Looms
- •India's billionaire count increased to 188, according to the UBS Billionaire Ambitions Report 2025.
- •India is set for a massive wealth transfer of nearly USD 382.4 billion to heirs over the next 15 years, the highest in South & East Asia.
- •Inheritance-driven wealth will play a significant role in India due to many billionaires aged 70 and above.
- •Globally, billionaire wealth reached a new record of USD 15.8 trillion, with 196 new self-made billionaires driven by diverse sectors.
- •A global trend shows 82% of billionaires want their children to build independent careers rather than solely relying on inherited wealth.
Why It Matters: India's future economy will be shaped by an unprecedented wealth transfer.
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