US to remain world’s ultra-rich hot spot even as India, China surge

NEW DELHI: The US will remain the global hot spot for the world’s super-rich in the near future even as the fortunes of Asia’s wealthy continue to grow, according to research from Boston Consulting Group.
The number of ultra-high-net-worth individuals in the US will increase 36% to about 28,000 in 2025 compared with last year, the firm said in its 2021 Global Wealth Report released Thursday.
China and India should lead percentage growth of fortunes worth $100 million or more for the same period by almost doubling the number of ultra-wealthy individuals to 13,600 and 1,400, respectively, according to the report.

There are currently 60,000 ultra-high-net-worth individuals worldwide with a combined $22 trillion.

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