Hyderabad: India is witnessing a sharp surge in wealth creation, with the number of ultra-high-net-worth individuals (UHNWIs) projected to reach 25,217 by 2031 and the billionaire count expected to touch 313, according to Knight Frank's The Wealth Report 2026 released on Thursday.

The Wealth Report 2026 highlights a "dramatic acceleration" in global wealth creation despite geopolitical uncertainties, rising interest rates, and uneven economic growthWhat does Wealth Report say?India's ultra-high-net-worth individuals (UHNWIs) projected to reach 25,217 by 2031Billionaire count expected to rise to 313 by 2031. Billionaires in India increased 58% in five years, reaching 207 in 2026.India ranks 3rd globally after the United States (914) and China (485).India is now the 6th largest UHNWI market globally.UHNW population grew 63% (2021-2026) to 19,877.Expected to grow another 27% by 2031Global UHNWI population rose to 713,626 in 2026 from 551,435 in 2021. Mumbai accounts for 35.4% of India's UHNWI population.Mumbai's prime property prices increased 8.7%, ranking 10th globally (from 21st).Global expensive markets include Monaco, Hong Kong, Geneva.Indian cities like Delhi, Bengaluru, Hyderabad, and Chennai offer larger spaces for similar value.