Ultra High Networth Individuals

How to set up a family office abroad? More wealthy Indians want to know

For Indians, Dubai and Singapore are popular destinations. Significantly, Singapore recently opened an agency to welcome family wealth management firms

Philanthropy by India's super rich falls by a third in FY22, says report

The dramatic fall was because contributions by the Azim Premji Foundation dropped by Rs 9,000 cr

Ultra-rich Indians seek residency in Portugal for better healthcare

Apart from investing in housing, Indians are also applying for 'jumbo life and term' insurance covers worth $20 million

Why are India's super wealthy looking abroad for family offices?

RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad

Singer India zooms 43% after promoter offloads 22% stake via block deals

Rare Investments, the investment arm of late Rakesh Jhunjhunwala acquired 4.25 million equity shares or 7.91 per cent stake in Singer India on Tuesday, showed block deal data

Giving back: Techpreneurs reshape philanthropy, one donation at a time

UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore

Ultra HNIs allocate 29% of wealth to buy primary, second homes in 2021

Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards purchase of principal and second housing properties last year, according to Knight Frank.

When regular flights stalled, the well-heeled hired entire aircraft

The scramble for charter air services in the second Covid-19 wave was similar to that seen during the first wave

Indian UHNIs to invest up to $30 bn in tech startups by 2025: Report

The report titled, 'Turning Ideas to Gold', also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period.

Category-III AIFs increasingly forego lock-ins, turn to open-ended schemes

Majority of funds now open for subscription have no lock-in

Succession planning: Will easy to make, but Trust more robust, say experts

UHNIs should make succession planning top priority

Covid influenced 84% of ultra-wealthy Indians to rethink succession plans

The report is by Knight Frank, an international property consultancy firm

India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study

As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years

Ultra-high networth population in India may rise 63% in 5 yrs: Knight Frank

The billionaires club in India, according to Knight Frank, is expected to increase significantly by 43 per cent to 162 by 2025 from the current 113 in 2020

The school dropout who turned the business of managing wealth on its head

The man behind Zerodha has now made a mark catering out to ultra HNIs with a new outfit that takes forward the group's value proposition of transparency

Ultra-HNI count up 6.4% in 2019; India to see 73% rise in 5 years

India ranks 12th and had 5,986 such individuals in 2019, which is likely to reach 10,354 by 2024.

Indian billionaire hiring 12 staff to help daughter study at UK university

The staff will be employed at the family's new luxurious mansion, bought so that the daughter won't have to stay in general student accommodation during her four years at the University

146,000 ultra HNIs in India in FY16: Report

The total wealth of the ultra HNIs, or those with a networth of over Rs 25 cr, grew by five per cent to Rs 1.35 lakh cr