India one of the nations to have large number of HNIs: Sachin Karpe

Credit Suisse released its Global Wealth Report for 2013 with some surprising insights. Top 1% of the population owns 46% of the global wealth, which indicates a huge disparity in wealth distribution, cites Sachin Karpe.

The two thirds of adults in the world have assets worth less than $10,000 and together account for just 3 percent of global wealth.

Report also said that global wealth will jump a further 40 percent by 2018 to reach $334 trillion. With increasing wealth, the disparity will increase further, Sachin Karpe said, predicting a trend.

The report by Credit Suisse also said that there were 98,700 individuals with net worth exceeding $50 million. More than halof of them stay in US, followed by Europe.  Brazil, Russia, India, and China (BRIC) are each estimated to have around 5,830 such ultra-high net worth individuals. This holds a lot of opportunity for Multi Family Offices in India, said SachinKarpe.