The number of rich people in India is increasing rapidly. There has been a tremendous jump in the number of millionaires in recent years. Especially since 2021, the number of millionaire families has increased by about 90%. This means that the number of people who were rich before, their number has now increased more than double.
According to the Mercedes-Benz Hurun India Wealth Report 2025, the total assets in India have increased from 4.58 lakhs to 8.71 lakhs from 4.58 lakhs.
Stock market and new businesses get a boost!
This report also states that Millionaire in India The percentage of families has now increased to 0.31% of the entire families, which was only 0.17% in 2021. The story of this rapidly growing property shows the strength of Indian economic development. Especially between 2017 and 2025, the number of families with property was seen to be 445%, which has been possible due to profit in the stock market, development of new businesses and economic progress of states.
Hub of millionaires
Talking about states, Maharashtra is at the forefront. The assets of more than 1.78 lakh families here are at least Rs 8.5 crore. Mumbai alone has become the millionaire capital of India, where 1.42 lakh millionaire families live. After this comes the number of Delhi, where there are 79,800 millionaire families. Tamil Nadu is also not far behind, 72,600 millionaire families live here.
Rapid growing big cities
After Delhi in Bengaluru too Millionaires The number of is increasing rapidly. There are now about 31,600 millionaire families in Bengaluru. Apart from this, cities like Ahmedabad, Pune, Hyderabad and Gurugram are also becoming increasingly emerging economic centers, where the number of millionaires is increasing day by day. This city is also becoming the new centers of economic prosperity.
Future expectations and challenges
Hurun India founder Anas Rahman Juned says that prosperity in India is increasing rapidly. Although the number of millionaires of India is less than countries like China or America, but the increasing number of here tells the big story of India’s development. The report estimated that in the coming ten years, the number of millionaires in India can reach between 17 lakh to 20 lakhs.
Nevertheless, this growth will be mainly in moderate -level millionaires. In 2017, only 5% millionaires were in the ultra-high-net-world bracket with assets above Rs 100 crore, and the number of billionaires was very less 0.01%.