Global stock market gains have changed the ranking of wealthiest countries of the world. The report of New World Wealth has issued a list of wealthiest nations of the world. India occupies the sixth position in this list. The net wealth of the country reaches $8,230 billion. The US is at the top of the list with net wealth of $64,584 billion. China is at the second place with the total wealth of $24,803 billion and Japan occupies the fourth position with $19,522 billion total wealth. Here, it is worth mentioning that this is private wealth owned by all the individuals living in each country.
This wealth includes all their assets less any liabilities they have to pay. The assets include the cash, property, equities, and business interests. This report does not include governmental funds. United Kingdom, Germany, France, Canada, Australia, and Italy are the other countries in the list of top ten.
The report also highlights the best-performing wealth markets of the world. To our joy, India tops the chart because of its best-performing wealth markets in 2017. The net wealth of the country has swelled from $6,584 billion in 2016 to $8,230 billion in 2017. This shows the growth of almost 25 percent. China’s wealth has grown about 22% and the world’s wealth has risen 12% in this period. The world’s wealth is $215 trillion in 2017. It was $192 trillion at the end of 2016.
The total Indian wealth has increased 160% in the last decade. It had reached $8,230 billion in 2017 from $3,165 billion in 2007. The report also shows that there are 3, 30,400 high net worth individuals in the country. The total wealth of each individual is $1 million or more. There are 20,730 multi-millionaires in the country. India is at the 7th position in the list of multi-millionaires in the world.