This growing trend, which has gained traction on social media platforms like TikTok, centres on frugal habits such as batch cooking, shopping second-hand, and avoiding unnecessary purchases.
Mumbai and Delhi have secured positions among the top 50 wealthiest cities globally. Bengaluru, while not in the top 50, emerges as a promising city to watch with notable millionaire growth.
Tom Corley, author and financial planner, reveals five things that millionaires don't waste their money on.
Henley & Partners published a report on HNIs moving out of their countries. This year India will lose 6,500 millionaires to transnational migration. China tops the list with over 10,000 HNIs moving out. What defines a High Net worth Individual? Why do millionaires move out of the country? How can we compare the numbers with countries moving out in 2022? Watch this video to know more.
Tang Jian is receiving supportive messages on social media for standing strong.
The second edition of the Hurun India Wealth Report 2021 and Hurun Indian Luxury Consumer Survey 2021 were released on February 18.
Why are global millionaires hiding their wealth? Sumaira Abidi explores the benefits of a hot new trend - stealth wealth.
Aggregate global wealth accumulated by households rose by about $28.7 trillion in 2020, according to a Credit Suisse report
The body of Café Coffee Day (CCD) founder VG Siddhartha was found early morning on July 31, ending speculation about his fate.
The number of millionaires may be the highest in the US and China, but that is not where they are growing the fastest! Here is the top-10 list of fastest growing millionaire population.
According to the study, millionaires are those with liquid assets—deposits, mutual funds, stocks and bonds—of at least a million HK dollars.
The number of ultra rich in the country is expected to rech 3,72,000 while the total household income is likely to grow by 7.5 per cent annually to touch USD 7.1 trillion by 2022, the report said.
India's financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of USD 820 billion, says a report.
According to the India 2016 Wealth Report, by New World Wealth, while most countries worldwide have experienced negative or negligible growth since 2007, India has performed “very well†in terms of wealth performance through this period.
According to the Asia Pacific 2016 Wealth Report, by New World Wealth, Tokyo is the top Asia Pacific city for the ultra-rich with 2,64,000 millionaires, while Mumbai and Delhi got featured in the 12th and 20th rank respectively.
Recent data shows that an increasing number of Indians and Pakistanis are opting for the 'golden visa scheme'. This scheme grants British citizenship to any person who invests up to 2 million pounds in British assets
India is likely to produce at least a dozen more billionaires and several new millionaires by 2020 as the country's start-ups scene hots up, fuelled by sectors like e-commerce, financial services and other technology-driven fields, an Assocham study has projected.
Seven Indian cities, including the financial capital Mumbai and political hub Delhi, have been named among Asia Pacific‘ top 20 cities in terms of growth in number of multi-millionaires, a report said.
China's super-rich suffer because of the pressures brought about by their fortunes and are less happy than ordinary millionaires, according to a survey by a leading wealth magazine.
For all the talk of decline in America, here is a stat worth noting: America is expected to add five million millionaires over the next five years.
India is expected to see a substantial jump in the number of millionaires in the next five years as the total tally for the super rich in the country is likely to touch 242,000 by 2017, a report says.
In an exclusive to CNBC-TV18, US attorney for the Southern District, New York Bharara says that insider trading is ‘pervasive‘ in the US and that organisations are not paying enough attention to building the right culture.
The fact that millionaires are stuck in a funk might seem like a bad sign for markets and especially for the luxury economy.
In my experience, lack of financial literacy has been the main reason why people have not made the best use of their money. Their potential to become millionaires has, therefore, unfortunately remained unrealised.