India to have 26,000 ultra-wealthy families and $1.3-$1.5tn wealth transfer
India is on track to have about 26,000 ultra-wealthy families by 2030, up from 16,000 in 2025.
A new report says this surge comes with a massive $1.3 to $1.5 trillion wealth transfer expected over the next decade.
Family offices have grown to more than 300 entities managing over $30 billion in assets, and India trails only the US and China in adding new members to the list of ultra-high-net-worth individuals.
Next gen invests in startups
More than half of Indian family offices now include millennials or Gen Z in their investment decisions.
About 30% of these next-generation investors are putting money into startups, especially in health tech, fintech, and AI.
As Rinkoo Somani, group chief financial officer at Dani Family office, puts it, families are getting more professional about how they handle their money, focusing on smart investments and better governance to keep up with global trends.