India's billionaire club is growing—and set for a big handover
India now has 188 billionaires, according to the latest UBS report.
But here's the twist: a huge $382 billion is expected to be passed down to heirs over the next 15 years, as several of these billionaires are now over 70.
It's the biggest wealth transfer in South and East Asia, implying how India's richest families are preparing for a new generation.
Billionaire trends: Tech boom, new faces, and global moves
Globally, billionaire wealth has jumped to $15.8 trillion thanks to tech innovation and a surge in self-made fortunes—196 new self-made billionaires popped up this year alone in fields like AI and crypto.
Interestingly, most billionaires (82%) want their kids to build their own careers instead of just inheriting it all.
Plus, about one-third of billionaires have relocated at least once for quality of life, tax efficiency, or geopolitical safety—showing just how mobile this ultra-rich crowd can be.