India has the highest number of female millionaires in the world with 16 percent, of Ultra High Networth (UHNW) Women residing in the country having a combined asset of 95 billion US Dollars, World Ultra Wealth report 2013 revealed on Wednesday.
The report, themed 'The World Ultra Wealth report 2013' compiled by global wealth intelligence and prospecting company Wealth-X, revealed that India has over 1,250 UHNW individuals each having net assets worth USD 30 million or above.
It further noted that estimated 103 billionaires reside in India while in the neighboring China this figure stood at 157 billionaires in 2013.
India is home to as many as 7,850 high net worth individuals whose collective net worth is USD 935 billion, the report unveiled.
The Indian city of Bangalore has registered the highest percentage increase in the number of UHNW population, the report said, adding, it is followed by southern city of Chennai which has seen a 4.1 percent increase in this category.
The report pointed out that 90 percent of India's UHNW individuals live in 10 cities which include Kolkata, Hyderabad, Chennai, Ahmedabad, Pune, Gurgaon and Jaipur