high-net-worth individual (HNWI

A high-net-worth individual (HNWI) is a person with a high net worth.

•  In the private banking business, these individuals typically are defined as having investable finance (financial assets not including primary residence) in excess of US$1 million.

The Merrill Lynch - Capgemini World’s Wealth Report 2009^[

•  defines HNWIs as those who hold at least US$1 million in financial assets and
•  ultra-HNWIs as those who hold at least US$30 million in financial assets, with both
• excluding collectibles, consumables, consumer durables and primary residences.
•  The report states that in 2008 there were 8.6 million HNWIs worldwide, a decline of 14.9% from 2007.
• The total HNWI wealth worldwide totaled US$32.8 trillion, a 19.5% decrease from 2007. The ultra-HNWIs experienced the greater loss, losing 24.6% in population size and 23.9% in accumulated wealth.

ANALYSIS

INDIA - HNI WEALTH INCREASED BY 20 %

WORLD
                         no of individuals                                   HNIWealth

2010]	10.0	39.0
2011[18]	10.9	42.7