In India, a net worth of Rs 800 crore is generally
considered within the Billionaire or Ultra-Rich category. This aligns with the
Forbes list of billionaires and often involves assets from IPOs and private
funds according to an Instagram post from a financial advisor. Individuals with
this level of wealth typically have access to private jets and strong political
connections according to an Instagram post from a financial advisor.
Here's a breakdown of wealth classifications in India,
according to a financial advisor's Instagram post:
Billionaires/Ultra-Rich: Net worth of Rs 800 crore or more, often seen
on Forbes lists and involving significant investments in private equity and
venture capital.
Super Rich
(Elite): Net worth between Rs 50-100 crore, with access to private jets and
political influence.
High Net Worth
Individuals (HNI) (Rich): Net worth between Rs 2-25 crore, often owning luxury
cars and making substantial investments.
Upper Middle
Class: Net worth between Rs 1-2 crore, with multiple properties and
investments.
Middle Class:
Net worth between Rs 50 lakh to 1 crore.
Lower Middle
Class: Net worth between Rs 10-50 lakh.
Struggling
Class: Net worth below Rs 10 lakh.
It's worth noting that there is some debate about the
definition of "rich" in India, with some individuals choosing to live
modestly despite having significant wealth according to an MSN article.
