Billionaire Boom

India has become a leading hub for wealth creation in the Asia-Pacific region, with billionaire wealth soaring 42% year-over-year in 2024 to $905.6 billion. Now ranked third globally in total billionaire wealth, India’s rise reflects its rapid economic transformation driven by family enterprises and reforms.

Across APAC, billionaire wealth reached $3,803.5 billion in 2024, up slightly from $3,735.3 billion in 2023, while the number of billionaires dropped from 1,019 to 981, brokerage firm UBS reported. This mixed performance underscores the diverse economic and regulatory landscape across the region. Here’s a look at how each country in the region performed: