Chennai has around 160 ultra-high-net-worth individuals (UHNWIs) and the ultra-wealthy population in the city is expected to increase by 65.6% to 264 by the year 2026, according to Knight Frank’s The Wealth Report 2022. From 97 in 2016 to 160 in 2021, Chennai has been the fourth fastest growing city in terms of UHNWIs.
As per Knight Frank, a UHNWI is someone with a net worth of US$30 million or more, including their primary residence while high-net-worth individuals are someone with a net worth of US$1 million or more, including their primary residence.
