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The Times of India
The Times of India
Business
PTI

Indian ultra-HNIs put 11% of investable wealth into art, jewellery, classic cars, others

India Knight Frank New Delhi

NEW DELHI: Indian ultra-high net worth individuals (UHNWI), those having net worth of $30 million (about Rs 226 crore) and above, allocated 11 per cent of their investable wealth towards luxury items like art, jewellery, classic cars, watches and handbags, according to Knight Frank.

"11 per cent of the investable wealth of Indian ultra-high net worth individuals (UHNWI) is allocated towards passion led investments against the global average of 16 per cent," Knight Frank India said in a statement.

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