As per Knight Frank’s latest edition of The Wealth Report 2022, what is the…
2021
As per Knight Frank’s latest edition of The Wealth Report 2022, what is the rank of India in terms of most number of billionaires’ population globally in 2021?
- A.
1st
- B.
2nd
- C.
3rd
- D.
4th
- E.
5th
Attempted by 1 students.
Show answer & explanation
Correct answer: C
Concept
Global wealth surveys such as Knight Frank's annual The Wealth Report rank countries by the size of their ultra-wealthy population. A country's billionaire-population rank simply orders nations by how many resident billionaires they have in a given year, with the largest count placed first.
Application
The Wealth Report 2022 (the 16th edition) reports the billionaire population for the year 2021. By billionaire count, the global order that year was:
United States — highest billionaire population (about 748).
China — second highest (about 554).
India — next in line, with about 145 billionaires, an 11% year-on-year rise.
With the United States first and China second, India sits immediately after them, which places India 3rd globally by number of billionaires in 2021.
Cross-check
India is ahead of the remaining countries in the list but behind the United States and China, so it cannot be 1st or 2nd, and it is not pushed down to 4th or 5th by any other nation — confirming the 3rd-place position reported by Knight Frank.