Super Rich

European and Asian super rich are gobbling up real estate

European and Asian ultra high networth individuals (UHNWIs, or the super rich) hold by far the biggest share of all privately-owned real estate, together accounting for almost 80 percent by value, according to a new report by real estate services firm Savills and wealth intelligence provider Wealth-X.<br /><br />

Wealth report: India has more super-rich women than other BRICS

In all this gloom and doom, here's something for at least some people to cheer about: India has over 1,250 ultra high net worth women (UHNW) - those with net assets worth $30 million or above - with a combined fortune of $95 billion.<br /><br />

Soaking the rich? Coming, 35% tax on super wealthy

The grim economic scenario is likely to ring in a taxing time for the super rich as the government is planning to introduce new tax slab of 35 percent on Rs 10 crore or more earnings.<br /><br />

Dilapidated bungalows in Lutyens' Delhi costlier than NY condos

Must read: How the Swiss are turning against the super-rich

Parts of the country are also considering scrapping the tax breaks that have lured wealthy foreigners such as Formula One driver Michael Schumacher, and Switzerland's richest man, Ingvar Kamprad, the Swedish founder of Ikea

Widen tax base, super-rich should pay more: economists to FM

During their customary pre-budget interaction with Finance Minister P Chidambaram, they also recommended the introduction of inheritance tax as well as a widening of the tax base to increase revenue and contain fiscal deficit.

Show me the money: India is home to a whopping 14,800 multi-millionaires

For the purposes of this study a millionaire is an individual with net assets of $1 million or more, whilst a multi-millionaire is an individual with net assets of at least $10 million.

Average age of India's super rich 63, 47% are self-made: Study

At 53 years, China's billionaires are the youngest in the world, while the average age of India's super rich people is 63 years, a year older than the global average of 62, says a report.

Budget 2013: How much more can you soak the salaried schmuck?

Only 2.5 percent of all Indians pay taxes, and a big chunk of these include the salaried class who don't have the choice to opt out, unlike their super-rich peers.