Maharashtra has 56K millionaire households; highest in India

TIL Desk/Business/Mumbai/ With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. These states together account for 46 per cent of the 4.12-lakh millionaire households in the country.

According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most number of billionaires annually.

A household having an annual income of more than $1 million is considered as a dollar-millionaire household. Maharashtra — which has the highest GSDP among all the states contributing around 16 per cent of national GDP — has 56,000 dollar-millionaire households last year. Between FY13 and FY19, the economy has been growing annually at 6.9 per cent and the state is also home to 247 richest individuals.