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How Much Net Worth To Become Top 1% Rich In India? (Your guess is probably wrong! ) - YouTube
Channel: Ayushman Pandita
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What's up, guys?
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Ayushman this side
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Do you know, when I was a kid
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I always used to wonder that if,
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in this world, or scratch that, in this country,
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if I want to be in the top 1% rich people of India,
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then how much money would I need to earn?
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By what age can I become that rich?
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Back then, I did not really have any interest in finance
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To be honest, like every other person,
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I just wanted to be this rich for a high status
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and naturally I forgot about it,
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so I never put in the effort to research over it.
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Recently, the world inequality report 2022 was published
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and it revealed a lot of shocking facts about India that you should know.
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First of all, top 1% people
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of India hold 22% of the total national income of our country.
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Which means, that approximately
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1/4th or 25 percent wealth of our country
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resides with the top 1% people of India.
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This gets more drastic
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when it comes to the top 10% rich people of India,
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Top 10% people of India hold 57% of total national income of the country.
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Which tells us that more than half of the wealth of our country
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resides with top 10% of India's rich people.
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In contrast, if I talk about the bottom 50% of our population,
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their total wealth only amounts to around 13% of our national income.
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It's that low.
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After reading this report, I was definitely shocked,
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but it got me thinking again.
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If I want to be in the top 1% rich people of India,
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what should my net worth amount to?
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And this is what we will find out in today's video.
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Before moving ahead,
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if you also want to be in the top 1% rich people then press that like button.
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And if you haven't subscribed to the channel yet, then subscribe!
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Alright, so coming back to the topic
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Let's find out that if you want to be in India's
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top 50%, top 10%, top 5% or top 1% of rich people,
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what should your individual net worth amount to.
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According to Credit Suisse Global Wealth Databook,
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if you want to be in the top 50% rich people of India,
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your net worth should be around 3,194 dollars i.e. 2.4 lakh rupees or more.
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Whereas, on the other hand,
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if you want to be in India's top 10% rich people,
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your net worth should be around 22,476 dollars
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i.e. approximately 17 Lakh rupees or more.
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So, moving on ,if you want to be in the top 5% rich people of India,
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your net worth should be around 45,909 dollars
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i.e. approximately 33 lakh rupees or more.
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And finally, let's move to the most awaited category
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we've all been wondering about, the top 1% rich people of India.
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if you want to be in the top 1% rich people of India,
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your net worth should be around 150 thousand dollars
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i.e. approximately 1.1 crore rupees or more.
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So if your net worth is more than 1.1 crore rupees,
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you're amongst the top 1% rich people of India.
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And this credit Suisse databook pointed out another very interesting thing,
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that the wealth of these 1% people
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represents around 40.5% of India's total wealth.
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In other words, India's 40% wealth resides with these 1% people of India.
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Another shocking statistic was that
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the wealth of top 5% of rich people
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is more than the total of the remaining 95% of the population.
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The wealth of the bottom 95% population combined
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is less than the top 5% rich people.
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So, till now we spoke of facts and numbers,
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that if you want to be in top rich people of India,
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what your net worth should amount to,
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but now let's talk about and understand
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how an average Indian and the top 1 percent rich people
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save and invest their money differently.
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And believe me,
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this is the most important part of this entire video.
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Simply because if you want to be in the top 1% rich Indians,
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you need to understand where do the rich people
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invest their money and what do they actually do with their money
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Let's start with India's super rich
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Wealth report 2020 survey reports that super rich Indian's
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put 20% of their investment in property or real estate,
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Invest approximately 30% in equities i.e. stock market,
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21% in bonds and fixed income,
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1% in cryptocurrencies,
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7% in gold and as you can see,
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little amount in other assets as well.
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The important note here
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is that the super rich people's maximum investment
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is invested in financial assets rather than physical assets.
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Financial assets are stock market, cryptocurrencies or debt bonds
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whereas physical assets are like real estate, gold, some precious metal or cash that you hold.
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If we compare this to how an average Indian
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saves or invests his money,
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you will see that he/she puts 76.9% of their wealth in real estate,
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6.5% in durable goods like a car, tv etc.,
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11% in gold,
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only 2.9% in financial assets like debt funds, stock market, cryptocurrency, mutual fund
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and 2.6% in pension
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Keep in mind that this 76.9% of wealth in real estate or property,
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in maximum cases, is their own house,
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which can hardly be counted as an investment.
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Simply because they live there and don't get any returns from it.
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The important difference that you can see here
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is that the super rich invest in financial assets like stock market
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Definitely, they do invest some amount in physical assets too.
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Whereas an average Indian,
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invests their money mostly in physical assets
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like real estate or gold and very low amount of investment in financial assets.
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And because the wealth of an average Indian
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is mostly in physical assets or assets with no returns,
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their wealth doesn't increase in the long term.
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It increases at a very mediocre level.
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The super rich, the intelligent ones,
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invest in financial assets,
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where they would get consistent and good returns.
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And thus, in the long run they're able to earn a lot of wealth
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Now, I'm going to show you,
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that it is pretty easy to be in top 1% rich people of India,
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if you, in a patient and disciplined manner,
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keep investing little amounts in assets.
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Let's say, you're in the age group of 20-25,
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And your goal is to be in top 1% rich people in the next 20years.
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Like I said previously also, as of 2021,
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if you want to be in the top 1% rich Indians,
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your net worth should be around 1.1 crore rupees or more.
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Let's take this number as a reference,
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to see how much money you should have
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after 20 years to be in top 1% rich Indians.
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Let's assume that inflation would be 5% at an average for the next 20 years.
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So after 20 years, this 1.1 crore would turn into 2.9 crores.
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In other words,
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your net worth should be around 2.9 crores or more after 20 years,
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to be in the top 1% rich Indians.
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Don't freak out just yet
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at the thought that 2.9 crores is a lot of money,
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where would I get such a large amount.
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Don't worry, I'm here to help.
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I'm going to show you
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how with patience and discipline
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and only a small amount of investment consistently,
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you can be in top 1% of rich Indians.
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Let's switch to the screen to see this.
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We're gonna use an SIP calculator here
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and I am assuming that you're investing only 30,000 rupees every month.
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Don't worry, if you don't have that amount, I come bearing solutions
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But assuming that you're investing 30,000 monthly,
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and since you're young and have 20 years,
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you can afford to invest in riskier assets like stock market,
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so I'm taking a return of 12%.
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Which is a very realistic return if you're invested for the longer run.
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Finally, I'm assuming your investment time is 20 years.
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So with these assumptions, after 20 years,
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you would have a net worth of 2.99 crores which is more than 2.9 crores
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So if you follow this strategy with discipline,
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twenty years from today, you would be in the top 1% rich people of India.
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But I understand, a lot of us are extremely young
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and we don't earn so much to be able to save or invest 30,000 every month
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and you don't really need to do that.
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Start with only 15,000 rupees as investment
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And invest in such a way that you increase your investment
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by only 10% every year.
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That is invest 15,000 this year and 16,500 the next year.
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Your amount increases yearly not monthly.
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So 15,000 monthly for a year, then 16,500 monthly the next year and so on.
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Let's assume your return is 12% with a tenure of 20 years.
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After 20 years, you can see your net worth is around 2.91 crore rupees,
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which will once again put you in the top 1% rich people of India.
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To be honest, the super rich know this one thing
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that an average investor or an average Indian is not aware of,
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that we have to be consistent and disciplined with out investment.
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And I showed it to you,
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that only in 20 years and with just a small amount,
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you can be amongst the top 1% rich Indians
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