Rich Indians' Spending Habits


Bangalore: A study by Kotak Wealth and CRISIL Research has come up with the insights into the earnings, investment and spending patterns of India’s Ultra HNIs (high net worth individuals). The study called ‘Top of the Pyramid’ showed that by the end of 2015-16, the net worth of Indian ultra HNIs will grow fivefold to 235 trillion. But have you ever wondered that what these well heeled Indian citizens do with their stashed up cash. Let’s check out.

1. Holidays

A significant fragment of these rich Indians like to spend on exotic vacations, especially abroad. These elites regularly fly off to exotic holiday destinations whenever they need a break. Indian liquor baron Vijay Mallya is well known for his glitzy lifestyle. He is a yacht lover too. He spends his vacations on France. The entire Ambani family had vacationed in Kruger National Park in South Africa in 2010. Kumar Mangalam Birla makes it a point to spend 10 days a year in incredible holiday destinations like London and Switzerland.