“In that case, India might top the charts soon — real estate prices are skyrocketing, and in rural areas, large land holdings are passed down generations without ever being sold. Wealth here isn’t always liquid, but it’s definitely substantial!” one user commented. Becoming a dollar millionaire in India is an extraordinary achievement, says financial planner D Muthukrishnan. He argues that reaching a net worth of $1 million (around ₹8.7 crore, excluding primary residence) places individuals in an elite financial bracket. Sharing his perspective on X (formerly Twitter), Muthukrishnan compared India’s wealth landscape with two of the richest nations in the world — Singapore and Switzerland. “I’ve been to Singapore many times. They have a population of 6 million people, out of which 0.3 million are dollar millionaires. This is 5% of the population. Becoming a dollar millionaire is an aspirational goal for many Singaporeans. It is a sign of achievement,” he wrote. If you're a dollar millionaires (Rs.8.7 crores networth not including primary residence), it is really an achievement. I've been to Singapore many times. They have a population of 6 million people. Out of which, 0.3 million are dollar millionaires. This is 5% of the population.… — D.Muthukrishnan […]