7 — Types of Earners in INDIA.
2 min readDec 31, 2020
What you’ll learn in this article: How to climb up the earning ladder.
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- Super Rich & Wealthy Billionaires — Ultra High net Worth, individuals, whose personal net worth is over- $30 Million or above Rs 1000 Crore.
- Super Rich — Whose annual income is Rs 12 Crores or more. And a net worth of more than 100 Crores. People like : Politicians, actors, cricketers, superstars, big business owners of jewelry shops, multiplexes, big schools fall into this category
- Elite Class — They have an annual income of Rs 1 Crore/year or above. And a total net worth of more than Rs 25 Crores. Most of them are super-specialists like- surgeons, MNC employees, business owners, software engineers, HOD of Institutions.
- Upper Class — 1% of Indians belong to this group. i.e. 1.5 Crore people out of 130 Crores population. They earn around Rs 18–36 Lakhs/year, i.e. Rs 1.5- 3 lakhs/month. And have a net worth of Rs 1–10 Crores.
- Middle Class — More than 50% of the Indian population belongs to this category. They have an income of more than Rs 6 – 8 lakhs/ year, i.e. Rs 50,000/ month. They have a net worth of — Rs 50 lakhs — 1 Crore.
- Lower Class/ Poor Class — They earn Rs 2.5–4 lakhs/year. i.e.- Rs 26,000/month. And their net worth is around Rs 10–25 lakhs.
- Below Poverty Line(BPL) — Life is tough for them, due to lots of bad habits & illiteracy. They earn Rs 50,000/ year i.e. Rs 5000/month on average. and they have no net worth.
- Total Number of Billionaires in India- 102
- Total Billionaires in the World — 2,095.
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