Its important to know your net woorth while planning your personal finance.
You must keep tab of how much you have and how much you own to others be it the government in the form of taxes or loans from banks or other financial institution.
If you have the same question as I do of "How much is too much?", there is no straigh forward answer. However if you are an Indian Citizen, the wealth distribution matrix below will give you a fair idea on where you stand.
The wealth is never equally distributed. Its a result of various attributes including some which you cannot control.
here is the wealth distributioon data for India(as on 2020)
|Wealth Bracket||% of Population||Approx Count (Adult 18+)|
|More than Rs. 7.5 Cr||0.05%||Around 7 Lac people|
|Rs. 75 lac to 7.5 Cr||0.11%||Around 1.5 Cr people|
|Rs. 7 lac to 75 lac||13.97%||Around 19 Cr people|
|less than 7 lac||52.21%||Around 71 Cr people|