The Daily Digest
Millionaire migration: Where and why rich people are moving out?
Story by Zeleb.es • 2h ago
Moving up, moving out
According to a study by Henley Global Citizens Report, an estimated 88,000 millionaires moved to a new country in 2022.
120,000 millionaires seeking new home bases
Not only that, but the number could be as high as 120,000 millionaires moving out of their countries in 2023.
Reasons to find a new home
Unsurprisingly, many of these millionaires come from conflict zones or currently facing a backlash from the West, such as Russia, Ukraine, and China.
Russia is the biggest loser
The website Migration Policy cites data from the British Minister of Defence, arguing that Russia was the biggest loser of 2022 with a loss of 15,000 millionaires.
Moving to greener, wealthier pastures
However, other countries in the top 10 list of migrating millionaires might be surprising such as India, Brazil, Mexico, and the United Kingdom.
Exit from Brexit
The South China Morning Post highlights that, in the UK’s case, the millionaire outflow began with Brexit and has not stopped.
Some islands off the coast of France
Before that, the British Isles were one of the favorite destinations for millionaires seeking a new home.
From California to New York Island
Bloomberg, on the other hand, claims that the inflow of millionaires to the United States has winded down 80% since pre-pandemic numbers.
Taking a bite out of the big apple
The United States, despite declining numbers of highly affluent immigrants, still gets the number 5 spot with an estimate of 1,500 millionaires.
Going to the promised land
Israel follows the United States, being the new home of 2,500 millionaires.
A little beach house in Singapore
About 2,800 millionaires decided to move to Singapore in 2022.
Moving to Oz
Australia gets the silver, with 3,500 millionaires moving to the island continent. The Guardian claims that a good part of these come from China, India, and the United Kingdom.
Humble abode in Dubai
The United Arab Emirates gets the top of the list with 4,000 new millionaire residents. Forbes claims that a good number of these wealthy migrants are of Russian origin.
Millionaire migration: Where and why rich people are moving out?
Story by Zeleb.es • 2h ago
Moving up, moving out
According to a study by Henley Global Citizens Report, an estimated 88,000 millionaires moved to a new country in 2022.
120,000 millionaires seeking new home bases
Not only that, but the number could be as high as 120,000 millionaires moving out of their countries in 2023.
Reasons to find a new home
Unsurprisingly, many of these millionaires come from conflict zones or currently facing a backlash from the West, such as Russia, Ukraine, and China.
Russia is the biggest loser
The website Migration Policy cites data from the British Minister of Defence, arguing that Russia was the biggest loser of 2022 with a loss of 15,000 millionaires.
Moving to greener, wealthier pastures
However, other countries in the top 10 list of migrating millionaires might be surprising such as India, Brazil, Mexico, and the United Kingdom.
Exit from Brexit
The South China Morning Post highlights that, in the UK’s case, the millionaire outflow began with Brexit and has not stopped.
Some islands off the coast of France
Before that, the British Isles were one of the favorite destinations for millionaires seeking a new home.
From California to New York Island
Bloomberg, on the other hand, claims that the inflow of millionaires to the United States has winded down 80% since pre-pandemic numbers.
Taking a bite out of the big apple
The United States, despite declining numbers of highly affluent immigrants, still gets the number 5 spot with an estimate of 1,500 millionaires.
Going to the promised land
Israel follows the United States, being the new home of 2,500 millionaires.
A little beach house in Singapore
About 2,800 millionaires decided to move to Singapore in 2022.
Moving to Oz
Australia gets the silver, with 3,500 millionaires moving to the island continent. The Guardian claims that a good part of these come from China, India, and the United Kingdom.
Humble abode in Dubai
The United Arab Emirates gets the top of the list with 4,000 new millionaire residents. Forbes claims that a good number of these wealthy migrants are of Russian origin.
2 yr. ago
