Posted on 06/14/2020 9:53:10 AM PDT by SeekAndFind
The world’s wealthiest people are also the most mobile.
High net worth individuals (HNWIs) – persons with wealth over US$1 million – may decide to pick up and move for a number of reasons. In some cases they are attracted by jurisdictions with more favorable tax laws, or less pollution and crime. Sometimes, they’re simply looking for a change of scenery.
Today’s graphic, using data from the annual Global Wealth Migration Review, maps the migration of the world’s millionaires, and clearly shows which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus.
It’s no secret that China has been a wealth creation machine over the past two decades. Although the country is still making a number of its citizens very wealthy, over 15,000 Chinese HNWIs still chose to migrate to other countries in 2018 – the most significant migration of any country.
Here’s a look at the top countries by HNWI outflows:
| Country | Net Outflow of NHWIs (2018) | % of HNWIs lost |
|---|---|---|
| 🇨🇳 China | 15,000 | 2% |
| 🇷🇺 Russia | 7,000 | 6% |
| 🇮🇳 India | 5,000 | 2% |
| 🇹🇷 Turkey | 4,000 | 10% |
| 🇫🇷 France | 3,000 | 1% |
| 🇬🇧 United Kingdom | 3,000 | 0% |
| 🇧🇷 Brazil | 2,000 | 1% |
| 🇸🇦 Saudi Arabia | 1,000 | 2% |
| 🇮🇩 Indonesia | 1,000 | 2% |
(Excerpt) Read more at visualcapitalist.com ...
| Country | Net Inflow of HNWIs (2018) | % of HNWI Gained |
|---|---|---|
| 🇦🇺 Australia | 12,000 | 3% |
| 🇺🇸 United States | 10,000 | 0% |
| 🇨🇦 Canada | 4,000 | 1% |
| 🇨🇭 Switzerland | 3,000 | 1% |
| 🇦🇪 United Arab Emerates | 2,000 | 2% |
| 🇧🇲 Caribbean* | 2,000 | 3% |
| 🇳🇿 New Zealand | 1,000 | 1% |
| 🇸🇬 Singapore | 1,000 | 0% |
| 🇮🇱 Israel | 1,000 | 1% |
| 🇵🇹 Portugal | 1,000 | 2% |
| 🇬🇷 Greece | 1,000 | 2% |
| 🇪🇸 Spain | 1,000 | 1% |
Figures rounded to nearest 1000. *Bermuda, Cayman Islands, Virgin Islands, St Barts, Antigua, St Kitts & Nevis, etc
Greece, which was one of the worst performing wealth markets of the last decade, is finally seeing a modest inflow of millionaires again.
>>Greece, which was one of the worst performing wealth markets of the last decade, is finally seeing a modest inflow of millionaires again.<<
Probably cheap land and massive incentives.
Very interesting. Thanks for posting.
Looking for Poland.
Premiere urban real estate prices in LA, Seattle, Chicago, and New York City were driven to dizzying heights due to the demand of foreigners looking for a safe place for their wealth. Prices are going to decline steeply because urban real estate is no longer safe, as needed, or desirable.
These cities will be screaming for hard, working decent Americans in Republican states to bail them out.
RE: Prices are going to decline steeply because urban real estate is no longer safe, as needed, or desirable.
The interesting question is — why is money LEAVING the relatively safe cities of China?
What person in China who has accumulated a bit of wealth considers it secure under communist rule? Heretofore the law respected private property rights in the United States. You were not subject to arbitrary arrest or confiscation. Your property was protected. Local governments actually provided credible police, fire protection and sanitation. Sadly none of that is certain in Democratic controlled areas. People act accordingly. Despite Covid, lockdowns and economic recession , the demand for real estate in wealthy suburbs is increasing. Sadly the urban , wealthy Democrats who move in keep their destructive politics. They ultimately weaken the suburbs.
Australia is becoming a Chinese colony.
Hope to a large inflow to GITMO soon!
All urban land in China is government owned.
Rural land is held by communes.
In spite of all the millionaire lefties supposedly leaving America, more millionaire lefties are coming to America than any other countries.
LA and Gay Frisco are among the winners re getting the millionaires fleeing from other countries.
https://www.visualcapitalist.com/wp-content/uploads/2019/04/hnwi-migration-2019-1.png
According to a real high end real estate lady, the unrest in Portland/Oregon had cut down on relocating millionaires from other countries and California to Oregon.
She said any nice coastal towns from Eureka to San Diego were the hottest ‘reloc to’ markets.
The former ChiComs millionaires were #1 followed by the UK and France re leaving their home countries.
Wife and I have already agreed that when we’re retired or ever written out for just going to cruise around the Caribbean and the South Pacific
I don’t see how you beat those two places.
Bright sun. White sand. Crystal Clear blue warm calm ocean
My advice - get an inflatable kayak!!!
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