Mapping Global Millionaire Migration Patterns In 2024 - normal? telling?
(www.zerohedge.com)
Comments (3)
sorted by:
I guess for me the biggest surprise in the chart is the large number leaving Britain. I wonder what policies is driving that exodus? ...high taxes? ...immigration?
Any Brit-anons here who could explain that?
This graphic, via Visual Capitalist's Marcus Lu, shows the top 10 countries projected to have the highest net inflows or net outflows of HNWIs in 2024. HNWIs have a liquid investable wealth of $1 million or more. All figures come from the Henley Private Wealth Migration Report 2024.
China saw the world’s biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024.
Similarly, the UK is expected to lose 9,500 millionaires this year, on top of the 16,500 millionaires it lost in the previous years.
UAE and then the USA attracted the most... Seeking freedom and free market capitalism seems as usual to be the theme
https://www.henleyglobal.com/newsroom/press-releases/henley-private-wealth-migration-report-2024
Dominic Volek, Group Head of Private Clients at Henley & Partners, says 2024 is shaping up to be a watershed moment in the global migration of wealth. “An unprecedented 128,000 millionaires are expected to relocate worldwide this year, eclipsing the previous record of 120,000 set in 2023. As the world grapples with a perfect storm of geopolitical tensions, economic uncertainty, and social upheaval, millionaires are voting with their feet in record numbers. In many respects, this great millionaire migration is a leading indicator, signaling a profound shift in the global landscape and the tectonic plates of wealth and power, with far-reaching implications for the future trajectory of the nations they leave behind or those which they make their new home.”
According to the W15 ranking of the world’s top 15 countries for millionaires published in the report, the number of millionaires in the UK has dropped by 8% over the past decade — while soaring elsewhere. The HNWI population has increased over the last 10 years an astonishing 62% in the USA.