The Migratory Patterns of Millionaires

Migration Blog Post

The Migratory Patterns of Millionaires

A handy chart from Visual Capitalist, based on the findings of the 2016 New World Wealth Migration Report, illustrates that the wealthy go where they feel welcomed, safe and free, and leave behind jurisdictions that fail to protect them, exploit them for tax revenue and target them for being rich. Economic depression, civil unrest and political de-liberalization also contribute to the millionaire exodus.

Some key findings:

  • 82,000 millionaires, up 28% from 2015, moved to a new country last year.
  • The biggest net loss of millionaires was in France (-12,000), China (-9,000), Brazil (-8,000), India (-6,000) and Turkey (-6,000).
  • The greatest net gains were seen in Australia (+11,000), USA (+10,000), Canada (+8,000), United Arab Emirates (+5,000) and New Zealand (+4,000).

It’s worth noting that the winning countries on this list have a few things in common: They all have relatively free economies, they all enjoy political stability and, with the exception of UAE, they are all English-speaking common law jurisdictions.

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