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→Millionaire migration
''See also:'' [[Millionaire migration]]
''See also:'' [[Millionaire migration]]
Approximately 128,000 of the world’s millionaires are projected to migrated to another country in 2024.
Approximately 128,000 of the world’s millionaires are projected to migrated to another country in 2024.<ref>[https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2024/why-millionaire-migration-matters Why Millionaire Migration Matters?]</ref>
According to Henley and Partners:
{{Cquote|The benefits of this [[migration]] of wealth and talent to these countries are wide ranging, and include:
Forex revenue: Migrating millionaires are a vital source of forex revenue as they tend to bring their money with them when they move to a new country. For instance, a migrant who brings USD 10 million with them is equivalent to a country generating USD 10 million in export revenue as both transactions generate USD 10 million of forex revenue for the country.
*New business: Many relocating high-net-worth individuals (around 20%) are entrepreneurs and company founders, who often start businesses in their new country and therefore create local jobs. This percentage rises to over 60% for centi-millionaires and billionaires.
*Stock markets: Millionaires boost the local stock market via their equity investments. Also, some high-net-worth business owners publicly list their companies on the local stock exchange.
*Job creation: Perhaps most importantly, high-net-worth individuals indirectly create thousands of well-paying jobs via their spending power, especially in high-value sectors such as luxury hotels, fine dining, luxury retail, fashion, hi-tech, automotive, prime property, wealth management, and family offices.<ref>[https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2024/why-millionaire-migration-matters Why Millionaire Migration Matters?]</ref>}}
===Impact===
===Impact===