Difference between revisions of "Millionaire migration"
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| − | Approximately 128,000 of the world’s [[millionaire]]s [[migration|migrated]] to another country in 2024. | + | Approximately 128,000 of the world’s [[millionaire]]s [[migration|migrated]] to another country in 2024. |
According to Henley and Partners: | According to Henley and Partners: | ||
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*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. | *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. | + | *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.}} |
== External links == | == External links == | ||
Revision as of 20:30, May 11, 2025
Approximately 128,000 of the world’s millionaires migrated to another country in 2024.
According to Henley and Partners:
| “ | 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.
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External links
- Mapped: Millionaire Migration in 2024, Visual Capitalist