Reported 10 months ago
According to consulting firm statistics, there will be 15,000 millionaires leaving China to reside in other countries this year. The global millionaire population will see a record migration, with the majority fleeing Mainland China, the UK, and India. Taiwan is estimated to experience a net loss of 400 millionaires, ranking as the 8th most globally. The top three preferred destinations for millionaires to settle in are the United Arab Emirates, the United States, and Singapore. The report by investment consultancy firm Henley shows that Mainland China is expected to have a net outflow of 15,200 millionaires, the highest globally, surpassing last year's 13,800 individuals. The UAE is forecasted to attract 6,700 millionaires, breaking past records, followed by the US and Singapore attracting 3,800 and 3,500 millionaires respectively.
Source: YAHOO