Money Moves! Where the World's Millionaires Moved in 2018
Millionaires are making money moves and waltzing out of certain countries and moving into others.????The well-heeled crowd headed Down Under, to the United States and Canada.????On the flip side, China, India and Russia lost a bunch of millionaires last year.????Take it from a new report from New World Wealth.????About 108,000 millionaires moved to a new country in 2018.????Bloomberg says that’s a 14% increase from the year before.????Australia took in more most high-net-worth individuals than any other country, 12,000.????Financial experts say it’s because of its low crime rate, growing economy, good climate and no inheritance tax.????Coming in second place, the United States, which housed about 10,000 new millionaires.????Fox Business says most headed to New York City, Los Angeles, Miami and the San Francisco Bay area.????Other millionaires went up north to Canada.????About 4,000 of them.????But religious tensions, taxes and crime rates made others pack their bags.????But China lost a bunch of big spenders in 2018, 15,000 of them.????But New World Wealth says it doesn’t really matter because more millionaires are being made in China than are leaving.????7,000 folks with deep pockets left Russia.????Taking third place was India.????The country said goodbye to 5,000 millionaires.????While foreign banks said hello to the new money!
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