Global Millionaire Migration: China, India, and UAE in Focus.
TL;DR
China is expected to see a net loss of 13,500 millionaires in 2023, up from 10,800 in 2022, as the post-COVID economic rebound fizzles, according to the Henley Private Wealth Migration Report. Meanwhile, the US will see a net gain of 2,100 millionaires, up from 1,500 last year. The report also shows that Australia, the United Arab Emirates, and Singapore are among the top gainers of millionaires. The slowing growth of wealth in China, bans on Huawei technology, and worsening international relations are cited as reasons for the trend.
- Millionaires are fleeing China at a faster pace as the economy fizzles Markets Insider
- China Will Lose the Most Millionaires of Any Country This Year: Report Robb Report
- India To Lose 6,500 Millionaires In 2023 BQ Prime
- China Faces World's Biggest Millionaire Exodus as Economy Slows Bloomberg
- UAE to attract 4,500 millionaires in 2023, mostly from India, UK, Russia, Pakistan Khaleej Times
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