Where millionaires are moving: Australia tops the list

http://money.cnn.com/2017/02/21/pf/millionaires-moving-migration-australia-france/\

I am not sure if this has been posted before but it is quite interesting. This may well mean strong performance for property growth in Sydney for several years to come. If the rich move into a particular area, the middle class usually follow albeit they may not receive the same media attention.

 

Wow thats a pretty big net loss for France - would be interesting to know how much the terror attacks would have impacted that result and the economy.

 

millionaires usually want the same things everyone else wants - safe stable political, economic, social environment with solid investment opportunities which ticks above inflation - not to mention a credible and reliable way of conducting business

is it any wonder with the recent global events that more and more migration (HNW or otherwise) are coming to Australia! especially as immigration policy in Aus is very welcoming

truly are very lucky to live in this country - can't understand where all the whinging is coming from in the mainstream

 

C

Correct.. And this is further evidence that a boom is on its way for Brisbane

 

Aren't WE the millionaires in Australia?

 

And.... I'm a millionaire because of the (Sydney) property market... with this boom.... multiple properties each going up $1k per week..... it doesn't have to keep booming now either.
But a friend just bought her first property.... so I'd like it to keep going up.

 

Were not all property managers ya know !

 

Very interesting. Aussies are now very wealthy in the scheme of things...
As the World’s Wealth Rises, Australia Is the Biggest Winner

 

Apparently still happening as Millionaires leave Russia, China, and India for the UAE, Singapore, and Australia

 

This is fascinating illustration.

HK's figures are huge but I wonder if this is a result of expats moving back or if it is in fact new immigration.

Australia showing huge figures relative to the population size.

Singapore is a mother interesting one - anyone know what has created the influx?

 

Australia's nice and far from the crap blighting Europe....so seen as a safe haven from conflict zones IMHO.

Singapore's a great place to live (for the loaded).

The US's numbers are relatively low, probably thanks to Trump and the disintegrating moral/moderate base.

 

Update 2022

https://adamfayed.com/9-countries-where-millionaires-are-moving-to-in-2022

 

OK, what about billionaires by country

No surprises China USA

Billionaires by Country 2022

 

Very cool chart - not surprised Australia and other similar developed countries will be influx of fairly well off individuals.
Its also not the cheapest country to live, so it can be hard for the bottom quartile of developing nation people (often lacking opportunities here) to move to countries like Australia. I.e. the middle class and upwards of those countries have greater migration opportunity access.

 

Almost anyone who owns a small apartment of 70sqm is already a millionaire in Australian standard. So, over there you need to be at least an 100-millionnaire to be of any significance

 

10% of Australians are millionaires. I think it's the highest % of all countries.

The HNWI in the chart I reckon are mostly quite a bit more than 1m usd in net worth.

As for the US most HNWI will be likely moving away from the decadence and crime rates to safer places like Dubai, and some Australia where it's not yet as bad.
As for Trump I reckon he kept them there for 4 more years and keeping others who think he'll be back.

 

HK doesn't have the same financial hub status it once did, largely due to China and made worse with COVID restrictions recently. A lot of expats moving to Singapore.

 

Singapore has been attracting high value migrants long before this survey, largely due to low tax, stability in politics, currency and society, and good access to investment opportunities. Great for hiding wealth too.

 

Billionaire investors are nice, but having a few more plumbers and sparkies would be nicer

 

Australia’s 50 Richest People
looking at top 10 Australian Billionaire list, only one of them would be a second generation billionaire, all the rest are either self made, or transformed the family business