Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Saturday, 25 July 2015

Where millionaires want to move to

According to Time Magazine, second citizenships are very popular among the wealthy of the world.

But where do they choose to move to?

Net inflow of millionaires 2000 to 2014

UK - 125,000

US - 52,000

Singapore - 46,000

Australia - 35,000

Hong Kong - 29.000

UAE - 18,000

Source; Time Magazine

Some of these locations will remain popular due to their favourable tax legislation.

Others will become more sought after due to them being desirable places to live.

I expect to see Australia moving up this list, particularly becoming a country of choice for with the wealthy of Asia. 

We even have a visa system which encourages this. 

Where would you move to, if you could live anywhere?