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Sunday 24 July 2022

Wealth leaves BRICs

High net worth movements

Henley's latest Global Citizens Report projects a large outflow of high net worth individuals from Russia, India, China, and now Hong Kong and Ukraine.


Source: Henley

The main  beneficiaries will be the UAE and Australia, forming part of a broader trend to shift wealth, once acquired, from Russia, China, and India. 


Over the next decade, Henley projects an increase of 80 per cent in India's high net worth individuals.


Australia currently has a wealth per capita of US$250,980, and around 400,000 US$ millionaires, with 38 billionaires. 


Source: Henley