While money may not buy happiness, it does buy the ultimate flexibility for making financial and lifestyle decisions.
For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.
And more and more are moving to Australia according to a report by New World Wealth,
The Top Five Countries (Net Inflows)
In 2016, Australia was the number one destination for millionaire migrants, with the United States close behind.
| Country | 2016 | 2015 | Increase | |
|---|---|---|---|---|
| 1 | Australia | +11,000 | +8,000 | 38% |
| 2 | USA | +10,000 | +7,000 | 43% |
| 3 | Canada | +8,000 | +5,000 | 60% |
| 4 | UAE | +5,000 | +3,000 | 67% |
| 5 | New Zealand | +4,000 | +2,000 | 100% |
Courtesy of: Visual Capitalist
HUMAN AND CAPITAL FLIGHT
According to the report by New World Wealth, in 2016, a total of 82,000 millionaire migrants left for greener pastures.
Like most people, millionaires don’t like uncertainty – and they have the wherewithal and conviction to get out of places that have ongoing issues.
The Top Five Countries (Net Outflows):
| Country | 2016 | 2015 | Change | |
|---|---|---|---|---|
| 1 | France | -12,000 | -10,000 | 20% |
| 2 | China | -9,000 | -9,000 | 0% |
| 3 | Brazil | -8,000 | -2,000 | 300% |
| 4 | India | -6,000 | -4,000 | 50% |
| 5 | Turkey | -6,000 | -1000 | 500% |
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