C-Suite Advisory

10,000 Chinese And 7,000 Indian Millionaires Moved Out In 2017

China witnessed the most significant outflow of millionaires globally, with as many as 10,000 super-rich Chinese changed their domicile in 2017, according to the report by New World Wealth.

The second was India with 7,000 ultra-rich Indians shifted overseas in 2017. In 2016, the figure stood at 6,000, while in 2015 as many as 4,000 millionaires moved the base.

India is home to 20,730 multi-millionaires and 119 billionaires (3rd largest in the world).

Chinese high-net-worth-individuals moved to the United States, Canada, and Australia, while Indian super-rich moved to the United States, the United Arab Emirates, Canada, Australia, and New Zealand.

Other countries that witnessed large high-net-worth-individuals (HNIs) outflows include Turkey (6,000), United Kingdom (4,000), France (4,000) and Russian Federation (3,000).

1. China: 10,000 super-rich Chinese changed their domicile in 2017

2. India: 7,000 ultra-rich Indians shifted overseas in 2017

3. Turkey: 6,000 super-rich citizens leaving the country in 2017

4. The United Kingdom (4,000 ultra-rich British moved abroad in 2017)

5. France (4,000 super-rich French citizens shifted overseas in 2017)

6. Russia (3,000 ultra-rich Russian shifted overseas in 2017).

Here are the top 9 most popular destinations for the wealthy:

On the other hand, Australia topped the world with a net inflow of 10,000 high-net-worth-individuals. The second was the United States with 9000.

1. Australia
Net inflow of high-net-worth-individuals: 10,000

2. The United States
Net inflow of high-net-worth-individuals: 9,000

3. Canada
Net inflow of high-net-worth-individuals: 5,000

4. Unites Arab Emirates
Net inflow of high-net-worth-individuals: 5,000

5. The Caribbean
Net inflow of high-net-worth-individuals: 3,000

6. Israel
Net inflow of high-net-worth-individuals: 2,000

7. Switzerland
Net inflow of high-net-worth-individuals: 2,000

8. New Zealand
Net inflow of high-net-worth-individuals: 1,000

9. Singapore
Net inflow of high-net-worth-individuals: 1,000

Here are the world’s top 10 countries by wealth growth (in terms of U.S. dollars):

  1. Vietnam: 210%
  2. China: 198%
  3. Mauritius: 195%
  4. Ethiopia: 190%
  5. India: 160%
  6. Sri Lanka: 133%
  7. Panama: 125%
  8. Uruguay: 117%
  9. Malta: 95%
  10. Indonesia: 92%

The countries saw the greatest wealth decrease over the last ten years (2007-2017):

  1. Venezuela: 48%
  2. Greece: 37%
  3. Italy: 19%
  4. Spain: 19%
  5. Norway: 17%
  6. Portugal: 13%
  7. Netherlands: 12%
  8. France: 11%
  9. Finland: 11%
  10. Egypt: 11%
Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on Google News, Twitter, and Facebook. For media queries, please contact: info@ceoworld.biz
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.