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):
- Vietnam: 210%
- China: 198%
- Mauritius: 195%
- Ethiopia: 190%
- India: 160%
- Sri Lanka: 133%
- Panama: 125%
- Uruguay: 117%
- Malta: 95%
- Indonesia: 92%
The countries saw the greatest wealth decrease over the last ten years (2007-2017):
- Venezuela: 48%
- Greece: 37%
- Italy: 19%
- Spain: 19%
- Norway: 17%
- Portugal: 13%
- Netherlands: 12%
- France: 11%
- Finland: 11%
- Egypt: 11%
