Trends To Note
August 19, 2017 Leave a comment
Among Chinese millionaires with a net worth of more than $1.5 million, half either plan to or are considering moving abroad.
The U.S. remains the most popular destination for wealthy Chinese moving their families and fortunes abroad. Canada ranks second, overtaking the U.K., which had ranked second but now ranks third. Australia comes in at fourth.
The favorite city for wealthy Chinese moving to the U.S. is Los Angeles, while Seattle ranks second followed by San Francisco. New York ranked fourth. Read more of this post
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Since 2000, over 61,000 high net worth individuals – all dollar millionaires – have relocated outside India. The millionaires who left India vastly outnumber the number of people declaring incomes above Rs 1 crore annually – just about 43,000.
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