China to see the world’s biggest millionaire exodus this year, new study shows
Data showed that a net 10,800 high-net-worth individuals migrated out of China in 2022, and another net 13,500 are expected to leave this year.
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Data showed that a net 10,800 high-net-worth individuals migrated out of China in 2022, and another net 13,500 are expected to leave this year.
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The UK is set to lose more millionaires than Russia in 2023, new analysis shows
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Australia is expected to surpass the United Arab Emirates to become the top country to attract inflows of high-net-worth individuals according to a new report from Henley & Partners.
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A new report from consulting firm Henley & Partners forecasts that China will lose 13,500 millionaires this year, twice as many as second-place India.
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Wealthy Indian families prefer Dubai and Singapore to settle, says a Henley migration report
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An estimated 13,500 high-net-worth individuals are predicted to leave China this year
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China is estimated to lose 13,500 high-net-worth individuals with investable wealth of more than US$1 million
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Although the outflow of HNWIs from India is notable, experts believe that it should not be a cause for major concern.
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While the annual exodus of US-dollar millionaires is nothing new for China, the conditions under which they are now leaving are unique and raising red flags
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Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles.
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Nation to see net outflow of 13,500 in 2023: Henley & Partners
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China’s prolonged Covid restrictions and “common prosperity” policy have been cited as reasons for wealthy people leaving the country.
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Sarah Nicklin
sarah.nicklin@henleyglobal.com
+27 21 879 1086
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