India is among the top 10 countries witnessing the exit of millionaires. And the top 10 list includes Russia, China, India, Hong Kong, Ukraine, Brazil, the UK, Mexico, Saudi Arabia, and Indonesia.
India is likely to see an outpouring of 8,000 high-income people (HNWI) by 2022, at least 14% over the past three years, indicating the fast-moving migration rate by millions.
According to Global Citizenship Planner Henley and Partners, India is among the 10 countries where the highest HNWI migration is predicted this year.
The top 10 countries that testify to the millionaires traveling are Russia, China, India, Hong Kong, Ukraine, Brazil, the UK, Mexico, Saudi Arabia, and Indonesia.
India is expected to lose about 8,000 HNWI by 2022, an increase of 14% since 2019 when the total loss was 7,000, according to Henley and Partner’s report on citizenship.
No specific country statistics are available for 2020 and 2021 due to Covid-19 closures and travel restrictions.
The silver accruing that India produces far more new millionaires than it has lost through annual migration, adds.
Henley and Partners revealed that they received the highest number of recorded investment inquiries in the first half of 2022 – a 55% increase compared to the previous quarter, which itself broke the record.
The four main nations currently in need are Russians, Indians, Americans, and Brits. For the first time, the people of Ukraine are among the top 10 in the world in terms of asking questions they want to get out of.
Â
Global Scenario
As expected, Russia experienced a massive billion-dollar migration in the last six months, with a total projection of 15,000 by the end of 2022 – 15% larger than its HNWI population and 9,500 over 2019.
The war between Russia and Ukraine also exacerbates the HNWI massacre from Ukraine, which is predicted to lose the highest number in the country’s history – 2,800 million people (42% of its HNWI population) and a total loss of 2,400 over 2019. said the report.
From Hong Kong, the departure of HNWI continues unabated at a slower pace, with a total exit of 3,000 million by 2022 (a 29% decrease compared to 2019). Brazil’s billion-dollar migration is steadily growing with the total outflow of 2,500 HNWI predicted – an increase of 79% compared to 2019.
Relocation of wealth is beginning to hurt China, with a total exit of 10,000 HNWI expected by 2022, says Henley and Partners.
As the global economy grows, the economy of Africa, Latin America, and elsewhere in the Global South is growing a high-income economy. And as the report shows, they will see a significant amount of billions and billions over the next ten years. said the report.
For example, the number of HNWI in Sri Lanka is expected to increase by 90% by 2031, while the growth of millionaires in India and Mauritius is predicted by 80%, and by Chinese by 50%, compared to 20% in the USA and 10% of France. in Germany, Italy, and the UK.
In contrast, the United Arab Emirates has become a hotbed of interest for wealthy investors and is expected to see the highest influx of HNWIs worldwide by 2022, with a forecast of 4,000 – a staggering 208% increase compared to the total entry of 2019 at 1,300 and a an a one. the largest recorded.
The 2022 forecast shows the most volatile environment in the world. By the end of the year, 88,000 million people are expected to relocate to new countries, 22,000 under 2019 when 110,000 relocated, said Juerg Steffen, chief executive of Henley and Partners.
Next year, the largest million migration on record is predicted – 125,000 – as wealthy investors and their families are actively preparing for the new post-COVID world, the upcoming reorganization of global order, and the current threat of climate change as a sustainable base, Steffen said.
