• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Upbeat Economic Outlook issued for China

March 29, 2023

US Becoming a ‘Banana Republic’ – Trump

March 28, 2023

China and Russia Top List of States With Largest Trade Surplus

March 28, 2023
Facebook Twitter Instagram
Trending
  • Upbeat Economic Outlook issued for China
  • US Becoming a ‘Banana Republic’ – Trump
  • China and Russia Top List of States With Largest Trade Surplus
  • China Could be ‘Safe Haven’ Amid Banking Turmoil – Citi
  • The First Australian Soldier has Been Charged Over Afghanistan War Crimes, But those Ultimately Responsible Remain in Command
  • US Democracy ‘a Facade’ – Russian Security Chief
  • How Joe Biden and the CIA Orchestrated the 2014 “Revolution” to Instigate War Between NATO and Russia in Ukraine
  • Washington Seeks Banking Crisis Advice from Warren Buffet – Bloomberg
Wednesday, March 29
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » US No Longer Attracts World’s Rich
Global Issues

US No Longer Attracts World’s Rich

adminBy adminFebruary 20, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

US No Longer Attracts World’s Rich

By RT News

Inflows of high-net-worth individuals dropped dramatically last year, according to Henley & Partners.

America is no longer as tempting a place of residence for the world’s wealthy as it was before the Covid-19 pandemic, a newly released Wealth Report by London-based immigration consultancy Henley & Partners has found.

According to the report, inflows of high-net-worth individuals to the country dropped more than 80% last year compared with pre-pandemic levels. The figure fell to just 1,500 millionaires in 2022, from up to 10,800 between 2013 and 2019. The report states that “the country is losing its luster among migrating millionaires” and “the ‘American Dream’ is now on life-support.”

The report also noted that the countries where the newcomers originate have changed. While previously the majority of applicants for investment migration programs were from “developing nations who had weak passports, with limited visa-free access and low economic mobility,” most of the current newcomers are now from developed countries.

According to analysts, the rich are a bellwether for the health of an economy due to their ability to move around the globe freely, and this provides “an early warning signal into future country trends.” The firm’s data shows that back in 2014 the US had the largest net inflows of individuals whose wealth amounts to $1 million or more. However, in 2022 the country occupied only the 6th place in this rating, falling behind the UAE, Australia, Singapore, Canada and Switzerland.

“People are still coming, but there’s been a big increase in people who are leaving,” Andrew Amoils, head of research at New World Wealth, which assisted in compiling the report, stated.

The report noted that a greater number of wealthy Americans have been moving abroad, “seeking greener pastures abroad at an unprecedented rate,” with some explaining their choice as due to concern over taxes or security. The firm also noted a shift within the country, with smaller cities gaining popularity among wealthy residents, while megapolises like Chicago and New York are seeing large outflows of millionaires.

Despite those trends, the US remains the biggest wealth market worth $65 trillion, with 770 billionaires, 9,630 people worth $100 million or more and 5.3 million high-net-worth individuals, Henley & Partners notes. It is followed by China with $21.7 trillion in private wealth.

Original source: https://www.rt.com/business/571560-us-losing-status-wealth-hub/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Russia Exposes Ukraine’s ‘Brutality’ to Conceal Its ‘Lie’ About NATO Nation Fighters

February 21, 2023

US Gaslighting China and the World with Warnings Against Taiwan Aggression

February 21, 2023

Russia and China have a Stranglehold on Food Security in the World

February 21, 2023

It’s Important That Westerners Understand the Truth Over the Russian Ukraine Issue and Not Be Lied and Tricked Into Supporting the “New World Order” Verse Those Standing Against It

March 1, 2022

ANR Founder Reacts to the Blatant Western Anti-Russian Propaganda and How Dangerous It Is As It Misleads and Deceives So Many

March 1, 2022

The Ukraine Regime Is Bombing Its Own Civilians, Says Mainstream Media Reporters on the Ground, but Mainstream Media, for Some Reason Refuses To Run It

March 1, 2022
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Upbeat Economic Outlook issued for China

By adminMarch 29, 2023

Upbeat Economic Outlook issued for China By RT News S&P Global Ratings forecasts 5.5% GDP…

US Becoming a ‘Banana Republic’ – Trump

March 28, 2023

China and Russia Top List of States With Largest Trade Surplus

March 28, 2023

China Could be ‘Safe Haven’ Amid Banking Turmoil – Citi

March 28, 2023
Our Picks

Upbeat Economic Outlook issued for China

March 29, 2023

US Becoming a ‘Banana Republic’ – Trump

March 28, 2023

China and Russia Top List of States With Largest Trade Surplus

March 28, 2023

China Could be ‘Safe Haven’ Amid Banking Turmoil – Citi

March 28, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.