India can see the exodus of 8,000 high -value individuals (HNWI) in 2022, at least 14% more than three years ago, showing the faster emigration speed by millionaires.
According to the Global Citizenship Planning firm Henley and Partners, India is one of the 10 countries from which HNWI’s highest emigration is predicted this year.
The top 10 countries watching millionaires who are moving are Russia, China, India, Hong Kong, Ukraine, Brazil, England, Mexico, Saudi Arabia, and Indonesia.
India is expected to suffer a net loss of around 8,000 HNWI in 2022, up 14% since 2019 when the net loss is 7,000,” said Henley and Mitra in a global citizenship report.
There are no special numbers of countries available for 2020 and 2021 due to the locking COVID-19 and travel restrictions.
The silver layer is that India produces new millionaires that are far newer than those losing to emigration every year, he added.
Henley and Mitra revealed that they had received the highest number of investment migration questions in the record in the first quarter of 2022-increased 55% compared to the previous quarter, which itself broke the record.
The four top countries are currently pushing for demand to be Russia, India, America and Britain. For the first, Ukraine is in the top 10 globally “in terms of asking questions to move.
Global scenario
As expected, Russia has experienced the largest emigration of millionaire over the past six months, with an estimated net outflow of 15,000 at the end of 2022 – 15% of the HNWI population and 9,500 more than 2019.
The Russian War with Ukraine “in turn driving a steep surge in HNWI out of Ukraine, which is thought to suffer the highest net loss in the history of the country – 2,800 millionaires (42% of the HNWI population) and 2,400 net loss more than 2019,” the report said.
From Hong Kong, HNWI’s departure continues even with a slower speed, with a projected millionaire outflow of 3,000 in 2022 (a decrease in 29% compared to 2019). The exodus of the Brazilian millionaire increased with a 2,500 HNWI clean outflow that was predicted – up 79% compared to 2019.
Wealth emigration began to hurt China, with a clean exit of 10,000 HNWI which was expected in 2022, said Henley and Mitra.
As economic growth in the world, the economy in Africa, Latin America, and elsewhere in the Global South Global pursue a high -income economy. And as shown by this report, they will see the number of millionaires and billionaires that are more significant in the coming decade, “the report said.
For example, the number of HNWI in Sri Lanka is expected to increase by 90% in 2031, while the growth of millionaires in Indian and Mauritius is estimated at 80%, and China in 50%, compared to 20% in the US and 10% in France, Germany, Italy, and England. “
Conversely, the United Arab Emirates have become the focus of strong interest among rich investors and is expected to see the entry of the highest clean HNWI globally in 2022, with 4,000 estimates – a dramatic increase in 208% versus the net entry in 2019 amounting to 1,300 and one and one and one and one and one and one and one and one and one and one From the biggest record.
Forecast 2022 reflects a very volatile environment throughout the world. At the end of the year, 88,000 millionaires are expected to move to new countries, 22,000 less than in 2019 when 110,000 moved, “said Juerg Steffen, Head of Executive Henley and Mitra.
Next year, the flow of the biggest millionaire migration in the record is estimated to be-125,000-as rich investors and their families really prepare themselves for the new post-Covid world, with the rearrangement of the unknown global order, and there has been a threat of changes Climate as a constant background, “Steffen added.
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