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Here’s a look at the countries with the biggest wealth outflows for high-net-worth individuals (HNWI). The following information comes from a New World Wealth report published in April 2019.
These are the top countries that experienced a high number of HNWI leaving their country in 2018:
Country Number of HNWI Migrating
China 15,000
Russia 7,000
India 5,000
Turkey 4,000
France 3,000
United Kingdom 3,000
Brazil 2,000
Saudi Arabia 1,000
Indonesia 1,000
Other notable countries where more than 100 high-net-worth individuals left their countries in 2018 include:
Nigeria
Venezuela
Ukraine
Egypt
Lebanon
Iran
Top US city destinations for foreign HNWI include:
Los Angeles
- for the report, areas include Malibu all the way down to Laguna Beach
- home to Hollywood entertainment industry
- Alpha
New York
- had the highest number of resident HNWI in the world in 2018 at 377,000
- home to more millionaires and billionaires in 2018 than any other city
- has the world’s two largest stock market exchanges
- Alpha ++
Miami
- largest urban economy in Florida
- nick-named ‘Capital of Latin America’
- Alpha
San Francisco Bay area
- includes Silicon Valley, densest concentration of tech companies in the world
- Alpha –
These U.S. cities are all alpha – level cities or above for 2018, according to Globalization and World Cities Research Network (GaWC), which rates cities based on how integrated they are into the world economy. Alpha ++ is the highest rank.
Other top world destinations include: Australia, United Kingdom, and the United Arab Emirates
A few possible reasons for choosing to move to the United States:
- strong economy
- leading tech industry
- famed entertainment industry
- world-class universities
- diverse climate and nature
- investment opportunities
- stable government
- safety and security
- lifestyle and standard of living improvements
- broader career options
- largest stock market exchanges in the world (NYSE and NASDAQ)
The U.S. had, by far, the highest number of resident billionaires in the world, at 715, in 2018. The second highest, China, had 237 resident billionaires.
One popular way for high-net-worth individuals to immigrate to the U.S. is through the EB-5 Program.
The EB-5 Program is an investor visa program. Foreign nationals who invest $900,000 (USD) in a job-creating new commercial enterprise in a rural or high unemployment area of the USA may qualify for visas for themselves, their spouse and their unmarried children under the age of 21 years.
Investments can also be made into non-rural or non-high unemployment areas, the investment rate, however, will be $1.8 million (USD). Investors also have the choice of how involved they would like to be in the management of their investment. Investors primarily concerned about receiving a green card and do not wish to manage the day to day operations of their investment can invest in the EB-5 Regional Center Program.
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