by BiteCode_dev on 11/25/23, 5:00 PM
Given the size of the country and taxing situation, 2100 seems low for the US, and 1000 very high for France.
Must say something about the quality of life.
by p1esk on 11/25/23, 3:54 PM
Not clear how they determine “net worth” in countries like Russia. Many rich individuals there make money through corruption and the money are being hidden in various ways.
by churchill on 11/25/23, 5:14 PM
In Singapore's case, I'd say it's because of a strong commitment to free markets, zero capital controls (like, zero), and a long-running history of respecting private property. That's how they got rich in the first place and that's what makes them attractive to HNWIs who want a location where their assets won't be seized at a bureaucrat's whim.
After you've acquired generational wealth, your next concern naturally turns to protecting it so that it can't be confiscated at will.
I've forgotten the circumstance, but sometime in the 1980s (or 90s, not sure) during a particularly serious oil crises, the Singaporean government went out of their way not to seize/buy off/requisition the stock/reserves owned by refineries and oil companies operating out of Singapore. That culture of respecting private property unless the cash has a serious criminal connection is one of the biggest differences between countries losing/attracting millionaires.
by ilrwbwrkhv on 11/25/23, 6:07 PM
I understand people leaving the other countries but the UK has fallen so low that people are leaving it too like it is a Brics country.
by foobarian on 11/25/23, 4:40 PM
Wonder what is up with the UAE or Singapore. They are such small countries.
by kvonhorn on 11/25/23, 6:38 PM
I wouldn't have guessed Australia to be at the top of this list. What am I missing?
by mikewarot on 11/25/23, 4:43 PM
Given the imminent (<10 years) collapse of Xi's China, it's unsurprising that they top the charts in people with means fleeing. We'll be discussing/dealing with the ripples of that for decades. It is sad that so many lives will be lost in the famine that results.
by wooque on 11/25/23, 10:17 PM
Surprised by Greece. Do they have some tax breaks for millionaires?
by blibble on 11/25/23, 4:19 PM
$1M is now high net worth?
by holoduke on 11/25/23, 5:00 PM
Is a negative number a good thing or a bad thing? Maybe its a good thing and the country managed to equalize wealth more. Unlikely, but maybe.