A Record Number of Millionaires are Fleeing to These Countries

March 1, 2017, 6:40 PM UTC

As the political climate has begun to shift around the world, many millionaires are packing up and leaving their home countries for greener pastures.

Around 82,000 millionaires opted to migrate to another country in 2016, according to the 2017 Global Wealth Review. The large migration tops 2015, when 64,000 millionaires changed their country of residence, indicating that increased global uncertainty may be prompting the rich to move to places deemed safer, both economically and physically. The United States ranked behind only Australia for the largest gain in millionaire residents last year, adding 10,000 millionaires to Australia’s 11,000. The U.S.’s total is 43% more than the 7,000 it added in 2015.

The list of the countries that added the most millionaires goes as follows:


Melbournians Flock To The Beaches During Heatwave
Melburnians keep cool at Brighton Beach on January 14, 2014 in Melbourne, Australia.Craig Sillitoe Getty Images
Photo by Craig Sillitoe—Getty Images

2016 (millionaire added): 11,000
2015: 8,000

Australia has recently enacted money-for-visa programs, paving the way for easy migration, most notably from China, which is in close proximity and whose millionaires are uneasy about the reach of its government.

United States

2014 TCS New York City Marathon
A general view is seen of the New York City Skyline as participants near the finish line in Central Park during the 2014 TCS New York City Marathon on November 2, 2014 in New York City.Alex Trautwig Getty Images
Photo by Alex Trautwig—Getty Images

2016: 10,000
2015: 7,000

Like Australia, the U.S. offers special visa considerations for those able to pony up the cash, such as the EB-5 program, which requires a $500,000 investment.


The skyline of Montreal, Canada 23 July,
The skyline of Montreal, Canada 23 July, 2005 is shown from Parc Jean-Drapeau.KAREN BLEIER AFP/Getty Images
Photo by KAREN BLEIER AFP—Getty Images

2016: 8,000
2015: 5,000

Although Canada created some headlines in 2014 when it ended a visa program popular with Chinese nationals, the country also offers generous visa programs for the rich on par with what the U.S. offers.

United Arab Emirates

U.A.E National Day Celebrations In Dubai
Firework display on Jumeriah Beach during the annual U.A.E National Day Celebrations on December 03, 2015 in Dubai, United Arab Emirates.Photo by Helen Boast—Getty Images
Photo by Helen Boast—Getty Images

2016: 5,000
2015: 3,000

The United Arab Emirates has long been known as a playground for the rich, with the country’s low tax rates and high safety level providing an appealing place for millionaires to call home.

New Zealand

Official Opening Of The 51st New Zealand Parliament
New Zealand flags fly in front of The Beehive during the Commission Opening of Parliament at Parliament on Oct. 20, 2014 in Wellington, New Zealand.Hagen Hopkins Getty Images
Hagen Hopkins Getty Images

2016: 4,000
2015: 2,000

In the same vein as Australia, the U.S., and Canada, New Zealand also makes it easier for the rich to obtain visas so long as they dump a decent chunk of cash into the economy.

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