More Millionaire Migrants to Australia than anywhere else [infographic]

While money may not buy happiness, it does buy the ultimate flexibility for making financial and lifestyle decisions.

For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.

And more and more are moving to Australia according to a report by New World Wealth,

The Top Five Countries (Net Inflows)

In 2016, Australia was the number one destination for millionaire migrants, with the United States close behind.

	Country	2016	2015	Increase
1	Australia	+11,000	+8,000	38%
2	USA	+10,000	+7,000	43%
3	Canada	+8,000	+5,000	60%
4	UAE	+5,000	+3,000	67%
5	New Zealand	+4,000	+2,000	100%

Courtesy of: Visual Capitalist

HUMAN AND CAPITAL FLIGHT

According to the report by New World Wealth, in 2016, a total of 82,000 millionaire migrants left for greener pastures.

Like most people, millionaires don’t like uncertainty – and they have the wherewithal and conviction to get out of places that have ongoing issues.

The Top Five Countries (Net Outflows):

	Country	2016	2015	Change
1	France	-12,000	-10,000	20%
2	China	-9,000	-9,000	0%
3	Brazil	-8,000	-2,000	300%
4	India	-6,000	-4,000	50%
5	Turkey	-6,000	-1000	500%

About Michael Yardney

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au