Millionaires are moving countries by the tens of thousands, at an increasing pace each year, according to Henley and Partners’ annual reports on Global Wealth Migration (for the latest iteration, see report). Some countries draw in millionaires, like a rare-earth infused permanent magnet snaps up iron filings: Singapore and the UAE, for example. Some lose their millionaires, like Britain, India and China.It is but natural for dollar millionaires to travel across borders. They can afford to, and many do, for work and pleasure. We are not talking about millions of airmiles being clocked up, but about the wealthy changing their nationality. The reasons vary. Some millionaires from China, one of the major countries from where millionaires flee, move to breathe free. The Communist state crimps their entrepreneurial, as well as their political, freedom.
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