Showing posts with label New World Wealth. Show all posts
Showing posts with label New World Wealth. Show all posts

Thursday, 16 May 2019

Brazilian millionaires flee the country

A survey by AfrAsia Bank in partnership with the New World Wealth consultancy pointed out that 1% of Brazilians with more than one million dollars in account left the country in 2018. The reasons for the exodus include concerns about security and economy, as well as search for higher quality education and better professional opportunities. Approximately two thousand millionaires left Brazil in 2018.

In 2019, Australia was the country that received the most immigrant millionaires, were 12 thousand in total.

The richest people in the world are also the most mobile. High-net-worth individuals (HNWIs) – people with wealth in excess of $ 1 million – may decide to migrate and change for a variety of reasons.

In some cases, they are attracted to jurisdictions with more favorable tax laws or criminality, as is the case with Brazilian millionaires.

Is an AI Bubble Next? Comparing Today's Tech Boom to the 2008 Financial Crisis

Recent analyses suggest a potential economic downturn, possibly more severe than the 2008 subprime mortgage crisis, driven by the overvaluat...