8000 Millionaires Left India: Millionaires continue to leave the country, India's number is after China and Russia

Posted on 29th Nov 2022 by rohit kumar

The decrease in the speed of the rich leaving the country during the Corona period has once again intensified. High net-worth individuals with a net worth of one million dollars or more are again showing interest in leaving the country. In the year 2022, Russia, China, and India are the top 3 countries to lose the richest. The millionaires of these countries have migrated the most. While 15,000 millionaires migrated from China during this period, 10,000 millionaires migrated from Russia. 8000 millionaires have migrated from India so far this year. This has been revealed in the report of Global Consultant Henley & Partners.

 

In a way, while Indian industrialists are increasing in the list of the world's top rich, a large number of Indian nobles are also getting disenchanted with the country. According to the report of Henley and Partner published in Business Insider, millionaires from many countries including India are leaving their countries and giving priority to settling in other countries. However, it has also been said in the report that after the standard of living in the country improves, these rich people who left the country can return to their country again.

 

According to the report, apart from Russia, China and India, millionaires have also migrated from countries like Hong Kong SAR, Ukraine, Brazil, Mexico, the UK, Saudi Arabia, and Indonesia. Their number is increasing continuously. According to the report, by the end of 2022, 42 percent of people may migrate from Ukraine, a country facing the brunt of war with Russia.

 

According to the report of Henley & Partners, in the year 2022 so far, about 88,000 high-net-worth people from all the countries of the world have chosen to settle in other countries. Apart from India-Russia and China, 3000 people from Hong Kong and 2800 millionaires from Ukraine have left the country. 1500 people of Britain have left the country, it is number seven on the list. On the other hand, among the countries where millionaires are looking for their new abode, UAE, Singapore, and Australia are on top. According to the report, out of the millionaires who left their country, 4000 people have settled in UAE this year, 3500 in Australia, and 2800 in Singapore.

 

Also Read: Global Recession: India is different from the possibility of a global recession, there is a possibility of strong growth in employment

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