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Millionaires are fleeing their homelands - and Australia is their No.1 choice for a new life

From bnnbloomberg.ca

The world's wealthy are increasingly on the move. About 108,000 millionaires migrated across borders last year, a 14 per cent increase from the prior year, and more than double the level in 2013, according to Johannesburg-based New World Wealth. Australia, US and Canada are the top destinations, according to the research firm, while China and Russia are the biggest losers. The UK saw around 3000 millionaires depart last year with Brexit and taxation cited as possible reasons. Wealth migration figures point to present conditions - such as crime, lack of business opportunities or religious tensions - but can also be a ... (full story)

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