The emigration of wealthy Russians from Russia is gaining momentum, and it began after the full-scale invasion of Ukraine by the aggressor country.
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In 2022, 8,500 dollar millionaires left Russia. And in 2023, the outflow is projected at the level of 3 thousand dollar millionaires. The rich are afraid of losing their assets due to a full-scale war. This is evidenced by the data of the study Private Wealth Migration Report 2023 of the British consulting company Henley & Partners.
According to the rating, China occupies the first place in terms of emigration of millionaires, because last year 10,800 wealthy citizens left this country. The outflow of dollar millionaires this year may amount to 13,500 rich people. For China, such an outflow is critical as the growth of the Chinese economy slows down.
India ranks second in terms of emigration of millionaires – last year 7,500 millionaires left it, and this year it is projected at the level of 6,500 people.
Australia, the United Arab Emirates and Singapore remain the most attractive for millionaires.
Recall that in March, the Austrian banking group Raiffeisen Bank International (RBI) began to consider the sale or separation of the Russian Raiffeisenbank. The group as a whole promised to reduce its business activity in Russia.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.