Millionaires Are Fleeing Paris, Athens, and … Chicago
5th April 2016
And it’s hard to blame them.
Nobody has the ability to vote with his feet like an extremely wealthy person. New World Wealth, a South Africa-based research group that provides statistical information about the behavior of rich people around the world, released a new report that shows how that vote turned out in 2015, looking at which countries and cities are losing millionaires, and to which countries and cities they are moving.
The big winner is Australia. Sydney, Melbourne, and Perth all ranked among the top cities that have been drawing in millionaires.
Turning boat people back and not letting them land is undoubtedly a good part of that.
According to the report, wealthy folks are moving to Australia from other countries like China, the United Kingdom, South Africa, and even the United States. Other big winners are Dubai, Tel Aviv, and Vancouver. In America, big winners were San Francisco and Seattle.
Seattle and San Francisco are great towns in which to be rich. Middle class … not so much.