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The report was compiled by New World Wealth, an agency that gives information on the global wealth sector.
Anaya Roy reports: Rising tensions in France, especially in Paris following a series of Islamist terrorist attacks in 2015, have spurred an exodus of its super-wealthy citizens, a new report on migration trends of millionaires and high-net worth individuals across the world reveals. The report warns that other European countries, including the UK, Belgium, Germany and Sweden “where religious tensions are starting to emerge”, will also see similar trends.
Regarding a Brexit, the report suggests millionaires would want to stay in Britain even if it leaves the single currency bloc.
The report was compiled by New World Wealth, an agency that gives information on the global wealth sector. The report was based on data collected from investor visa programme statistics of each country; annual interviews with around 800 global high net worth individuals and with intermediaries like migration experts, second citizenship platforms, wealth managers and property agents; data from property registers and property sales statistics in each country; and by tracking millionaire movements in the media.
According to the report, Millionaire migration in 2015, France topped the list of countries with maximum millionaire outflows as it lost 10,000 millionaires, or 3% of its millionaire population. Among the cities that saw maximum millionaire outflow, Paris, was at the top – losing about 6% of its millionaire population or 7,000 millionaires in 2015 to the UK, the US, Canada, Australia and Israel.
“The large outflow of millionaires from France is notable – France is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas. We expect that millionaire migration away from France will accelerate over the next decade as these tensions escalate,” the report warns.
“As for inflows, Australia was the favourite destination with maximum inflows in 2015 – a total of 8,000 new millionaires. The US was ranked second with 7,000 inflows, followed by Canada, Israel, the UAE and New Zealand.”
After France, the list of countries ranked by millionaire outflows includes China ranked second, followed by Italy, India, Greece, the Russian Federation, Spain and Brazil in descending order. Read the rest of this entry »
Estimates predict up to 35 million refugees could head for Europe due to hugely unstable situations across the world.
Speaking as the country begins work on its second fence to stop migrants heading across its border he predicted the current crisis will continue for years.
Mr Szijjártó told the Hungarian Times: “The name of the fence is ‘Temporary Security Border Fence’ but I think there is no question that in this case temporary means years.
“It’s a self delusion to call this situation a migration crisis; it is a massive migration of nations, with inexhaustible reserves.
“I don’t think that the analysis results, stating that 30-35 million people out there could possibly become migrants, would be an exaggeration.
“Libya, Yemen, Syria, Iraq and Afghanistan are all countries with a huge population and an extremely unstable situation.”
The Hungarian government also defended itself from criticism over its fences.
It comes as a ten-year-old migrant boy with a severe lung condition died in Hungary.
His mother and siblings successfully made the journey to Germany but his father stayed behind with the poorly youngster, who was buried on Friday.
The first barrier was put up at its border with Serbia but, after migrants changed their route, they have now begun erecting a 41 kilometre fence at Croatia. Read the rest of this entry »