Terrorism Drives Thousands of Millionaires to Flee Turkey and France

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02/03/2017 14:04 WIB

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5 Countries with the Highest Number of Departing Billionaires in 2016

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5 Countries with the Highest Number of Departing Billionaires in 2016

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France has experienced the largest exodus of high-net-worth individuals. A 2016 New World Wealth report indicates that 12,000 individuals with assets of at least US$1 billion (approximately Rp 13.3 trillion) left France. Several terrorist attacks and interfaith conflicts fueled this migration.

Turkey also saw a similar trend, with 6,000 wealthy individuals leaving due to terrorist attacks and political unrest. Meanwhile, China lost 9,000 millionaires due to economic issues.

In its report, "Global Health Review: Worldwide Wealth and Wealth Migration Trends," New World Wealth stated that approximately 82,000 high-net-worth individuals left their home countries and relocated to other nations in 2016. This represents a 28 percent increase compared to 2015.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."