Millionaire Exodus!

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Published 2024-06-21
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Millionaires are leaving the UK faster than any country in the world other than China, new data shows.

According to the Henley Private Wealth Migration Report, 9,500 millionaires, defined in US dollar terms are leaving the UK this year. Only China - which has more than twice as many people with seven-figure net worths - saw more millionaires leave.

This is a new record outflow for the UK, with London expected to be especially hard hit. The top destinations for millionaires leaving the UK include Paris, Dubai, Amsterdam, Monaco, Geneva, Sydney, and Singapore, as well as retirement hotspots such as Florida, the Algarve, Malta, and the Italian Riviera.”

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All Comments (21)
  • @juicymelodic
    I don't think millionaires from Zimbabwe were taken into account.
  • @Kalarandir
    My biggest takeaway is that the uber-rich want everything a stable government can provide but don't want to pay for it.
  • Your content is so not my thing but your delivery keeps me coming back. I’m educated against my will. The financial and economic info, I mean. I originally found your channel while looking for rap news.
  • @edbardoe2195
    I thought it was touching that you expressed the idea that politicians should follow a logical approach to issues.
  • @jjj8317
    It is quite telling how Canada is attracting such large numbers of millionaires and yet the educated young middle class wants to move abroad and poor people are struggling
  • @cbyrne08
    It's funny to think that when I was a kid the concept of a millionaire felt so out of reach. Now though due to house price rises and inflation basically anyone over the age of 65 in major cities who owns their home is likely a millionaire.
  • My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
  • Every time you showed a Canadian, I laughed so hard I almost dropped my axe! Great video as always!
  • @EEVblog2
    Everyone who owns a home in Sydney is a millionaire.
  • @mat3714
    I just love how you constantly drop "the plain bagel" posing on a luxury car 😅
  • @aidan5256
    I think a lot of people in the comments missed that he said liquid million. Helps to contextualize the rest of the video
  • @jdyn8691
    Im a hawaiian, Hawaii resident and we have a major immigration issue regarding foriegn corporate conglomerates buying real estate through harmful practices and stealing land from natives. This effecgs landscapes, sacred native lands, burial sites, historical landmarks, and ocean and plant life. Hawaii is full circle of a thriving ecosystem and people but foreign entities are attempting to ruin what makes this place what it is. We will eventually just be land in a body water used as a tourist attraction with just hotels and with no hawaiians
  • @MTerrance
    Over 20 years ago I worked in India for a few years. While there one of the locals I worked with had relocated back to India (Bangalore) recently. I asked him what it was like, making that move back to India (having been born and raised in India). His reply was (I thought) hilarious: "I can find all of the luxuries and none of the necessities." Stories about people who were retiring back to India and then re-emigrating within a year or two were not uncommon.
  • @nottera
    You can see at 5:50 that Portugal receives 800 millionaires while Brazil looses 800. I suspect a big deal of that is of retirees, Brazilians consider Portugal a great place for retirement: it’s cheap, same language and there’s no income tax for retirees whose income comes from Brazil
  • @Hk7762Tube
    They all probably use Temu, that's the big secret!
  • Millionaire migration to the UAE is probably because it’s easier to run a crime syndicate from there.
  • @Brayness
    Good choice using that BagelButts NFT scammer to represent Canadian millionaires