The international flow of millioniares: Pete Wargent
According to Time Magazine, second citizenships are very popular among the wealthy of the world.
But where do they choose to move to?
Net inflow of millionaires 2000 to 2014
UK - 125,000
US - 52,000
Singapore - 46,000
Australia - 35,000
Hong Kong - 29.000
UAE - 18,000
Source; Time Magazine
Some of these locations will remain popular due to their favourable tax legislation.
Others will become more sought after due to them being desirable places to live.
I expect to see Australia moving up this list, particularly becoming a country of choice for with the wealthy of Asia.
We even have a visa system which encourages this.
Where would you move to, if you could live anywhere?
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.
His latest book is Four Green Houses and a Red Hotel.