The Migration of Money

As the world turns, money also moves from place to place. Well, I mean wealth. There was an interesting report a year ago showing the statistics of wealth moving about the world.

While not completely detailed with cause and effect and all, it is a 30 thousand foot view anyway of the movement among wealthy people of different categories. And a report about the supper rich and billionaires. This was for 2016, so I wonder what it is this year?

There were some surprises. Interesting trends.

Among countries losing millionaires(in their definition) by migration between 2015-2016 are: France, China, Brazil, India, and Turkey. In that order of loss.

The countries gaining millionaires by migration are: Australia, US, Canada, UAE, and New Zealand. Australia in the lead and the US second.

A total 41,000 leaving those countries, and a total of 38,000 moving to the gain countries.

The wealthiest places in the world ranked as having the most millionaires by region: Asia-Pacific 5.1, all North America 4.8, Europe 4.2, Middle East 0.6, Latin America 0.5, Africa 0.2.(the place with the diamonds?)

Existing wealth of billionaires by region: Asia-Pacific had 590 billionaires, US had 540 billionaires, Europe had 489 billionaires, according to Forbes in 2016.

See links in this order.
http://www.marketwatch.com/story/this-country-is-no-1-for-millionaire-migrants-and-its-not-the-us-2017-02-27?mod=MW_story_top_stories

http://www.marketwatch.com/story/for-the-first-time-america-is-no-longer-no-1-for-super-rich-2016-06-23

Key Ref: https://www.worldwealthreport.com/

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2 comments on “The Migration of Money

  1. Peppermint says:

    Interesting statistics Bull. Yeah I wonder what the problem is with Africa and all those diamonds. Maybe they ran out. LOL!

    Liked by 1 person

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