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