The exodus of the Russian rich

More than 15,000 millionaires are expected to leave Russia this year as wealthy citizens turn their back on Vladimir Putin’s regime after the invasion of Ukraine, according to an analysis of migration data.

About 15 percent of Russians with more than $ 1 million in assets are expected to emigrate to other countries by the end of 2022, according to projects based on migration data by Henley & Partners, a London-based firm acting as an intermediary between super-rich and the countries that sell their citizenship.

„Russia is bleeding millionaires”, said Andrew Amoils, head of New World Wealth’s research department, which compiled data for Henley.

„Wealthy people have emigrated from Russia in ever-increasing numbers every year over the past decade, a sign of early warning of the country’s current problems.

Historically, a country’s major collapses have usually been preceded by an acceleration of the emigration of rich people, who are often the first to leave because they have the means to do so”.

Ukraine is expected to suffer the largest loss of net worth (HNWI) as a proportion of its population, with 2,800 millionaires (or 42% of all HNWIs in Ukraine) leaving the country by the end of the year.

Traditionally, the richest people in the world have moved to the United States and the United Kingdom, but Henley said he expects the United Arab Emirates to surpass them as the number one destination for millionaire emigrants.

„Britain has lost its country-rich aura, and the US is becoming less attractive to the world’s rich in the context of war, and the United Arab Emirates is expected to overtake them by attracting the largest net inflows of millionaires globally. in 2022, „Henley said in his report, which is based on” systematic tracking of international private wealth migration trends”.

About 4,000 millionaires are expected to move to the UAE by the end of the year, ahead of Australia, which is expected to attract about 3,500, Singapore (2,800) and Israel (2,500).

A large number of millionaires are also expected to move to Malta, Mauritius and Monaco.

Die Welt: Avioanele oligarhilor ruși continuă să zboare prin UE, în ciuda sancțiunilor


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