Rich Chinese Leaving China

According to LIO Global’s records, 91,000 high net worth individuals from China have settled overseas between over the last 14 years, according to a report by New World Wealth and LIO Global. The report categorizes China’s rich as anyone with net assets of $1 million, not counting their primary residence. LIO Global said most of China’s rich are heading to the U.S., Hong Kong, Singapore and the U.K. These aren’t second home operations, by the way. These are rich people high-tailing it out of China. The number of rich people leaving China was the most among all countries. India came in second with 61,000 people relocating to other parts of the world between 2000 and 2014. France was third with 42,000 outgoing millionaires, followed by 23,000 leaving Italy and 20,000 leaving Russia.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s