{"id":504061,"date":"2026-06-17T09:11:30","date_gmt":"2026-06-17T09:11:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/504061\/"},"modified":"2026-06-17T09:11:30","modified_gmt":"2026-06-17T09:11:30","slug":"ultra-rich-americans-are-turning-to-a-40-billion-industry-to-help-them-flee-the-us-heres-where-theyre-going-instead","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/504061\/","title":{"rendered":"Ultra-rich Americans are turning to a $40 billion industry to help them flee the US. Here\u2019s where they’re going instead"},"content":{"rendered":"\n

After five odd years of acute cost of living struggles, increasing political polarization and socio-economic uncertainty, it seems that progressively more Americans are moving abroad, wooed by everything from lower expenses<\/a> and taxation rates<\/a> to nicer weather and a more simple, peaceful existence.<\/p>\n

While the indebted<\/a> have their own reasons for wanting to relocate, it\u2019s the world\u2019s wealthiest<\/a> who increasingly seem to be emigrating from their home nations \u2014 and taking their money with them.<\/p>\n

Must Read <\/p>\n

Last year, executives at Swiss bank UBS spoke of the beginnings of the \u201clargest private wealth migration in history (1),\u201d during which 44% of their billionaire clients under age 55 had moved once or more within the previous 12 months.<\/p>\n

In the last decade, the number of people with a net worth in the millions that moved to another part of the globe has more than doubled (2), with research estimates predicting that 165,000 (2)millionaires worldwide will relocate (and remain there for longer than six months) in 2026, up from 142,000 in 2025.<\/p>\n

While this often translates to economic losses for the country that served as the original home of these individuals, it can mean an economic boost for others involved in the equation \u2014 especially the companies helping to facilitate such a move.<\/p>\n

Immigration is big business <\/p>\n

We don\u2019t need to look far to see that across wealth strata, immigration \u2014 legitimate, but especially illegitimate (3) \u2014 is big business.<\/p>\n

There are, of course, the phony immigration lawyers and consultants (4) who make tens of thousands exploiting people looking to flee to countries like the US, or the groups that accept funds to facilitate relocation by forging, for example, international student documents (5).<\/p>\n

For the ultra-rich who are happy to pay any amount necessary for legal status, though, the \u201cinvestment migration industry,\u201d as it\u2019s been called, is also an enormous one, netting an estimated $40 billion per year (6) for specialty companies.<\/p>\n

These companies, of which there are hundreds (7), offer a variety of services for different steps of the process. They aid Americans and others eyeing places such as Switzerland, Singapore, the UAE, Malta, Monaco, New Zealand, Australia and Mauritius \u2014 the most popular terminuses, known as the \u201csafe haven eight (8)\u201d for their physical, economic and political stability and security.<\/p>\n

The US, though still a top spot for the affluent from elsewhere to move their money, has become the key market for these companies, one expert told (7)The Economist (7) .<\/p>\n

Read More: About 1 in 5 Americans over 50 has zero retirement savings \u2014 here’s the catch-up plan you can actually use<\/a><\/p>\n

Some American locales still hold desirability <\/p>\n

While Canada has fallen out of favour (9) among the well-off, US cities such as Scottsdale, West Palm Beach, the Bay Area, Miami, Washington DC and Austin remain in the top 10 fastest-growing wealth hubs (10) in the world (as far as millionaire growth), at least as of 2024.<\/p>\n

Henley & Partners (8), a leader in \u201cresidence and citizenship planning\u201d and research, says that the primary drivers for high net-worth individuals to relocate domestically or internationally include the aforementioned safety, but also high standards of living, including a low cost of living relative to the ability to make \u2014 and keep \u2014 money.<\/p>\n

The safe eight, the firm says (11), all share \u201cwell-developed and highly regarded banking and wealth management systems,\u201d along with having high quality school and healthcare systems, advantageous tax programs (especially when it comes to capital gains and income taxes), access to business and stock market opportunities and, last but certainly not least, \u201clifestyle factors, including climate, nature and scenery.\u201d<\/p>\n

H&P notes that, as of 2025, Bermuda, the Cayman Islands, Hong Kong, Mauritius, Singapore and the UAE are \u201ctraditionally popular destinations for migrating millionaires, especially for those operating in the financial services sector,\u201d due to their absence of capital gains tax.<\/p>\n

You May Also Like <\/p>\n

Join 250,000+ readers and get Moneywise\u2019s best stories and exclusive interviews first \u2014 clear insights curated and delivered weekly. Subscribe now.<\/a><\/p>\n

Article Sources <\/p>\n

We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines<\/a>.<\/p>\n

CNBC (1<\/a>); Henley & Partners (2<\/a>), (8<\/a>), (10<\/a>), (11<\/a>); U.S. Citizenship and Immigration Services (3<\/a>); Mother Jones (4<\/a>); Inside Higher Ed (5<\/a>); La Voce Di New York (6<\/a>); The Economist (7<\/a>); Better Dwelling (9<\/a>)<\/p>\n

This article originally appeared on Moneywise.com<\/a> under the title: Ultra-rich Americans are turning to a $40 billion industry to help them flee the US. Here\u2019s where they’re going instead<\/a><\/p>\n

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.<\/p>\n","protected":false},"excerpt":{"rendered":"After five odd years of acute cost of living struggles, increasing political polarization and socio-economic uncertainty, it seems…\n","protected":false},"author":2,"featured_media":504062,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,943,113,61,60,7604],"class_list":["post-504061","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-cost-of-living","tag-economy","tag-ie","tag-ireland","tag-robert-kiyosaki"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/504061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=504061"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/504061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/504062"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=504061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=504061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=504061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}