The flight of the millionaires
Published: 12/Jul/2015
Source: The Citizen
South Africa has seen a net outflow of 8 000 dollar millionaires over the last fifteen years.
According to a new study from LIO Global and New World Wealth, this is among the largest migrations of high net worth individuals (HNWI) away from any country over this period.
The study compares the listed domiciles of a sample of about 60 000 dollar millionaires from 2000 with the same sample in 2014. It then extrapolates movements from those changes.
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