Summary:
A record number of millionaires are expected to relocate in 2024, driven by factors such as tax policy changes and a desire for improved living standards, with Monaco being one of the top destinations.
Full Story:
A record 128,000 millionaires are projected to relocate globally in 2024, representing a 6.6 percent increase from the previous year. The driving forces behind this surge in high-net-worth individuals (HNWIs) seeking new homes include changes in tax policies, favorable market conditions, and a desire for improved living standards. Among the top destinations for these millionaires is Monaco. According to a report by Henley & Partners, Monaco is attracting a significant number of HNWIs looking for a new place to reside. This influx of wealth into Monaco is anticipated to have various implications for the local economy and society.
Source:
news.mc
