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Friday, April 1st, 2016

France: Exodus of 10,000 millionaires amid rising Muslim tensions

Author:     Ananya Roy
Source:     International Business Times
Publication Date:     March 31, 2016 11:41 BST
 Link: France: Exodus of 10,000 millionaires amid rising Muslim tensions
Stephan:   In 2005 I began writing about the migrations I could see coming, both from climate change and social disruption. As you can see in news every day this is happening. The story the media is talking about  is mostly about the masses of displaced Muslims. But that is only half the story. I said that one of the effects would be that those with the greatest means could and would leave, and go someplace where they felt safer. Here is the proof of that prediction as it is playing out in France. Note particularly the prominence of New Zealand as a destination. This is an important trend; it is going to transform that country, as it will transform the countries these rich migrants are leaving.
Religious tensions post Paris attacks are on the rise in France leading to millionaire exodus. Credit: Reuters

Religious tensions post Paris attacks are on the rise in France leading to millionaire exodus.
Credit: Reuters

PARIS — Rising tensions in France, especially in Paris following a series of Islamist terrorist attacks in 2015, have spurred an exodus of its super-wealthy citizens, a new report on migration trends of millionaires and high-net worth individuals across the world reveals. The report warns that other European countries, including the UK, Belgium, Germany and Sweden “where religious tensions are starting to emerge”, will also see similar trends.

Regarding a Brexit, the report suggests millionaires would want to stay in Britain even if it leaves the single currency bloc.

The report was compiled by New World Wealth, an agency that gives information on the global wealth sector. The report was based on data collected from investor visa programme statistics of each country; annual interviews with around 800 global high net worth individuals and with intermediaries like migration experts, second citizenship platforms, wealth managers and […]

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