Australia is now the No.1 destination for the world’s millionaire migrants, by Chris Pash, Business Insider, 28 February 2017.

An edited extract of the original article is reproduced below.

The world’s millionaires are on the move, and the place they most want to settle is Australia.

New World Wealth, a research company based in South Australia, has just released its annual report on global wealth and wealth migration trends for 2016…

[Related item: The NSW Government will host a Business and Investor Migration road show in Hanoi & HCMC in June 2017. Click here for details.]

It finds global wealth migration is accelerating with 82,000 millionaires, or high net worth individuals, migrating in 2016 compared to 64,000 the year before.

And for the second year in a row Australia is the top country for millionaire inflows, beating traditional destinations such as the US and the UK.

An estimated 11,000 millionaires moved to Australia in 2016 compared to 10,000 to the US and 3,000 to the UK…

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