According to Global Wealth Migration Review, cities that saw large inflows of high net-worth individuals (HNWIs) include Auckland, Dubai, Montreal, New York, Tel Aviv and Toronto. China and India continue to dominate countries where the rich are moving out of. However, once the standard of living improves, people return to their place. Mumbai — India’s financial hub — is expected to be the fastest-growing city in terms of increase in wealth over the next decade.
GRAPHIC: Rich Europeans fleeing London, Lagos after new taxes
Rich Chinese and Indians opt for the US or Canada, Russians choose the UK and Cyprus
Business Standard Last Updated at February 1, 2018 02:42 IST