Millionaires are leaving France more than any country in the world, according to the “Global Health Review: Worldwide Wealth and Wealth Migration Trends” as reported by Market Watch.
Last year, 12,000 millionaires left France compared to 10,000 in 2015, making France the most unpopular country in the world for the rich.
This is despite economic growth in the last quarter, but could be partly due to political change.
In France, far-right party the Front National, lead by Marine Le Pen, saw a rise in popularity following the terrorist attacks that took place in the country in 2016 and 2016. The party takes an extreme conservative approach to immigration and globalisation.
The second least popular country with high-net worth individuals – defined as those with assets over $1 million – is China, with 9,000 millionaires leaving the country in 2016.
However, China's lack of popularity with millionaires has remained unchanged since 2015. Brazil, which saw 8,000 millionaires flee compared to 2,000 in 2015, India, 6,000 compared to 4,000 the year before, and Turkey, 6,000 compared to 2,000 the previous year left, are also among the most unpopular countries with millionaires.
The most popular countries for the superrich
On the other hand, Australia has seen a surge of 3,000 millionaires moving to the country last year, making it the most popular country with high-net worth individuals for the second year in a row.
Although the USA is still popular, 1,000 fewer millionaires moved there in 2016 than Australia. The United Arab Emirates and New Zealand are also extremely popular, with 5,000 and 4,000 more extremely wealthy migrants compared to 2015 respectively.
Last year, there were 13.6 million high-net-worth individuals with a common wealth of $69 trillion globally, according to Market Watch.
