Millionaire Exodus!

Millionaires are leaving the UK faster than any country in the world other than China, new data shows.

According to the Henley Private Wealth Migration Report, 9,500 millionaires, defined in US dollar terms are leaving the UK this year. Only China - which has more than twice as many people with seven-figure net worths - saw more millionaires leave.

This is a new record outflow for the UK, with London expected to be especially hard hit. The top destinations for millionaires leaving the UK include Paris, Dubai, Amsterdam, Monaco, Geneva, Sydney, and Singapore, as well as retirement hotspots such as Florida, the Algarve, Malta, and the Italian Riviera.”

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[Kalarandir]

My biggest takeaway is that the uber-rich want everything a stable government can provide but don't want to pay for it.

[PotsandPansWhatsPotsandPans]

Your content is so not my thing but your delivery keeps me coming back. I’m educated against my will. The financial and economic info, I mean. I originally found your channel while looking for rap news.

[NonBinary_Star]

its ok to blink Patrick, we come in peace

[edbardoe]

I thought it was touching that you expressed the idea that politicians should follow a logical approach to issues.

[juicymelodic]

I don't think millionaires from Zimbabwe were taken into account.

[EEVblog]

Everyone who owns a home in Sydney is a millionaire.

[cbyrne]

It's funny to think that when I was a kid the concept of a millionaire felt so out of reach. Now though due to house price rises and inflation basically anyone over the age of 65 in major cities who owns their home is likely a millionaire.

[jjj]

It is quite telling how Canada is attracting such large numbers of millionaires and yet the educated young middle class wants to move abroad and poor people are struggling

[MTerrance]

Over 20 years ago I worked in India for a few years. While there one of the locals I worked with had relocated back to India (Bangalore) recently. I asked him what it was like, making that move back to India (having been born and raised in India). His reply was (I thought) hilarious: "I can find all of the luxuries and none of the necessities." Stories about people who were retiring back to India and then re-emigrating within a year or two were not uncommon.

[aidan]

I think a lot of people in the comments missed that he said liquid million. Helps to contextualize the rest of the video

[nottera]

You can see at 5:50 that Portugal receives 800 millionaires while Brazil looses 800. I suspect a big deal of that is of retirees, Brazilians consider Portugal a great place for retirement: it’s cheap, same language and there’s no income tax for retirees whose income comes from Brazil

[reasonablespeculation]

a million isn't what it used to be

[mat]

I just love how you constantly drop "the plain bagel" posing on a luxury car 😅

[element]

I really appreciate these vids for adressing important topics intelligently without repeating the talking points of self appointed media experts.

[jdyn]

Im a hawaiian, Hawaii resident and we have a major immigration issue regarding foriegn corporate conglomerates buying real estate through harmful practices and stealing land from natives. This effecgs landscapes, sacred native lands, burial sites, historical landmarks, and ocean and plant life. Hawaii is full circle of a thriving ecosystem and people but foreign entities are attempting to ruin what makes this place what it is. We will eventually just be land in a body water used as a tourist attraction with just hotels and with no hawaiians

[SirOsisofLiver]

Every time you showed a Canadian, I laughed so hard I almost dropped my axe!
Great video as always!

[zmdeadelius]

Hi Patrick,
I'm not an avid viewer of your channel (although subscribed for a few years), but I wanted to share how pleased I am with the subtle balance between seriousness and humour your videos have reached. I recall there was a period when the video editing was a bit meme-heavy, so it's great you kept improving. And, as usual, greatly insightful talk on your behalf. Thank you very much.

[zzbeasley]

I love Patrick's intelligence, humor and insight and overflow of valuable information. P should lift his eyes to the larger paradoxes of this report on the flight of tender footed millionaires. Their wealth would give them access to the poetical levers in their own countries, assuming that's not the source of their wealth. IN that case what benefits in this regard do they bring to their adopted countries?

[David.Marquez]

It's interesting how the process of immigrating anywhere is trivialized by just coming in with a gigantic bag of cash.

[alcohol-freebeer]

Part of the problem is that younger people can't afford to have kids and many spent a disproportionate amount of time they should be setting down in their 20s going into debt for pretty worthless pieces of paper. Then there's a mad rush to move up the career ladder, pay for a wedding, buy a house and start a family all at once. No wonder so many don't make it into early middle age with all the traditional markers of adulthood, and we have huge issues with slumping birthrates, loneliness etc etc. Immigration can paper over this for a bit, but by the second generation migrants' kids display the same patterns because they face the same issues.