A game of Wealth Migration: Israel, Australia, New Zealand & Singapore to witness millionaires coming in

The net HNWI inflows are on the rise in Israel, with a figure of 2,500 forecast for 2022. This is being seen as a significant increase of 79% since 2019.

New Delhi: The Net Hnwi Inflows are on the rise in Israel, with a figure of 2,500 forecast for 2022. This is being seen as a significant increase of 79% since 2019.

Long-term high performer Australia consistently attracts large numbers of HNWIs. New World Wealth estimates that over 80,000 US dollar millionaires have moved to the country over the past 20 years. In 2022, the net inflow is expected to be 3,500 — the second-highest globally. Neighboring New Zealand is expected to receive a net inflow of 800 HNWIs in 2022, and Asia’s prime hub of affluence, Singapore, continues to attract millionaires, with net inflows of 2,800 expected — a prolific 87% increase compared to 2019’s figure of 1,500.

The founder and international bestselling author of FutureMap, Dr Parag Khanna says, “Globalization is not dead — and certainly not from the perspective of Asia, where inward capital flows are rising on the back of a post-Covid reopening and genuine investments across the region in productive capacity. With multiple factory floors, multi-trillion-dollar economies, rapid urbanization, a rising middle class, and surging technological penetration, Asia’s continued ascent remains the major economic story of our age.”