China Set to Lose a Record 15,000 Millionaires in 2024: Report

Published on June 21, 2024

A record number of millionaires are projected to leave communist China this year, a development that could impact the country’s already struggling economy, according to a new report. China is on track to lose approximately 15,200 millionaires in 2024, more than any other nation in the world and eclipsing the country’s previous record of 13,800 set in 2023, according to a June 18 report by Henley & Partners, a British investment immigration consultancy. The traditional top destinations for wealthy Chinese seeking a better life include the United States, Canada, and Singapore. In recent years, however, a growing number of affluent Chinese have been considering Japan....

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