The Ultra-Wealthy Are Looking Away From the US To Invest Their Money
The ultra-wealthy in the U.S. are increasingly seeking investment opportunities abroad despite the country's status as a wealth hub. A report indicates that a significant portion of foreign-born ultra-high-net-worth individuals are diversifying their residencies and assets internationally. This shift is driven by economic uncertainties and changing tax regimes, prompting a more global approach to wealth management.
- ▪The U.S. is home to 40% of the world's ultra-rich, totaling approximately 221,800 individuals.
- ▪Foreign-born ultra-high-net-worth individuals are looking to diversify their investments and residencies outside the U.S.
- ▪The global wealth held by ultra-high-net-worth individuals is projected to rise from $63 trillion to $84 trillion by 2030.
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By Giulia CarbonaroSenior Housing ReporterShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.The U.S. has the largest concentration of billionaires and millionaires in the world, according to the latest data, but the ultrarich are increasingly looking elsewhere for better, safer opportunities.Forty percent of all the global ultrarich, some 221,800 individuals, call the U.S. their home, according to a new report by the financial advisory firm Arton Capital, making the country the world's dominant wealth hub.
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