China could be number one in a dubious category this year: The number of wealthy people choosing to live somewhere else.
The country will lose 13,500 individuals with investable wealth of over $1 million this year, projects migration consulting firm Henley & Partners in its “Private Wealth Migration Report” released earlier this week. China will lose more than twice as many millionaires as India, which sits in second place in Henley and Partners’ ranking. Around 10,800 millionaires left China in 2022, and the country has led the world in net outflows of high net-worth individuals for the past decade.
