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Global warming

Competition between countries seeking to attract investment from ?the super rich is heating up. Helen Manis discusses the latest trends ?in high-net-worth immigration

20 January 2012

In a rapidly changing world, the demographics of the ultra-wealthy have shifted from the traditional western economies towards the emerging markets. In 2011, more than half of the new billionaires on the Forbes list of the world’s richest were from the so-called BRIC countries (Brazil, Russia, India and China).

Swiss private banking group Julius Baer’s Asia Wealth Report 2011 predicts that the amount of millionaires (individuals with investable assets of more than $1m) in Asia will grow from 1.16m to 2.82m in 2015. The amount of high-net-worth individuals in China alone is expected to more than double in the next three to four years, rising from 500,000 to 1.4m by 2015.

 

Making waves

 

A BRIC billionaire is younger and more entrepreneurial than his western counterpart. Often ...

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