According to Astons, the number of millionaires in the UK has decreased by 14.3% over the past year "This is the sharpest decline among all major economies. Wealthy people are increasingly considering the possibility of moving under the Golden Visa programs to countries with more favorable tax regimes.
The UK is still home to 4.4% of all millionaires in the world (2.6 million people). More only in the USA, China, France, Japan and Germany.However, only in six countries did the number of millionaires decrease, and the decline in the UK was the most significant.Wealth per adult in the UK also decreased by 3%.
Analysts attribute this outflow to large-scale changes in UK tax legislation, including an increase in capital gains tax, changes in inheritance tax, and major reforms for non-residents.
The wealth of some of the country's remaining "superhighters" has fallen below the 1 million pound mark due to changes in tax legislation.
At the same time, the number of millionaires in the world is growing.In the USA, China and Spain, there is an increase in the wealth of millionaires: in the USA, the average level of wealth increased by 9.9%, and in Spain by 3.6%.
The fastest growth in the number of millionaires was observed in emerging markets: Mexico (+20.3%), Brazil (+13.8%) and Russia (+11.6%).
Source: Business Standard
