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China to see biggest millionaire exodus in 2024 as many head to U.S.
(asia.nikkei.com)
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this post was submitted on 01 Jul 2024
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It really depends, millionaire in NYC? Dime a dozen, millionaire in Mexico, NY? They would be able to mess with local politics, screw up the housing market, etc. And I really mean multi- millionaire but that's what I assume would be coming this way from China, not someone with 1-1.5 million, but a couple times that at minimum.
Yeah. I think a lot of people hear Chinese millionaire and think of someone like Jack Ma. The problem in China is that a millionaire can include roles like plant manager and senior designer, people you need to continue developing the economy.