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As the World’s Wealth Rises, Australia Is the Biggest Winner
Low taxes, pretty beaches lure millionaires to Australia
Australia’s Growing Inequality Fans Surge of Populism
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They’re all going to the land Down Under.
Australia is luring increasing numbers of global millionaires, helping make it one of the fastest growing wealthy nations in the world, according to reports from New World Wealth. The influx may be because of Australia’s superior healthcare system and lower inheritance taxes, its ideal location to do business with Asia, as well as proximity to the South Pacific Islands that allow retired yacht owners to sail away. And, of course, the nation’s pristine beaches.