Billionaires
Billionaires Emigrating More Frequently Since Covid, UBS Says
- Top relocation spots are Switzerland, UAE, Singapore and US
- China’s common prosperity drive slows global wealth creation
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Billionaires are moving to new countries more frequently since the Covid-19 pandemic began, with top destinations including Switzerland, the UAE, Singapore and the US.
About one of every 15 of the world’s 2,682 billionaires has relocated since 2020, with the Middle East and Africa region attracting the greatest share of the $400 billion in capital they brought with them, according to a report from UBS Group AG released Thursday.