4000 Indian millionaires moved overseas in 2015

INVESmillionairesAccording to a report by New World Wealth, in 2015, 4000 millionaires moved overseas and changed their domicile, making Indians the fourth biggest outflow of high net worth individuals. France saw the maximum outflow of uber-rich millionaires as 10,000 left the country.

The report also said the outflows from India and China are not really of much concern as these countries are still producing far more new millionaires than they are losing, and once the standard of living in these countries improves they expect several wealthy people to move back.

In terms of inflows, Australia lead with some 8000 millionaires moving their base there, followed by the US and Canada.