The rich have fled Russia and more than 15,000 millionaires (15% of the country’s ultra-rich population) are expected to leave this year.

• According to the Henley Global Citizens Report, more than 15,000 millionaires are expected to flee Russia in 2022.

• The number of rich people leaving Russia this year is expected to triple in 2019.

• The largest destination for wealthy individuals fleeing Russia is the United Arab Emirates.

More than 15,000 millionaires are expected to leave Russia this year as the rich flee the Putin administration as sanctions on the war in Ukraine are wiped out, according to a report released Monday.

Expected outflows account for 15% of Russia’s millionaire pool, nearly three times the 5,500 millionaires who left Russia in 2019. Henry Global Citizens Report. The report is informative Includes official immigration data and real estate purchases by millionaires.

Russia is a “bleeding millionaire,” wrote Andrew Amoiles, principal investigator. New world wealth, It worked with Henley & Partners, a London-based residence and citizenship advisory firm.

“Wealthy individuals have migrated from Russia in steadily increasing numbers each year over the past decade, which is a sign of early warning of the current problems facing the country,” Amoiles added. .. “Historically, the collapse of major nations has usually been preceded by accelerated migration of wealthy people. They often leave first because they have the means to do so.”

Russia received full sanctions after the invasion of Ukraine on February 24, leaving some of the wealthiest.Some oligarchs have escaped DubaiWhere they are in a hurry for real estate, Observer reported March.

Overall, the UAE has “became a focus of intense interest among wealthy investors” and is the biggest winner as it is expected that around 4,000 millionaires from around the world will gather in the country in 2022. Is expected to be. According to Amoils, net inflows in 2019 will exceed 1,300%. The United Arab Emirates attracted about 1,000 millionaires a year before the pandemic.

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Amoils believes that the UAE’s popularity is due to its position as an international business hub and competitive tax rates.

Ukraine is also expected to lose millionaires, with a record 2,800 people leaving the country this year, according to immigration reports. This represents 42% of Ukraine’s millionaire population, and as Amoiles wrote, “it is difficult to know if these millionaires will return to Ukraine after the end of the war. Many of them are in other Europe. You may be allowed to live in a country. “

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