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Millionaires are on the move and many are eyeing Australia

Phil Ruthven |  26 May 2019  |  News

For a growing number of millionaires across the globe, it's a case of take their money and run – to Australia. One in four millionaires in the world plans to emigrate this year and their top destination is Down Under, according to the latest wealth report by international property consultancy Knight Frank.

About 108,000 millionaires left their countries for good in 2018, a 14 per cent increase from the year prior, and more than double the level in 2013, says a survey by global market research group New World Wealth, which reaffirms that Australia is drawing more high-net-worth people than any other country in the world.

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