our expectation at this year is 0ur expectation at this year is to see another 13,500 millionaires leave china. are millionaires leave china. are they completely millionaires leave china. are they completely cutting ties titan china? they completely cutting ties titan china? titan china? not at all. as eole titan china? not at all. as people become titan china? not at all. as people become more - titan china? not at all. as - people become more financially independent they do seek what are sometimes called greener pastures returns and there might include a better education for their children access to health and in china possibly case a lot of people do still keep their business there but from a text efficiency perspective of the destinations might be more attractive. destinations might be more attractive- attractive. are they worried about their attractive. are they worried about their truck attractive. are they worried about their truck - attractive. are t
number one in the world of the last few years. under expectation this year is to see another 13,500 millionaires leave china. leave china. are they completely leave china. are they completely cutting i leave china. are they i completely cutting ties leave china. are they - completely cutting ties from china? ., ., . . completely cutting ties from china? ., ., ., ., a china? no, not at all. as peeple china? no, not at all. as people become - china? no, not at all. as people become more - china? no, not at all. as - people become more financially independent they do seek sometimes what are considered greener pastures. reasons for that might include better education for their children, access to healthcare. i think in china s case, as i said, a lot of people do still keep their businesses there, we expect it to sit probably in second place with a500 net inflow of millionaires into the uae and particularly into dubai. . , , dubai. have you seen this migration dubai. have y
investing the money they had originally promised. from new york samira hussain explains. after the ohio town where it is based,it after the ohio town where it is based, it started in 2019 and words heralded by then us president donald trump does company that was bringing back manufacturing. since then it has struggled to make electric shocks, making only a handful. they also blame part of their failures on the taiwanese company foxconn, which says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million, said it was hoping to negotiate a solution to lordstown s financial woes. lordstown is not the only electric truck maker that has been suffering lately, river yealm, but by amazon, has made less cars, trucks, advance that it had expected. it is all a big come down from the electric truck frenzy that had wall street investors just a few years ago. that is samira hussain in new york. in other news t
bit of mobility? that s exactly it. as i said, you bit of mobility? that s exactly it. as i said, you don t - bit of mobility? that s exactly it. as i said, you don t need l it. as i said, you don t need to live outside the factory door anymore. to live outside the factory dooranymore. nothing more to live outside the factory door anymore. nothing more and more have realised that and of course there are a lot of options available and a lot of these countries have what we refer to is investment migration programmes, where you can, if you are financially independent, you can acquire residence or citizenship in multiple countries and so a lot of millionaires are now taking advantage of that. in of millionaires are now taking advantage of that. advantage of that. in other news this advantage of that. in other news this morning, - advantage of that. in other news this morning, us - advantage of that. in other. news this morning, us judge advantage of that. in other- news this morning,
interestingly, expected in 2023 will be uk, which continues to see a brexit of sorts of wealthy individuals looking to relocate to other destinations. dominic, how much of this is maybe after covid we realise we don t need to be in an office, we can move to indonesia or somewhere else? are these millionaires just wooed by the fact of having a bit of mobility? fact of having a bit of mobili ? . , , fact of having a bit of mobili ? . , q mobility? that s exactly it. as i said, mobility? that s exactly it. as i said. you mobility? that s exactly it. as i said, you don t mobility? that s exactly it. as i said, you don t need - mobility? that s exactly it. as i said, you don t need to - mobility? that s exactly it. as i said, you don t need to live | i said, you don t need to live outside the factory door anymore, so think more and people have realised that and of course there are a lot of options available and a lot of these countries have what we refer to as investment migration pr