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☆ The world’s most powerful passports for 2024
▼ + stars: | 2024-01-10 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —In a big shakeup of a quarterly ranking of the world’s most powerful passports, an unprecedented six countries are tied in the top spot for the hottest travel documents for 2024. The United States and Canada, meanwhile, are tied in seventh place, along with Hungary, with visa-free access to 188 destinations. “The average number of destinations travelers are able to access visa-free has nearly doubled from 58 in 2006 to 111 in 2024,” says Kaelin. Portugal is at No.4 on the Henley Passport Index and Arton Capital's Passport Index. Arton’s Global Passport Power Rank 2024 puts the United Arab Emirates in the top spot, with a visa-free/visa-on-arrival score of 180.

Persons: Christian, Kaelin, ”, Tamas Gabor, iStockphoto, It’s, Arton Capital’s, Armand Arton, that’s, Arton Organizations: CNN, Henley & Partners, International Air Transport Association, South Korea, United, United Arab Emirates, Henley, United Nations Locations: France, Germany, Italy, Japan, Singapore, Spain, London, Europe, Finland, Sweden, –, Austria, Denmark, Ireland, Netherlands, Belgium, Luxembourg, Norway, Portugal, United Kingdom, Greece, Malta, Switzerland, Australia, New Zealand, Czechia, Poland, United States, Canada, Hungary, United Arab, Afghanistan, Syria, Iraq, Pakistan, Taiwan, Macao, Hong Kong, Kosovo, Palestinian, Territories, Monaco, Albania, South Korea, Czech Republic , New Zealand, Estonia, Lithuania, Latvia, Slovakia, Slovenia, Iceland

☆ A new tiny-home community near San Antonio is raising eyebrows for marketing pint-sized houses for over $140,000
▼ + stars: | 2024-01-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Elm Trails is a nearly finished tiny-home community near San Antonio. AdvertisementA tiny-home community near San Antonio, Texas, is raising eyebrows for marketing pint-sized houses for over $140,000. Elm Trails is the first tiny-home community built by Lennar, a home construction company based in Florida. He also suggested that Elm Trails skeptics don't know what a good property deal is in today's housing market. "Lennar San Antonio is very innovative about how they are thinking."

Persons: —, Rhonda Ober, Ober, I'm, Billy Rojo, Billy, Rojo, Realtor.com, Lennar Organizations: Service, Forbes Locations: San Antonio, San Antonio , Texas, Florida, Texas, Elm Trails, Elm, Henley, South Carolina, Lennar San Antonio

☆ A formfitting blazer and Chelsea boots, or jeans and high-top sneakers? Here's how the 2023 rising stars of VC put together their 'power outfits.'
▼ + stars: | 2023-12-04 | by ( Madeline Renbarger | Ben Bergman | Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

Many of this year's VC rising stars told Business Insider that their go-to power outfits included apparel like tailored sport coats or Chelsea boots, and more casual pieces like hoodies and well-fitting jeans. Very few investors are wearing collared shirts with their jackets, opting instead to pair it with a t- shirt and jeans. Nmachi Jidemna told Business Insider that for her everyday wear, her go-to was "usually a structured blazer with a relaxed pair of jeans." Lori Harvey (left) and Heidi Klum (right) wearing red outfits. Black flowy trousers, black turtleneck, and chunky black boots."

Persons: that's, Laura Bock, Nmachi Jidemna, Javier Grevely, Ralph Lauren, Tobi Coker, Janelle Teng, Patron's Amber Atherton, Jason Yeh, Ashley Paston, Justin Williams, VCs, Mahati Sridhar, Grady Dick, Michelle Farsi, Pear, Vivien Ho, Lori Harvey, Heidi Klum, Valentina Frugiuele, Bauer, Griffin, Luci Fonseca, RTFKT, Brandon Hoffman, JL, Sarah Wu, Emerson, Fiona Huang, Demi Obayomi, Natalie Borowski, Daisy Wolf, Andreessen Horowitz Organizations: Business, Wellington Management, Converse, Seae Ventures, Getty, GV, Nike, Sunset Ventures, Bain Capital Ventures Locations: London, Chelsea

☆ Brad Pitt, Idris Elba and Chris Hemsworth Have Worn Henleys. But Can Only Ripped Guys Pull Them Off?
▼ + stars: | 2023-10-27 | by ( Charlie Teasdale | ) www.wsj.com time to read: 1 min

THE BURLY MEN of Hollywood suit up for red carpets, but when going about their daily lives, many reach for a henley. You know, the collarless shirt that has a handful of buttons down its front and evokes old-fashioned underwear. In recent years Idris Elba, Brad Pitt and all the Chrises (Evans, Hemsworth, Pine and Pratt) have sported this garment, unbuttoned to achieve varying degrees of pectoral exposure. But plenty of mortals like it too. “The henley has a classic, masculine vibe,” said Patrick Burch, founder of Phoenix menswear store Cave & Post Trading Co., adding that fitted ones are a staple for “rugged, in-shape dudes.” According to Harry Hill, 29, a New York writer, podcaster and henley evangelist, a waffle-knit style ranks among the sexiest items a man can wear.

Persons: Idris Elba, Brad Pitt, Evans, Pratt, ”, Patrick Burch, Harry Hill, podcaster Organizations: MEN, Hollywood, henley, Phoenix Locations: Hemsworth, Pine, henley, New York

☆ A Major League Soccer whistleblower's tax-fraud lawsuit against the owner of DC United has been dismissed after law enforcement deemed it 'pointless'
▼ + stars: | 2023-10-17 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

A former lawyer for DC United accused owner Jason Levien of cheating on his taxes. AdvertisementAdvertisementA whistleblower case filed by the former in-house lawyer for Major League Soccer team DC United that accused team owner Jason Levien of cheating on his taxes has been thrown out. AdvertisementAdvertisementIn addition to owning DC United, Levien reportedly owns pieces of Swansea City, the English football club, and the Brisbane Bullets, part of Australia's National Basketball League. Levien filed tax returns for past years and paid about $250,000 to the District in 2022, according to one of Deubert's filings. But DC tax officials concluded that Levien actually didn't owe a dime; Kya Henley, a spokesperson for Levien, said he received a refund check.

Persons: Jason Levien, Levien, —, Christopher Deubert, Deubert, Kya Henley, Levien's Organizations: DC United, DC, Service, Major League Soccer, Columbia, Revenue, Swansea City, football, Brisbane Bullets, Australia's National Basketball League, District Locations: New York, Washington ,, Florida, Swansea

☆ The number of people with at least $100 million has doubled since 2003
▼ + stars: | 2023-10-10 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

The population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. The rise of tech wealth, especially in the U.S., has also helped fueled the growth in the super-wealthy. The number of billionaires in the world has skyrocketed from under 500 in 2003 to more than 2,600 today, according to Forbes and other wealth-tracking firms. "The value of money has declined, so in dollar terms, you would expect more centi-millionaires," said Andrew Amoils, head of research at New World Wealth. The U.S. is still the dominant capital of entrepreneurship and centi-millionaires, with 38% of the global population of people worth $100 million or more, according to the report.

Persons: Andrew Amoils, It's, Amoils Organizations: Henley & Partners, Forbes Locations: U.S, centi, Asia

☆ 6 Podcasts for the Spooky Season
▼ + stars: | 2023-10-03 | by ( Emma Dibdin | ) www.nytimes.com time to read: +2 min

There’s an adage about horror movies, often attributed to Alfred Hitchcock: What you don’t see is more frightening than what you do. This makes audio dramas excellent vehicles for the horror genre, because the absence of visual storytelling forces listeners to fill in the gaps. Starter episodes: “Omelet”Have you ever read the Wikipedia page for a horror movie you’re interested in, but too afraid to watch? You’re not alone — this one-degree-removed method of horror consumption is common, and it’s the linchpin of this fun and addictive recap podcast. Sammy Smart is a horror aficionado who watches the movies so her more fearful co-hosts, Emily Gonzalez and Henley Cox, don’t have to.

Persons: Alfred Hitchcock, Joseph Fink’s enthralling, Fink, “, ”, Alice Isn’t, Jasika Nicole, “ Alice Isn’t, You’re, Sammy Smart, Emily Gonzalez, Henley Cox, Jordan, Ari Aster’s “, Nicolas Cage, — Gonzalez, Cox, Smart Organizations: Vale

☆ Nvidia CEO's signature leather jackets are so popular that websites are selling lookalikes using his name and photo
▼ + stars: | 2023-09-29 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Black leather jackets are a well-known staple in Nvidia CEO Jensen Huang's wardrobe. Online sellers are using his name and image in listings for lookalike leather jackets. AdvertisementAdvertisementNvidia CEO Jensen Huang is known for his signature black leather jackets — he's rarely seen in public without one. A Wilson Jackets product page titled "Jensen Huang Nvidia CEO Leather Jacket" offers faux and real leather lookalikes. AdvertisementAdvertisementA screenshot of a black leather jacket from Theory.

Persons: Jensen, Steve Jobs, Mark Zuckerberg, Huang, —, Jensen Huang, hoover, Huang isn't, Issey Miyake, Walter Isaacson's, Jobs, Zuckerberg, isn't, Joseph Rosenfeld, Tom Ford, Rosenfeld Organizations: Nvidia, Service, Google, Bloomberg, Wilson Jackets, Apple, Walmart, Meta's Connect, New York Times, Times Locations: Taiwan

☆ Apartment prices in Zurich are skyrocketing, with property being seen as 'concrete gold'
▼ + stars: | 2023-09-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Apartments in Zurich cost around $19,000 per square meter, according to data from Properstar. Transaction prices for apartments in the Zurich region rose 42.3% between 2013 and 2022. UBS said Wednesday that there was a perception of property in the city as "concrete gold." Renting an apartment in the city, meanwhile, cost around 47 Swiss franc ($58) per square meter, according to the Properstar data. UBS said in its Global Real Estate Bubble Index 2023, released Wednesday, that an increasing number of high-income earners and ultra-low interest rates in recent years had helped push up property prices.

Organizations: UBS, Service, Bloomberg, Henley & Partners, Wüest, Swiss National Bank ., Swiss, Google Locations: Zurich, Properstar, Wall, Silicon, Swiss, London, Lake Zurich, Switzerland

☆ Crypto has minted tens of thousands of new millionaires, but they're still only 0.02% of everyone who's ever bought digital currency, a new wealth report says
▼ + stars: | 2023-09-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

At least 88,200 people have $1 million or more in cryptocurrencies, a new wealth report said. That's out of 425 million total crypto users around the world, according to Henley & Partners. A fortunate few — 182 users — have cryptocurrencies worth more than $100 million, the report said. Crypto-millionaires are defined as people who have at least $1 million in cryptocurrency assets, per the firm's Crypto Wealth Report 2023. But the world's wealthy crypto users are starting to outnumber the number of high-net-worth individuals in entire countries, such as Russia, which has 65,000 millionaires, and Saudi Arabia, which has 52,000 millionaires, per Amoils' estimate.

Persons: That's, Andrew Amoils, Dominic Volek, Volek, — Organizations: Henley & Partners, Service Locations: cryptocurrencies, Wall, Silicon, London, Russia, Saudi Arabia, cryptocurrency

☆ There are just six bitcoin billionaires in the world, new crypto super-rich report says
▼ + stars: | 2023-09-06 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

A new report shows how many crypto millionaires and billionaires exist. Hundreds of millions of people around the world have some form of crypto holdings, whether that is in bitcoin or one of the many other digital currencies. To be exact, 425 million people use crypto, according to Henley & Partners' Crypto Wealth Report, which was released by the investment migration consultancy on Tuesday. And 22 people have crypto holdings worth at least $1 billion. Six of them hold their investments in bitcoin — a far smaller proportion than among the crypto millionaires and centi-millionaires.

Persons: Crypto, Gen Organizations: Henley & Partners, CFA Institute, Financial Industry, Investor Education Foundation, Pew Research Locations: bitcoin

☆ Never mind deflation and the property crisis - a brain drain could be the next big threat to China's economy
▼ + stars: | 2023-09-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

It's been a rough 2023 for China, with Beijing failing to stop deflation or contain an ever-worsening property crisis. A brain drain could present the next big threat for the world's second-largest economy. Brain drains are almost always bad news for a country, robbing its economy of a key engine for growth. AdvertisementAdvertisementBrain drains are "horrible for the economy – you need leaders to drive your economy forward," Nuzum said. "If one entrepreneur leaves, whatever – but if tens or hundreds of thousands move across the border, that's a big problem."

Persons: It's, Xi Jinping, Jack Ma, Rich Nuzum, Nuzum Organizations: Service, Wall Street, Henley & Partners, Big Tech Locations: China, Beijing, Wall, Silicon, North America, Europe, that's

☆ Asia markets poised for fall ahead of private business activity reports from Australia and Japan
▼ + stars: | 2023-08-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore has overtaken Japan to boast of the world's most powerful passport, the Henley Passport Index showed. This comes as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. Asia-Pacific markets are set to fall, reversing gains markets made across the board on Monday. In Australia, futures for the S&P/ASX 200 point to a lower open, at 7,059 compared with the last close of 7,121.6. Futures for Hong Kong's Hang Seng index stood at 17,655, pointing to a weaker open compared to the HSI's close of 17,791.01.

Organizations: Singapore ., Juno Bank, Japan's Nikkei, PMI Locations: Singapore, Japan, Australia, Singapore . Asia, Pacific, Chicago, Osaka

☆ Randy Meisner, Eagles co-founder who sang 'Take It to the Limit,' dead at 77
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

July 27 (Reuters) - Randy Meisner, a co-founder of the Eagles who sang lead on the 1975 hit "Take It to the Limit," died on Wednesday of complications from lung disease, the band said on its website on Thursday. "The whole thing started to end when we started taking separate limos," Meisner told Rolling Stone magazine. "I liked to be out of the spotlight," Meisner said, according to Rolling Stone. Years later, Meisner said he asked to sit in with the band for a show in Los Angeles but was denied, he told Rolling Stone in 2008. Before the Eagles, he placed bass for Poco, and was also bassist and vocalist with Rick Nelson's Stone Canyon Band.

Persons: Randy Meisner, Meisner, Glenn Frey, Don Henley, Bernie Leadon, Leadon, Joe Walsh, Timothy B, Rolling, Stone, Glenn, Rick Nelson's, Daniel Trotta, Diane Craft Organizations: Eagles, Hall of Fame, Rolling Stone, Stone, Thomson Locations: California, Scotts Bluff , Nebraska, Knoxville, Los Angeles

Randy Meisner, a founding member of the Eagles whose broad vocal range on songs like “Take It to the Limit” helped catapult the rock band to international fame, died on Wednesday at a hospital in Los Angeles. The cause was complications of chronic obstructive pulmonary disease, the band said on its website. “Randy was an integral part of the Eagles and instrumental in the early success of the band,” the group said. Mr. Meisner, the band’s original bass player, helped form the Eagles in 1971 along with Glenn Frey, Don Henley and Bernie Leadon. It topped the Billboard Hot 100 in 1977 and won a Grammy Award for record of the year in 1978.

Persons: Randy Meisner, “ Randy, Meisner, Glenn Frey, Don Henley, Bernie Leadon Organizations: Eagles Locations: Los Angeles, “ Hotel California, Hotel California

☆ Randy Meisner: The Eagles announce the death of founding member at 77
▼ + stars: | 2023-07-27 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Randy Meisner, who was a co-founding member of legendary rock band the Eagles and served as a bassist and vocalist, has died, according to an announcement on the band’s official site. “The Eagles are sad to report that founding member, bassist, and vocalist, Randy Meisner, passed away last night (July 26) in Los Angeles at age 77, due to complications from Chronic Obstructive Pulmonary disease (COPD),” the statement, posted on Thursday, read. “Randy was an integral part of the Eagles and instrumental in the early success of the band. His vocal range was astonishing, as is evident on his signature ballad, ‘Take It to the Limit,’” said the Eagles. Meisner’s musical career began with Rick Nelson’s Stone Canyon Band as their vocalist and bassist.

Persons: Randy Meisner, “ Randy, ’ ”, Rick Nelson’s, Glenn Frey, Don Henley, Bernie Leadon, Meisner Organizations: CNN, Eagles, “, “ Eagles, Hall of Fame Locations: Los Angeles, “ Hotel California

☆ Singapore’s passport is now the most powerful in the world. Here's how other countries ranked
▼ + stars: | 2023-07-19 | by ( Lee Ying Shan | Lisa Lucas | ) www.cnbc.com time to read: 1 min

Singapore has overtaken Japan to boast of the world's most powerful passport, the Henley Passport Index showed. What it means is that the Singapore passport allows holders visa-free entry to 192 destinations out of 227 in the world. Germany, Italy and Spain tied in second place, with their citizens being able to visit 190 global destinations. Japan, which topped the list last year, slipped to third place — its passport allowing visa-free access to 189 destinations, down from 193 in 2022. Other passports that tied with Japan to rank third place are Austria, Finland, France, Luxembourg, South Korea and Sweden.

Organizations: Singapore, International Air Transport Authority, Japan Locations: Singapore, Japan, Germany, Italy, Spain, Austria, Finland, France, Luxembourg, South Korea, Sweden

☆ The world’s most powerful passports for 2023
▼ + stars: | 2023-07-18 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —The jiggling and jostling atop the global passport rankings for 2023 just got a little more interesting. And while Asia has long dominated the top of the leaderboard in the index created by London-based global citizenship and residence advisory firm Henley & Partners, Europe is bouncing back. The US, meanwhile, has dropped a further two places to eight spot, with access to a mere 183 destinations visa-free. The Henley Passport Index is based on data from the International Air Transport Association (IATA) and ranks 199 passports worldwide. Estonia, Iceland (182 destinations)The worst passports to hold:Three countries around the world have visa-free or visa-on-arrival access to 30 or fewer countries.

Persons: Japan’s, It’s, Cristian H, Kaelin, ”, Greg Lindsay, Japan's, TOSHIFUMI KITAMURA, Arton Capital’s, Armand Arton, that’s Organizations: CNN, Henley & Partners, Henley, International Air Transport Association, Partners, Citizens, Cornell Tech’s Jacobs Institute, Getty, United Nations, United Arab Emirates Locations: Japan, Singapore, Asia, London, Europe, Germany, Italy, Spain, South Korea, Austria, Finland, France, Luxembourg, Sweden, United States, United Kingdom, Afghanistan, Iraq, Syria, UAE, Canada, AFP, Arton, Taiwan, Macao, Hong Kong, Kosovo, Palestinian, Territories, Netherlands, Switzerland, Denmark, Belgium, Portugal, Norway, Poland, Ireland, New Zealand, Czech Republic, Malta , New Zealand, Australia, Hungary, Greece, Lithuania, Latvia, Slovakia, Slovenia, Estonia, Iceland

☆ Smart ways to save money in Europe this crazy, crowded summer
▼ + stars: | 2023-07-15 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

“Last-minute flight prices, especially international ones, are expensive,” says Katy Nastro of Going.com (formerly Scott’s Cheap Flights) about airfares from North American to Europe. “Their best value comes when cash prices are high, and there’s no time more expensive than last-minute summer travel,” Nastro says. CNN Travel talked to travel agents, experts and expert travelers, too, for their tips on saving money on European travels this unprecedented summer. “Most travelers going to Europe have a few destinations in mind, “ says Henley Vazquez, co-founder of luxury travel advisor group Fora. These places he calls “the Chicagos of Europe” include Marseille in France, Hamburg in Germany and Liverpool in England.

Persons: CNN —, “, Katy Nastro, you’ll, Nastro, you’ve, ” Nastro, Hevelyn Villar Silva, Hevelyn Villar, ”, Colleen McDaniel, Henley Vazquez, Fora, ” Eurail, Eurail, Ethan Williams, Austria’s, Georgia Bird, Rome Ciampino, Rome Fiumicino, snagging, Ignacio Eguren, ” Eguren, Eguren, Booking.com, aren’t, Rick Steves, ” Steves, Steves, … Organizations: CNN, Cruise, Magnifica, MSC Cruises, MSC Magnifica, Caribbean’s Symphony, Palma de Mallorca, Milan Central Station, Getty, Czech Railways, Saint, Alamy, “, Smart, Library, Rembrandt, Best, Premier Faubourg, CNN Travel, Liverpool, Scala, Scala Santa Holy, Scotsman Locations: Europe, North American, ”, Tampa , Florida, Genoa, Valencia, Spain, Pisa, Portofino, Italy, France, Palma de, Athens, Svalbard, Bergen, Norway, “, Germany, Czech, Czech Republic, Rome, Saint Martin, Paris, mauritius, Checkin Cantabria, Cantabria, Paris ’, Copenhagen, you’ll, Oslo, Marseille, Hamburg, England, Scala Santa

With Amazon Prime Day upon us, the flood of clothing deals makes all of us wonder which ones are actually worth spending on. We've collected the best Prime Day clothing deals for men, women, and children, so you can narrow down which discounts will help refresh your closet for less. For more Prime Day savings, check out our roundup of the best beauty deals to see what other exclusive sales we've found. Best Prime Day deals on athleisure and workout clothesAmazon carries an impressive array of performance wear from the top brands. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date.

Persons: We've, Price Calvin Klein, Calvin Klein racerback, Grey Heather, Levi, Ellie, that'll, henley, it's, Martens, Steven Madden, Kenneth Cole, we've, Herschel, JW Pei, Vera Bradley Microfiber, Vera, Michael Kors Parker, Michael Kors Organizations: Amazon, Adidas, Prime, Amazon Deal, Chelsea, Columbia, Herschel Supply, Michael Kors Parker Stainless Steel Locations: Italy, Colombia

☆ Scottsdale, Arizona is the No. 1 city for renters based on quality of life—see the full list
▼ + stars: | 2023-07-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

WalletHub compared key quality-of-life measures in more than 180 rental markets across the United States. To rank the best states for renters based on quality of life, the report considered the following factors:Whether you're buying a home or renting, one major factor to consider in your search for the right state, city or neighborhood you move to is the quality of life you will have when you get there. Scottsdale, Arizona, topped the list of the best places for renters based on quality of life. Over the past two decades, it has been one of the fastest-growing cities in the U.S. and according to Henley and Partner's 2023 wealth report, it is also one of the fastest-growing cities for millionaires. From 2012 to 2022, Scottsdale saw an 88% millionaire growth rate and is home to 13,900 millionaires, 60 centi-millionaires, and five billionaires.

Locations: United States, Scottsdale , Arizona, McDowell, U.S, Henley, Scottsdale

☆ Could You Be Dressing Sexier? A Guide For Men
▼ + stars: | 2023-06-24 | by ( Jamie Waters | ) www.wsj.com time to read: 1 min

Do men want to look sexy? I think so, yes,” said Fredric Cibelli, a principal at a big New York consulting firm. Derek Vick’s spin on sexy skews more “Butch Cassidy” machismo. Chunky-heel cowboy boots, which bump his height from 5-foot-10 to about 6-foot, complete the look. “When I go out, I want to turn heads,” he said.

Persons: ”, Fredric Cibelli, baring, Channing Tatum, Mike, ” Rather, Derek Vick’s, Butch Cassidy ” machismo Locations: New York, Hattiesburg, Miss, Wranglers

☆ China to see the world's biggest millionaire exodus this year, new study shows
▼ + stars: | 2023-06-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Guests are seen in the J Hotel located in the Shanghai Tower, in Shanghai on June 23, 2021. China, with the world's second-largest economy and the second-highest population, will again see the biggest exodus of millionaires this year, according to new research. Data from the firm showed that a net 10,800 high-net-worth individuals migrated out of China in 2022, and another net 13,500 are expected to leave this year. This is not an issue that started with the coronavirus pandemic, and has been going on for the last 10 years. China's economy grew strongly from 2000 to 2017, but wealth and millionaire growth in the country has been negligible since then (when measured in U.S.-dollar terms)."

Persons: Andrew Amoils Organizations: Henley & Partners Locations: Shanghai, China

☆ Australia's visa overhaul leaves Chinese millionaires in limbo
▼ + stars: | 2023-06-15 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

[1/2] Chinese and Malaysian tourists take photographs of the Sydney Opera House from a viewing area located on Sydney Harbour, Australia, October 4, 2016. Similar investment visa schemes have been scrapped in Canada, Britain and Singapore as governments conclude they do not create jobs and could be a means to park speculative money. It said a new migration strategy would be released later this year, which would include "radically reshaping" the BIIP programme. "I just don't think the investor programme is on their radar at the moment - they might overhaul it down the track. BIIP holders say they are curtailing business investment given the uncertainty, postponing life decisions and in some cases selling properties in Australia.

Persons: David Gray SYDNEY, Paul Wang, Wang, Tony Le Nevez, Tan, Stella Qiu, Praveen Menon, William Mallard Organizations: Sydney Opera House, REUTERS, Innovation, Investment, Labor, Department of Home Affairs, Henley & Partners Australia, Thomson Locations: Malaysian, Sydney Harbour, Australia, Beijing, Canada, Britain, Singapore, Sydney, Melbourne, United States

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