Under the 2020 epidemic, 178 billionaires around the world made the list for the first time. The achievements of many new billionaires are also inseparable from this epidemic. For example, Zoom CEO Yuan Zheng is one of the richest people on the list for the first time this year. Also because of the epidemic, Jitse Groen, president of Takeaway.com, a Dutch takeaway company, entered the rich list for the first time. Forrest Li, an online gaming and e-commerce company, also joined the ranks of the rich. Immigration is the highest investment in the future under the epidemic
The outbreak of the epidemic has indeed fulfilled some industries and created a group of new rich people. Throughout the world, the Asia-Pacific has the largest number of billionaires, with 778; the United States is second with 614; and Europe is followed by 511 with 511. In terms of countries and regions, the United States has the most richest people on the list, with 614 (more than last year's 607); Mainland China has 389 (more than last year's 324); Germany has 107 (less than last year's 114) ); India has 102 (less than last year's 106); Russia has 99 (more than last year's 98).
Buffett said: In the past 238 years (that is, since the founding of the United States), who has succeeded by betting on the decline of the country? Comparing the United States with 1776 (when the nation was founded), you can't believe your eyes. In my lifetime, the output per capita in the United States has doubled by six times...It can be said that Buffett’s billions of personal wealth is basically a bet on the national fortune of the United States. Only in a rising national fortune can it appear in the country. A great investment opportunity, and a powerful passport to the world, is the first step for an individual to have the right to pursue wealth. The value of a strong passport has truly become a global trend
Foreign exchange, gold and passports: three common sovereign risk diversification tools
To seek advantages and avoid disadvantages is the instinct of human beings and all living things. In addition to pursuing wealth, the most critical role of the second identity is to avoid risks and reduce losses and troubles. The famous "The Economist" recently published an article stating that wealthy Africans are also seeking a second passport. Nigerian businessman Karo Agono said that a Nigerian passport is simply synonymous with "high risk". In the past 15 years, the international business involved in his financial and real estate companies has always been blocked because people are required to show various additional documents as soon as he sees his green-covered Nigerian passport. Karo Agono was fed up, so he took out the money to get a Caribbean passport.
More and more wealthy people in Africa are seeking second passports or second residency because their passports are too low in gold. Some agencies stated that the volume of consultations from Africa has increased by 1/3 compared to last year. At the same time, this year’s epidemic has promoted this trend, leading to a surge in demand among Africans, and people are looking for Plan B. Although applying for a citizenship by investment program is complicated and there are many restrictions, countries that have launched a citizenship by investment program are still attractive destinations, especially in the context of the raging epidemic.
There has always been a demand for high-net-worth individuals to shift their business from a high-tax system to a low-tax system, and it has shown an increasing trend. In 2006, KPMG conducted a poll of senior tax executives of 120 multinational companies and showed that 62% said they plan to shift their assets and businesses to low-tax countries.
In 2020, Latin American millionaires are considering taking action to avoid tax plunder; but it is too late to open overseas accounts temporarily. Although Latin Americans have a high interest in second identity, governments in the region have restricted international travel in order to prevent the spread of the epidemic. It is not easy for the rich to pack and leave. The amount of online consultations has skyrocketed, but no one has succeeded because the borders are closed.
Global asset allocation without overseas identity is a false proposition
In this era, the second passport goes from luxury goods to necessities
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