Daily Management Review

Australia is the most popular destination for billionaires


Australia is the world’s most popular country for millionaires. The country lures them with its developed health care system, high level of security and close proximity to emerging markets of Asia, according to the report of New World Wealth group.

Phil Whitehouse
Phil Whitehouse
In the past year, 82 thousand millionaires have moved to other countries compared to 64 thousand in 2015, the report says.

Of these, about 11 thousand millionaires moved to Australia, making it the most popular destination for the rich. For comparison, 3 thousand millionaires emigrated to the United States, and 10 thousand – to the UK.

Australia’s appeal for the rich people is partly explained by its location, which makes it one of the best places to do business in developing countries in Asia. It is convenient for Australian residents to do business in Hong Kong, Korea, Singapore and Vietnam.

In addition, Australia has one of the best health systems in the world, and the country is virtually untouched by unrest in the Middle East and the crisis of refugees, faced by Europe, says New World Wealth.

"Of course, strong growth in Australia in the last ten years also had an impact on confidence and business opportunities, - the report says. – An average Australian is now much richer than an average American or British, unlike 10 years ago."

In 2012, Australia introduced a new type of visa for wealthy foreigners who are ready to invest millions in the country.

However, Australia's GDP in the III quarter of 2016 decreased by 0.5% compared with the previous quarter. The decline was recorded for the first time since January-March 2011. The country's economy grew by 1.8% as compared to III quarter of last year, the pace of growth was the weakest since 2009.

source: cnn.com

Science & Technology

Some Information About Their Self-Driving Car Research Has Been Disclosed By Apple Scientists For The First Time

A Massive Data Breach Was Covered Up By Uber By Paying Up Hackers

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

Workers Would Be Helped To Lift More By These Robotic Vests

British Parliament to assess impact of e-cigarettes

Wind energy will provide 30% of Europe's needs by 2030

A Major Platform For Artificial Intelligence Is Its Mobile Devices: Apple

Rumor: Apple will release a budget version of iPhoneX

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

World Politics

World & Politics

Trump: "North Korea supports terrorism"

U.S. Auto Demands Sees NAFTA Nations Locking Horns Even As The Fifth Round Comes To An End

North Korea Is Now Officially A State Sponsors Of Terrorism According To The U.S. Administration

Japan demands to lift embargo on food from Fukushima

Bernard Arnault clarifies on Le Monde’s “Paradise Paper” report

South Korea and the U.S. present a united front against the North Korean leadership

Europe is preparing an alternative to NATO

Ten smartest cities in the world