China Set to Lose a Record 15,000 Millionaires in 2024: Report

Top destinations for wealthy Chinese immigrants include the United States, Canada, Singapore, and in recent years, Japan.
China Set to Lose a Record 15,000 Millionaires in 2024: Report
Travellers board a flight plane at Hongqiao Airport in Shanghai, China, on May 28, 2019. Hector Retamal/ AFP via Getty Images
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A record number of millionaires are projected to leave communist China this year, a development that could impact the country’s already struggling economy, according to a new report.

China is on track to lose approximately 15,200 millionaires in 2024, more than any other nation in the world and eclipsing the country’s previous record of 13,800 set in 2023, according to a June 18 report by Henley & Partners, a British investment immigration consultancy.