{"id":198742,"date":"2024-04-12T21:56:39","date_gmt":"2024-04-13T01:56:39","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=198742"},"modified":"2024-04-12T21:56:39","modified_gmt":"2024-04-13T01:56:39","slug":"wealthy-u-s-families-are-getting-second-passports-citing-risk-of-instability","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/wealthy-u-s-families-are-getting-second-passports-citing-risk-of-instability\/","title":{"rendered":"Wealthy U.S. families are getting second passports, citing risk of instability"},"content":{"rendered":"<div id=\"antig-1022875904\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-1634761145\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"ce741a73-c70c-446b-af7f-da2abe2b62bb\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><div class=\"group\">\n<p>Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm.<\/p><div id=\"antig-4288108243\" class=\"antig-content_5 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 1143w, https:\/\/mlavawteztbj.i.optimole.com\/w:214\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 214w, https:\/\/mlavawteztbj.i.optimole.com\/w:732\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 732w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:1075\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:771\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/quueens.jpeg 1097w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1143\" height=\"1600\"   \/><\/div>\n<div class=\"BoxInline-container  \">\n<div id=\"BoxInline-ArticleBody-5\" class=\"BoxInline-container\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p>The wealthy are building these \u201cpassport portfolios\u201d \u2014 collections of second, and even third or fourth, citizenships \u2014 in case they need to flee their home country. Henley &amp; Partners, a law firm that specializes in high-net-worth citizenships, said Americans now outnumber every other nationality when it comes to securing alternative residences or added citizenships.<\/p>\n<p>\u201cThe U.S. is still a great country, it\u2019s still an amazing passport,\u201d said Dominic Volek, group head of private clients at Henley &amp; Partners. \u201cBut if I\u2019m wealthy, I would like to hedge against levels of volatility and uncertainty. The idea of diversification is well understood by wealthy individuals around what they invest. It makes no sense to have one country of citizenship and residence when I have the ability to actually diversify that aspect of my life as well.\u201d<\/p><div id=\"antig-2117658408\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-1917493718\" class=\"antig-content_12 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1320w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:166\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:566\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:425\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:696\/h:385\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 696w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1320\" height=\"730\"   \/><\/div>\n<p>Recent high-profile examples of second citizenships include billionaire tech investor Peter Thiel, who added a citizenship in New Zealand, and former Google CEO Eric Schmidt, who applied for citizenship in Cyprus.<\/p><div id=\"antig-358449261\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n<\/div>\n<div id=\"ArticleBody-InlineImage-107398888\" class=\"InlineImage-imageEmbed\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\">\n<div>\n<div class=\"InlineImage-imageContainer\" tabindex=\"-1\" data-test=\"InlineImage-pictureContainer\"><picture data-test=\"Picture\"><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398888-1712689713449-gettyimages-107813684-b9b15bd8-5371-4cbc-88bc-4dc619ed4a97.jpeg?v=1712694211&amp;w=740&amp;h=416&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 1340px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398888-1712689713449-gettyimages-107813684-b9b15bd8-5371-4cbc-88bc-4dc619ed4a97.jpeg?v=1712694211&amp;w=630&amp;h=354&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 1020px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398888-1712689713449-gettyimages-107813684-b9b15bd8-5371-4cbc-88bc-4dc619ed4a97.jpeg?v=1712694211&amp;w=929&amp;h=523&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 760px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398888-1712689713449-gettyimages-107813684-b9b15bd8-5371-4cbc-88bc-4dc619ed4a97.jpeg?v=1712694211&amp;w=717&amp;h=403&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 0px)\" \/><img decoding=\"async\" class=\"\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398888-1712689713449-gettyimages-107813684-b9b15bd8-5371-4cbc-88bc-4dc619ed4a97.jpeg?v=1712694211&amp;w=929&amp;h=523&amp;vtcrop=y\" alt=\"Australian, US and German passports sitting on various currencies\" \/><\/picture><\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\"><\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Thomas Kokta | Photographer\u2019s Choice Rf | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Of course, the wealthy aren\u2019t packing up en masse and ditching their American citizenship. While a relatively small number of Americans do renounce their citizenship every year to declare a new home country, mainly due to tax-filing requirements, the so-called \u201cexit tax\u201d required to renounce citizenship makes it financially prohibitive for most except the ultra-wealthy to simply renounce and declare a new citizenship.<\/p>\n<p>Instead, many wealthy Americans are shopping around for an added visa or citizenship program to supplement their U.S. passport.<\/p><div id=\"antig-1863904896\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"IMG_0783\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/03\/IMG_0783.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/03\/IMG_0783.png 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/03\/IMG_0783.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/03\/IMG_0783.png 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n<div class=\"MidResponsive-midResponsiveContainer\">\n<div id=\"MidResponsive-1\" class=\"\" data-module=\"mps-slot\"><\/div>\n<\/div>\n<p>According to Henley, the top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy. Portugal\u2019s \u201cGolden Visa\u201d program is especially popular since it provides a path to residency and citizenship \u2014 with visa-free travel in Europe \u2014 in exchange for an investment of 500,000 euros (roughly $541,000) in a fund or private equity. Malta offers a Golden Visa for 300,000 euros invested in real estate, which Volek said has become \u201cespecially popular with Americans.\u201d<\/p>\n<p>\u201cWith Malta you become a European citizen, with complete settlement rights across Europe,\u201d he said. \u201cSo you can live in Germany, your kids can go and study in France and you have the right to live, work and study throughout Europe.\u201d<\/p><div id=\"antig-851933590\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"IMG_1115\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n<p>There are three main reasons for the rise of American passport portfolios, or \u201cdomicile diversification.\u201d An alternative passport makes travel easier for Americans venturing to parts of the world that are less friendly to the U.S.<\/p><div id=\"antig-4100456667\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n<p>\u201cFor American, British, and Israeli citizens suddenly unsure of their welcome abroad, supplementary passports provide vital flexibility,\u201d according to a Henley report. \u201cWith rising global instability, holding citizenship in another country, particularly one that is considered more neutral or politically benign, now provides a valuable back-up or alternative option.\u201d<\/p>\n<p>Another reason is business travel, which can be safer and less conspicuous with a non-U.S. passport in many countries. U.S. business leaders could be targets for \u201cresentment, hostage-taking, or random terrorism in the chaos of collapsed states or high-risk countries they need to travel to for business purposes,\u201d according to the report, which says interested parties range from hedge-fund managers who meet with global clients to mining company executives who visit operations sites.<\/p>\n<p>Using a secondary passport can also help cross-border financial transfers or deals within the new country.<\/p>\n<p>Finally, some wealthy Americans simply want a back-up residency for possible retirement, to be closer to their families who live abroad or for lifestyle reasons in the new age of remote work. For others, U.S. politics is the driver.<\/p>\n<p>\u201cWe all live in uncertain times, not just in the U.S., but in all nations globally,\u201d Volek said. \u201cWho knows what\u2019s going to happen next. It\u2019s really about having not only a Plan B but Plan C and D in place as well.\u201d<\/p>\n<\/div>\n<div id=\"ArticleBody-InlineImage-107398892\" class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\">\n<div><\/div>\n<div>\n<div class=\"InlineImage-infographicsContainer\" tabindex=\"-1\" role=\"button\" data-test=\"InlineImage-pictureContainer\"><picture data-test=\"Picture\"><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398892-1712689905751-desk-9xTks-high-net-worth-individuals-moving-to-new-countries.png?v=1712689943&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 1340px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398892-1712689905751-desk-9xTks-high-net-worth-individuals-moving-to-new-countries.png?v=1712689943&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 1020px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398892-1712689905751-desk-9xTks-high-net-worth-individuals-moving-to-new-countries.png?v=1712689943&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 760px)\" \/><source srcset=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398892-1712689905751-desk-9xTks-high-net-worth-individuals-moving-to-new-countries.png?v=1712689943&amp;ffmt=webp&amp;vtcrop=y\" type=\"image\/webp\" media=\"(min-width: 0px)\" \/><img decoding=\"async\" class=\"\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107398892-1712689905751-desk-9xTks-high-net-worth-individuals-moving-to-new-countries.png?v=1712689943&amp;vtcrop=y\" alt=\"High-net-worth individuals moving to new countries\" \/><\/picture><\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\"><\/div>\n<div class=\"InlineImage-imageEmbedCredit\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Globally, millionaire migration is expected to hit a new high in 2024, as wars, government crackdowns on wealth, and political uncertainty drive more wealthy residents to other countries. An estimated 128,000 millionaires are forecast to move to a new country this year, up from 120,000 in 2023 and up from 51,000 in 2013, according to Henley.<\/p>\n<p>The U.S. remains a top destination for global millionaires leaving other countries, with a net inflow of 2,200 millionaires in 2023 and a projected inflow of 3,500 in 2024, according to Henley.<\/p>\n<p>China remains the biggest source of millionaire out-migration, losing a net 13,500 millionaires last year.<\/p>\n<p>\u201cThe wealth-creation opportunities in the U.S. are second to none globally,\u201d Volek said.<\/p>\n<\/div>\n<div id=\"antig-1498585529\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. The wealthy are building these \u201cpassport portfolios\u201d \u2014 collections of second, and even third or fourth, citizenships \u2014 in case they need to flee their home country. Henley &amp; [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":114829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-198742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wealthy U.S. families are getting second passports, citing risk of instability - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/wealthy-u-s-families-are-getting-second-passports-citing-risk-of-instability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wealthy U.S. families are getting second passports, citing risk of instability\" \/>\n<meta property=\"og:description\" content=\"Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. 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