×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia Among Top 10 Countries With Biggest Outflow of Millionaires

Russia has come sixth in a ranking of countries with the highest outflow of dollar millionaires, according to a recent report.

Two thousand people with an estimated fortune of more than $1 million left Russia last year, the report by British-based consultancy New World Wealth revealed.

As a result, the total number of millionaires in Russia has decreased by 2 percent to 127,000, according to the report.

The ranking is topped by France, which lost 10,000 millionaires last year. France is followed by China and Italy, which both saw the number of millionaires declined by 9,000 and 6,000 respectively.

The top three countries which saw an increase in millionaires in 2015 include Australia, the United States and Canada.

The authors of the report said that Russia's outflow of millionaires is “concerning.” They attribute it to a range of problems including “unhealthy level of government intervention in the local business sector” and an “anti-U.S. stance,” that makes it difficult for foreign companies to access the market.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more