Change of millionaires
UK has lost 406,000 millionaires in 2016 with $1 million or more.
Japan has gained 738,000 new millionaires in 2016 with $1 million or more.
The main reason UK has lost so many millionaires is, because of Brexit. The pound has weakened significantly since the Brexit vote. The Yen has strengthened against the dollar in 2016 creating more millionaires in Japan.
The dollar is stregnthening in general in the world. The Dirham (AED) is pact against the dollar. This means that many expats in the UAE are becoming wealthier when the dollar is strenghtening.
Posted on Wed, November 23, 2016
by Simon Snelder filed under