The list is topped by France which saw the maximum outflow of millionaires with as many as 10,000 super rich leaving the country.
Rich enjoy a lifestyle that millions of people could only imagine
France was followed by China with 9,000 millionaires leaving the country. In terms of maximum outflow of millionaires the third position was held by Italy, for which the figure stood at 6,000.
The report says the mass exodus of rich people from developing countries to developed countries is happening because of better life style and more security.
“The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing,” the report said and added that “once the standard of living in these countries improves, we expect several wealthy people to move back.”
Other countries that saw significant millionaire outflows include Greece (3,000), while Russian Federation, Spain and Brazil saw 2,000 such outflows each.
Millionaires, otherwise known as “high net-worth individuals” or “HNWIs” refer to individuals with net assets of $1 million or more excluding their primary residences.