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Millionaires on the Move: Where are the World’s Wealthy Migrating to and from in 2024?

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LONDON, June 18, 2024 /PRNewswire/ — The UK is expected to see an unprecedented net loss of 9,500 millionaires in 2024 — second only to China worldwide, and more than double the 4,200 who left the country last year, which was itself record-breaking following the exodus of 1,600 HNWIs in 2022. For the third year running, the UAE looks set to take first place as the world’s leading wealth magnet, with a record-breaking 6,700 moneyed migrants expected to make the Emirates home by the end of the year, boosted by large inflows from the UK and Europe.

The Henley Private Wealth Migration Report 2024, released today by international investment migration advisory firm Henley & Partners, features the most significant projected millionaire migrant inflows and outflows globally as well as the W15 ranking of the world’s top 15 countries for millionaires, centi-millionaires and billionaires. 

China is again on track to be the biggest millionaire loser globally, with an anticipated net exit of 15,200 HNWIs this year (compared to 13,800 in 2023) whereas India has stemmed its wealth exodus, dropping down to 3rd place after the UK with just 4,300 millionaires projected to leave the country in 2024 (compared to 5,100 last year). South Korea’s HNWI flight is expected to rise with a forecast loss of 1,200 millionaires (compared to 800 in 2023) while the tsunami of millionaires that fled Russia following the outbreak of the Ukraine war appears to be abating with only 1,000 projected to relocate this year (compared to 8,500 in 2022 and 2,800 in 2023).

Dominic Volek, Group Head of Private Clients at Henley & Partners, says 2024 is shaping up to be a watershed moment in the global migration of wealth: “An unprecedented 128,000 millionaires are expected to relocate worldwide this year, eclipsing the previous record of 120,000 set in 2023. As the world grapples with a perfect storm of geopolitical tensions, economic uncertainty, and social upheaval, millionaires are voting with their feet in record numbers.”

UAE remains world’s leading millionaire magnet

With its zero income tax, golden visas, luxury lifestyle, and strategic location, the UAE has entrenched itself as the world’s number one destination for migrating millionaires and is poised to attract nearly twice as many millionaires as its nearest rival, the US, which is projected to benefit from a net inflow of 3,800 millionaires in 2024.

Singapore takes 3rd prize again this year with net inflows of 3,500, while the perennially popular destinations for migrating millionaires, Canada and Australia, follow in 4th and 5th places with net inflows of 3,200 and 2,500, respectively. European favorites Italy (+2,200), Switzerland (+1,500), Greece (+1,200) and Portugal (+800) all make it into this year’s Top 10 for net millionaire inflows along with Japan, which is on course to welcome 400 wealthy migrants, boosted in part by an accelerating trend of Chinese HNWIs moving to Tokyo that started post-Covid.

The other big millionaire losers in 2024

Besides China, the UK, India, South Korea, and Russia, the remaining places in the Top 10 millionaire outflow ranking are taken up by Brazil where a millionaire drain of 800 is projected this year, followed by South Africa (-600), Taiwan (-400), and Vietnam and Nigeria, which are both set to see 300 millionaires take flight.

But as Dr. Hannah White OBE, Director and CEO of the Institute for Government in London points out, HNWIs are leaving these other countries for quite different reasons from the UK: “Both China and India are seeing high net outflows because of the success of their sizeable economies in generating new millionaires, although slowing wealth growth in China in recent years could mean sustained losses become more damaging over time. As do those from many other developing nations, including notably Brazil, Vietnam, South Africa, and Nigeria, Indian millionaires often depart the sub-continent in search of a better lifestyle, safer and cleaner environments, and access to more premium health and education services. Elsewhere, regional threats and uncertainty over the security stance of America following a potential Trump victory in the 2024 US presidential election in November mean that South Korea and Taiwan are continuing to see net outflows of HNWIs.”

The surge in millionaire migration is fueling a corresponding boom in the investment migration sector. Henley & Partners has received record levels of enquiries about residence and citizenship by investment programs over the past 12 months from nearly 200 different countries. The top two nationalities currently driving demand are Americans and Indians, with Brits, Filipinos, and South Africans remaining in the Top 10 as they have done for the last five years.

Read the full press release.

SOURCE Henley & Partners

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EaseUS Todo PCTrans 14.0 Now Updated for Enhanced Transfer Experience

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — EaseUS is a prominent provider of solutions for data backup and recovery, file transfer, and disk management tailored for Windows PC and server users. Recently, it announced the release of EaseUS Todo PCTrans 14.0, which has rolled out significant upgrades aimed at faster transfer speed and intuitive interface. This update perfectly meets the growing need for advanced data migration solutions in both personal and professional settings.

New Feature – Direct Cable Connection

The most notable new feature of Todo PCTrans 14.0 is the direct cable transfer option, which enables users to enjoy faster and more efficient data migration. 

Connection Methods: Users can connect their computers using either an Ethernet or USB Type-C cable, facilitating a seamless transfer process.Working Principle: The function employs a peer-to-peer connection, enabling high-speed data transfers without relying on internet connectivity.Benefits: Enhanced transfer speed and reliability – It offers 5-10 times faster transmission speed than a WiFi connection. Significantly reduce the time required to move large files and applications between PCs, making it faster to move files, applications, and settings without the need for a network setup or the hassle of poor WiFi signal.

User Interface Adjustments for Better Transfer Experience

To optimize and simplify interface design, EaseUS Todo PCTrans v14.0 has implemented several specific changes, including:

Data Transfer: This is a three-in-one integration of features. It merged the PC to PC transfer, Backup & Restore, and Data Rescue into one single functionality, streamlining the interface focused on data transfer and making it easier for users to navigate.Local Migration Navigation: The App Migration feature has now been renamed to Local Migration. It reflects a shift in focus towards transferring applications directly between local disk partitions on a PC, such as to transferring installed apps from C to D, changing programs default install locations, and freeing up disk space.More Tools Section: Five essential functionalities are now categorized for easier access, including quick and remote file transfer, system cleanup, large file cleanup, App uninstaller, and product key finder.

These enhancements in EaseUS Todo PCTrans 14.0 significantly improved the efficiency of data migration, making it an invaluable asset for anyone looking to upgrade or transition between PCs seamlessly.

From Techradar:

“EaseUS Todo PCTrans is a user-friendly PC transfer tool that simplifies the process of moving data, applications and user settings from one PC to another. This tool is especially useful when upgrading to a new PC or reinstalling an operating system, ensuring important files and applications are not lost in the process.”

Pricing and Availability:

Free for users that first try this tool, EaseUS Todo PCTrans Free is available here:
https://www.easeus.com/free-pc-transfer-software/

EaseUS Todo PCTrans Professional Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-pro.html

EaseUS Todo PCTrans Server Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-technician.html

About CHENGDU Yiwo Tech Development Co., Ltd.:
The company provides professional IT solutions for home, education and SMB users, service providers as well as international corporations in data recovery, backup software, system optimization and partition manager on both Windows and Mac platforms. For Windows OS, its major products are Data Recovery Wizard, EaseUS Todo Backup, EaseUS Todo PCTrans, EaseUS Partition Master, EaseUS Disk Copy, EaseUS Fixo and EaseUS CleanGenius. For Mac OS, it has EaseUS Mac Data Recovery Wizard, EaseUS Partition Master For Mac, EaseUS Fixo For Mac and CleanGenius.

“EaseUS” is registered trademark of CHENGDU Yiwo Tech Development Co., Ltd. All other trademarks acknowledged.

View original content:https://www.prnewswire.com/news-releases/easeus-todo-pctrans-14-0-now-updated-for-enhanced-transfer-experience-302303820.html

SOURCE EaseUS Software

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Country Music Artist Joe Nichols Announces Non-Profit Organization Established to Combat Warfighter Suicide in the Special Operations Community

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Co-founders Andy Wirth, Joe and Heather Nichols launch The Impossible Foundation at livestreamed event featuring a press conference, panel discussion and a special live performance by Nichols

BOZEMAN, Mont., Nov. 15, 2024 /PRNewswire/ — Three-time GRAMMY-nominated singer and multi-platinum selling recording artist Joe Nichols his wife, Heather Nichols, are joined by close friend and business executive Andy Wirth in announcing the establishment of The Impossible Foundation. The Impossible Foundation has been set up as nonprofit organization with the mission of being a force multiplier in combatting the accelerating rates of suicide within the special operations community. 

Joe Nichols Announces Non-Profit Organization The Impossible Foundation to Combat Warfighter Suicide

Watch The Impossible Foundation’s Launch Video HERE.

Within our country’s military, since 2001, suicide has claimed over 140,000 warfighters’ lives, 20 times the number of fatalities associated with the wars in Iraq and Afghanistan. This alarming statistic compelled Andy Wirth to join forces with friends Joe and Heather Nichols and establish The Impossible Foundation, which is headquartered in Bozeman, Montana.

“Our deep sense of gratitude and indebtedness for all who have served and are serving our great country, coupled with our unfaltering patriotism, brought about the drive to stand up The Impossible Foundation,” said Joe Nichols. “Nearly 25 years after it commenced, our newsfeeds don’t contain much on the Global War on Terror. In fact, they’ve largely gone quiet and, not surprisingly, many consider the battles over…they’re most certainly not.” 

“Not only does the global war on terror remain a kinetic and lethal environment for our country’s warriors, but some warfighters have returned home with their own fight…battles of a different kind,” said Andy Wirth, co-founder and board chairman. “Too many times, those warfighters see their battles as unwinnable, and the challenges seem to be impossible to overcome. Tragically, some chose a permanent solution to a temporary problem. The loss of a warfighter to suicide is rarely reported by the news…in turn, we rarely hear about that heart rendering event. Truly, when a warfighter takes their own life, it’s a heartbreaking result from a personal battle and while unknown and unheard to most, it generates a deafening echo for eternity.”

Established as largely a grant issuing not-for-profit, The Impossible Foundation will raise funds which will be provided to organizations that have high-impact and effective programs that reduce and reverse the accelerating rates of warfighter suicide.  The organization will focus on active duty and retired warfighters that have been and are part of the special operations community, including USSOCOM and other US Government organizations that have an adjacency to our country’s special warfare activities.

The launch event will feature interviews with panelists including Joe & Heather Nichols, Andy Wirth and feature two special guests, Steven Cashen, Sergeant First Class, US Army (Ret.) and Brian Gilman, Colonel, US Marine Corps (Ret.).  

The launch event livestreamed from the organization’s website,  theimpossiblefoundation.org  commencing at 1:00pm eastern, Friday, November 15, 2024, live from The Dallas Bull in Tampa, Florida.  Those attending the event will include industry VIP’s, supporters and members of the US Special Operations Command, headquartered at MacDill Air Force Base in Tampa, Florida. The livestream will continue with a special performance by The Impossible Foundation co-founder Joe Nichols.

The inspiration for the organization’s name and ethos is derived from Joe Nichol’s first hit song, “The Impossible”, in which in the lyrics and song’s message speaks to circumstances which are seemingly impossible to overcome, but with faith and belief in the impossible, one can prevail.

The Foundation is interested in securing direct support by way of donations of any amount which can be made through its website:  theimpossiblefoundation.org.  The Impossible Foundation also seeks to engage companies and individuals that have interest in the Founders Legion, which involves material, direct financial support and includes participation in the organization’s advisory council. Those interested in being a major part of The Impossible Foundation through the Founders Legion are encouraged to contact Andy Wirth, cofounder and board chairman at awirth@theimpossiblefoundation.org

ABOUT THE IMPOSSIBLE FOUNDATION:
The Impossible Foundation is a Colorado nonprofit corporation, which is based out of Bozeman, Montana. The Foundation has applied to the IRS for recognition as a Section 501(c)(3) tax-exempt organization. Subject to application is approval, charitable donations to The Impossible Foundation will be tax deductible to the extent permitted by law, regardless of when made. The Foundation will grant funds to organizations with programs aligned with the Foundation’s mission. Grants issued to recipient organizations will take place following a rigorous review process. Currently, the directors and officers of The Impossible Foundation include Messrs. Nichols and Wirth and Mrs. Nichols. Over the following nine months, the organization will be expanding its board of directors, which will directly participate in the governance, strategic planning and operations of The Impossible Foundation. Watch The Impossible Foundation’s Launch Video HERE.

MEDIA CONTACT: 

Andy Wirth, Cofounder & Chairman, at awirth@theimpossiblefoundation.org and (406) 595-7407

Jay Jones, Jay Jones Music, jay@jayjonesmusic.com and (615) 400-0254

View original content to download multimedia:https://www.prnewswire.com/news-releases/country-music-artist-joe-nichols-announces-non-profit-organization-established-to-combat-warfighter-suicide-in-the-special-operations-community-302307293.html

SOURCE The Impossible Foundation

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Intertribal Software Raises Strategic Investment

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DURANT, Okla., Nov. 15, 2024 /PRNewswire/ — Intertribal Software, a provider of member services software to Tribal governments founded in 1993, is pleased to announce that it has raised a majority strategic investment from Quality Standard. The investment will deepen Intertribal’s position as the leading software provider exclusively focused on helping Tribal governments deliver critical services to their members. Founders Steve Wilcox (CEO) and Skip Lamb (CTO) will continue to lead the business and remain owners of the company alongside Quality Standard.

In addition to its OneTribe® suite, Intertribal is also a strategic partner and reseller of Laserfiche®, the leading workflow automation and records management solution for Tribes. OneTribe and Laserfiche integrate natively and provide Tribal governments with a one-stop solution for digital transformation.

“We serve a unique customer base that values long-term partnerships. When we looked for the right partner for Intertribal, we wanted someone committed for the long-haul to the Tribal community and our team – someone who could help us grow support for our customers over our next 30-year chapter,” said Steve Wilcox. “We found that with Quality Standard, and we’re excited about the opportunities this investment will create for our Tribal customers as well as our dedicated team.”

“Tribes need software that is responsive to their unique needs, including protecting Tribal data sovereignty,” added Skip Lamb. “Quality Standard embraced that from the start, and they share our goal of remaining focused on serving Tribes as we use this investment to grow our team and build the next generation of our technology.”

Quality Standard co-founder Khalil Tawil added, “It is an honor to partner with Steve, Skip, and the entire Intertribal team. They bring a profound respect for Tribal governments and a passion for improving the lives of the members they serve. We feel privileged to support their mission today and for decades to come as they deepen their position as a leading technology partner to Tribes.”

About Intertribal Software

Intertribal provides software that helps Tribal governments efficiently manage their Member Service programs from department to enterprise. Since 1993, Intertribal Software has been a pioneer in creating enterprise Tribal Data Management systems for Tribal Governments nationwide.

About Quality Standard

Quality Standard is a permanent home for exceptional software companies and the teams who lead them. It partners with category-leading businesses with devoted teams and loyal customers. With a committed capital base and perpetual time horizon, Quality Standard partners with and builds customer-centric companies over decades.

View original content to download multimedia:https://www.prnewswire.com/news-releases/intertribal-software-raises-strategic-investment-302307278.html

SOURCE Quality Standard

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