RBC Wealth Management and The Economist Intelligence Unit (EIU) published a study analyzing the increasing trend of young professionals export their expertise and wealth to a different country. The EIU surveyed 300 internationally mobile wealthy individuals (IMWIs) who live, work or spend their time outside their home country and have asset over US$1million.
Here are the summarized findings:
For more in depth analysis, please check (source):
http://www.rbcwealthmanagement.com/_assets-custom/pdf/eiu/internationally-mobile-wealthy.pdf
- principal source of wealth are obtained from work as professional, entrepreneur, or executive of publicly traded organization
- Left home countries to pursuit higher quality of life and family needs, rather than business interest
- IMWIs expect a strong work ethic among the next generation with most planning to leave enough assets but still have to work for living
- IMWIs maintain strong links to their homelands (for example: estate planning, retirement)
For more in depth analysis, please check (source):
http://www.rbcwealthmanagement.com/_assets-custom/pdf/eiu/internationally-mobile-wealthy.pdf