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Millionaire Exodus Places Country in 6th Position Worldwide
Brazil is set to face a new capital flight in 2025.
The projected net outflow is 1,200 millionaires, according to a report released by Henley & Partners on June 24, 2024.
Thus, the total amount of resources transferred could reach an impressive US$8.4 billion, around R$46 billion, in less than a year.
Therefore, the country ranks 6th in the global ranking of high-net-worth individual exodus.
It falls behind powers such as United Kingdom, China, India, Russia, and South Korea.
The consultancy emphasizes that this movement has already become the largest in Latin America.
For New World Wealth, a partner in the survey, 142,000 millionaires are expected to migrate to other countries by the end of 2025.
This number sets a historical record.
Attractive Destinations Grow for Brazilian Elite
As the trend of departure is confirmed, the preferred destinations for wealthy Brazilians are becoming increasingly diverse.
Among the main options are United States, especially Florida, as well as Portugal, Cayman Islands, Costa Rica, and Panama.
This choice, according to the annual study, reflects the search for quality of life, safety, and a stable political environment.
There is also interest in countries with lower tax burdens.
Since 2014, Brazil has already lost approximately 18% of its millionaire population.
Thus, the country ranks 10th in the global ranking of losses during this period.
By way of comparison, countries like Argentina, Turkey, and Nigeria have faced similar declines.
The main causes were exchange rate crises over the past decade.
Factors Driving Departure Worry Analysts
According to Henley & Partners, high-net-worth individuals tend to be the first to migrate.
They leave the country when they perceive economic instability, lack of political perspective, or security risks.
For consultants, the constant flow of millionaires abroad indicates a structural alarm for the national economy.
Experts point out that, unlike China, India, Russia, and South Africa, whose exodus rates are expected to be the lowest since the pandemic, Brazil maintains a high net outflow trend.
The report mentions that China, for example, will lose 7,800 millionaires.
A portion of this contingent is being compensated by the return of wealthy citizens who lived in the United Kingdom.
This scenario is still distant for Brazilians.
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After Paraguay, another South American country cuts corporate taxes, reduces the rate from 27% to 23%, and launches a package with over 40 measures to attract investments, generate jobs, and differentiate itself from Brazil in the dispute for competitiveness.
Effects of Exodus Reflect on Capital and Influence
For New World Wealth, the mass migration of wealthy individuals has direct consequences for the nations involved.
Receiving countries benefit from increased investments and appreciation of local assets.
In addition, there is an expansion of foreign exchange revenue.
On the other hand, the sending countries, such as Brazil, may suffer long-term negative impacts.
They lose productive capital, tax revenue, and the economic influence of these leaders.
Experts remind us that between 2014 and 2024, the country has already shown vulnerabilities in this aspect.
Capital flight has worsened during periods of political and economic crisis.
Outlook for 2025 Reinforces Need for Attention
In light of the projected departure of 1,200 millionaires by December 2025, international consultancies assess that the phenomenon is expected to remain high.
This will occur unless there are structural changes.
For analysts, policies on public safety, institutional stability, and a review of tax burdens are essential strategies.
These measures could curb the migratory flow.
Furthermore, Henley & Partners emphasizes that monitoring this economic group can signal future trends.
Millionaires are often the first to anticipate changes in the scenario.
The annual report, published in partnership with New World Wealth, highlights that Brazil still faces greater challenges than its BRICS partners.
These countries have already shown some capacity to partially recover their economic elites.
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