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The Nexus
POLITICSJul 13 · 08:21 UTCBUSINESS INSIDERKelsey Vlamis ([email protected])

Here's how the ultrawealthy are getting citizenship abroad as 'insurance' against wealth taxes

Ultrawealthy Americans are increasingly seeking foreign citizenship or residency through programs like golden visas as a precaution against potential wealth taxes. Advisors describe second passports as 'insurance,' with a 183% rise in inquiries from U.S. nationals at Henley & Partners between Q1 2024 and 2025. Californians are preparing for a possible 5% one-time tax on billionaires, prompting asset relocations and relocations to states like Florida.

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Sergey BrinpersonLarry PagepersonGavin NewsompersonBernie SanderspersonRo KhannapersonDavid LesperancepersonHenley & PartnersorganizationNew ZealandplaceCaliforniaplaceFloridaplaceIrelandplaceGreeceplacePolandplaceItalyplaceGermanyplaceSaint Kitts and Nevisplacewealth taxestopicgolden visastopiclineage citizenshiptopic
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