The US remains a magnet for wealthy Asian entrepreneurs even as its growth lags behind developing markets, new research has found.

The report, by Barclays Wealth, found that those who made their money in booming economies such as China still hoped to move to North America and Europe in search of stability and better business prospects.
　　
Over the next five years, almost half of China’s rich expected to move, with the US then Europe the most likely destinations. Qataris and Latin Americans were also likely to be planning moves. But only 6 per cent from North America and 12 per cent from Europe were considering Asia.

Some 15 per cent of the global rich are likely to move within the next five years, rising to almost a third for those who consider themselves entrepreneurs.
　
Christian Berchem, head of UK key clients and family offices for Barclays Wealth, said entrepreneurs “will go where the next step for their businesses takes them”.
　
Liam Bailey, head of residential research at Knight Frank, the property consultancy, said that the “Anglosphere” remains popular for its use of English, good education system and stable government.
　
Just under half of the 2,000 people Barclays surveyed had lived in more than one country and a fifth in three or more countries.
　
“A number of entrepreneurs we have spoken to are looking towards overseas expansion to other English-speaking markets, such as the US and Australia, while others are researching ways to gain access to newer, untapped markets in Asia and Latin America,” said Mr Berchem.
　　
While Asian, European and North American wealthy individuals prioritised higher returns and better interest rates when moving their money abroad, 74 per cent of respondents in Africa, 54 per cent in Latin America, and 40 per cent in the Middle East, say that finding a safe location is one of the main reasons for doing so.

The UK has seen the number of non-domiciled multimillionaires rising 15.2 per cent between 2011 and 2013, fuelling the London property market.

But even Londoners are prepared to move. Anthony Rushton, who set up Telemetry in 2009, established a New York base for the online business 18 months ago. It helps identify fraud in online advertising, whereby criminals register false interest using bots or drive up prices in automated online auctions.

Mr Rushton, 42, said his family moved for four weeks while the office was being set up. “I go over there one weekend a month as that is where our customers are.”

A fifth of wealthy individuals in the UK are setting their sights on new horizons but they tend to be older. Almost a third were looking to retire, a fifth seeking a lower cost of living. But the most popular choice was no surprise – 44 per cent wanted warmer weather.

Please contact us in case of Copyright Infringement of the photo sourced from the internet, we will remove it within 24 hours.