Another former Chinese has become the richest man in Singapore , and the rich have not stopped immigrating.
Some time ago, Forbes released the 2022 Singapore Rich List, Mindray Medical founder Li Xiting became the richest man in Singapore with a net worth of US$15.6 billion.
Li Xiting was born in Dangshan, Anhui Province and founded Mindray Medical in Shenzhen. Mindray Medical is one of the beneficiaries of the epidemic in the past two years. With the sales of ventilators, both revenue and profits have risen sharply, and market value has been rising all the way. Li Xiting has also entered the ranks of top rich people, but unexpectedly, he has immigrated to Singapore.
In fact, in recent years, the position of the richest man in Singapore has been occupied by immigrant Chinese. 2019 Haidilao Founder Zhang Yong became the richest man in Singapore, and Li Xiaodong, born in Tianjin, China in 2021, became the richest man in Singapore.
More and more wealthy people are starting to immigrate or purchase assets overseas. Even Jack Ma and Liu Qiangdong have made huge cash out, buying luxury houses and other assets overseas, not to mention other unknown rich people.
01
Where have the rich immigrated?
With the advent of the era of globalization, immigration has become increasingly common. The "2022 World Immigration Report" released by the United Nations Immigration Agency shows that by 2020 there will be 281 million immigrants around the world.
China has a large population and is also a major immigration country. ranks fourth among the world's immigrants, with more than 10 million immigrants overseas. The country that Chinese people like most is the United States. However, the most important thing for immigrating to the United States is to value the quality education conditions here, many of which are for the sake of children.
But the rich may not necessarily choose the United States first. The Henry Global Citizen Report shows that the top five countries with net inflows of millionaires are the UAE, Australia, Singapore, Israel , and Switzerland , and the United States is only ranked sixth. It is estimated that in 2022, 4,000 wealthy people will immigrate to the UAE, 3,500 will immigrate to Australia, and 2,800 will immigrate to Singapore.
Russia, China and India have become the top three rich people, with 15,000, 10,000 and 8,000 respectively. In fact, as early as 2018, the Asian and African Bank also released a report, which ranked first with 15,000 wealthy immigrants. From this point of view, there are many rich people immigrating to China every year.
So, where have all the Chinese rich immigrated? Judging from the well-known wealthy people who have immigrated, Singapore, Canada and the United States are among the top three.
Singapore is a country that Chinese rich people prefer to go to. It is mainly Chinese and is friendly to Chinese people. In addition, the country is developed and convenient transportation is more and more rich people choose to immigrate here. Some time ago, it was reported that " Alipay Queen" Peng Lei also immigrated to Singapore, but there was no confirmation. However, his husband Sun Tongyu immigrated here very early and acquired a luxury house.
Canada is also more popular among Chinese rich people. The history of immigrating to Canada has a long history. The popular TV series "Farewell, Vancouver " tells the story of immigration that took place in Vancouver. Since 2022, Canada has ushered in an immigration boom, with population growth reaching the highest level in 65 years. Rich people such as Xinghe Real Estate founder Huang Chulong , Blue Moon Board Chairman Pan Dong , have all immigrated to Canada.
In addition to these developed capitalist countries , some small countries have also been favored by the rich. For example, Country Garden founder Yang Guoqiang daughter Yang Huiyan , has obtained the passport of Cyprus . According to our country's laws, is not allowed to have dual nationality . However, since Yang Huiyan had obtained a Hong Kong passport in China before, dual nationality is allowed here. Therefore, on Wikipedia , Yang Huiyan's nationality has become Cyprus, but the domestic website still shows that it is Chinese nationality.
02
Rich immigrants took away trillions of assets?
At present, there are two states of immigrating to rich people. One is to settle abroad for a long time, such as BBK founder Duan Yongping , who has lived in the United States after immigrating. One is that although I have immigrated, I have settled in China for a long time, and because my career is still here, most immigrant wealthy people are in this state.
However, glass king Cao Dewang once said that it is not as simple as a person leaving, but also to take away all the assets owned by China.
was rated as "ghostly spirit" by Cao Dewang Pan Shiyi . In the past few years, the routine of denying running away while quickly transferring assets was staged. Pan Shiyi used himself as a shield, but in fact his wife and children had immigrated, and the tens of billions of cash out had already been transferred abroad. In the past two years, I have stopped pretending and have to sell SOHO China and run away completely.
These well-known wealthy people have assets of tens of billions or hundreds of billions of dollars. There are tens of thousands of wealthy people immigrate every year, and the assets taken away have already exceeded one trillion.
is not just a wealthy person who immigrated, but a wealthy person who has not yet immigrated. is also transferring assets through offshore trust . Jack Ma, Liu Qiangdong, Wu Yajun and other rich people have set up offshore family trust .
Rich immigrants take away wealth is undoubtedly a huge loss of assets. At the same time, it will also bring bad social impact.
03
Why do the rich want to immigrate?
Many people can’t understand why they must immigrate. The Chinese have a strong family culture and pay attention to returning to their roots. Even when they go far away, they often return to their familiar hometown. What's more, foreign cultures, diet, language, system, and skin color are different, and some countries even reject them.
In fact, why do you need to immigrate? Li Ka-shing said a reason for a long time, that is, the tax rate issue. simply means to avoid taxes. Many countries have the name of "tax haven". For example, St. Kitts, Grenada has a zero-tax system, and some countries have low corporate tax and value-added tax.
Singapore is becoming more and more popular among Chinese rich people, and it is also because of the tax rate. Personal income tax shall not exceed 20%, corporate income tax shall be up to 17%, and there shall be no inheritance tax. At present, the maximum tax rate for personal income tax in the country is 45%. Zhang Yong, founder of , immigrated to Singapore and quickly became a foreign businessman and could enjoy various preferential policies.
Of course, Singapore still has many advantages, most of which are Chinese and do not have identity pressure in life. The educational resources are also very high-quality, which can meet the educational needs of the rich. Travel is also very convenient, and there are many countries with visa-free visas in Singapore. Therefore, when a wealthy immigrate to Singapore, it can facilitate global asset layout and allow family wealth to be well inherited and appreciated.
However, as economist Zhang Jie said, these rich people have become rich by relying on the dividends of economic development, which is the common achievement of the people of the whole country. This is true. If the rich have no sense of social responsibility and are dedicated to interests, then a country will not have a future.
