Marilyn's Photos - Oct 22 2025 - Billionaires lead Millionaire Migration

 

The top 3 billionaire migrants in the world live in the U.S. now - Elon Musk, Sergey Brin and Jensen Huang.  They may be the only 3 as no more names seem to be given.  But then they are among the richest people on the planet.  There are now 125 foreign-born billionaires who are U.S. citizens in 2025. They dominate the $1.3trillion “slice” of US wealth.   The next group is million migrants and they go to UAE, then the US, then Singapore, and Canada is in 4th place.  The factors that lead to migration to Canada include political stability, strong economy and high quality of life. The number that was projected for 2024 was 3,200 millionaires coming to Canada. But really, the news is that 7,500 foreign millionaires will migrate to the US in 2025 bringing with them $43.7 billion. And it may grow this year given the lower taxes and reduced regulations in the U.S.  The countries losing millionaires are China, UK, India, South Korea and Russia.  UK is losing so many because of its tax burden and stagnant economy.  And what about India?  It says taxes are a significant driver and then lifestyle with concerns about pollution, traffic congestion and quality of public services. China’s tech crackdown, their campaign to reduce income inequality by getting the wealthy to donate to philanthropy, and the increased scrutiny over private businesses. And  there’s the economic slowdown.  Russia is seen as having political and economic issues with the Kremlin tightening control while at the same time there is a lack of rule of law so that personal wealth is at risk. And then there’s that war which means Russia has a militarized economy.  And South Korea has high taxes all-round.  I conclude that if you are a billionaire or a millionaire, it is all about money.and keeping it to yourself.  Let’s see how it plays out in 2025 and where it all stacks up. Here’s the cute potting bench at the Royal Botanical Gardens rendered as a watercolour.

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Oct 25 2021 - Cities Bursting with Billionaires

 

Do you want to know what a prop gun and a blank are or do you want to know how many billionaires live in each city/state of the US? I am going for the billionaires as a blank bullet doesn't look safe to me at all given a prop gun still is a gun.  Sounds good in theory, but there's still something inside the gun that gets projected out.  I attribute my lack of confidence in blanks to being Canadian.  In Canada there are 35 guns per 100 residents. In the US it is 121 firearms for every 100 residents.   That's the highest in the world.   So on to billionaires.  Money is widely reported on in all kinds of ways, so an article, outlining the richest people in each state is interesting - pretty pictures of each city, and then reporting on the resident with the top net worth.  The article is HERE.   I guessed New York, New York.   New York: New York | Billionaires residing in New York: 86 - Combined net worth of billionaires in city: $446.0 billion - Wealthiest billionaire in city: Michael Bloomberg ($54.9 billion) - Runner-up city: Oyster Bay (2 billionaires; net worth: $7.5 billion)  So then, where does Jeff Bezos' live?  In Medina, Washington - like Bill Gates.  Washington: Seattle | Billionaires residing in Seattle: 8 - Combined net worth of billionaires in city: $252.2 billion - Wealthiest billionaire in city: Jeff Bezos ($183.1 billion) - Runner-up city: Medina (2 billionaires; net worth: $129.6 billion)  Elon Musk?  He lives in Hillsborough, California - between San Francisco and Silicon Valley. His net worth is $220 billion. Mark Zuckerberg? In Palo Alto, California with a net worth of $120.9 billion.  California: San Francisco | Billionaires residing in San Francisco: 41 - Combined net worth of billionaires in city: $173.8 billion - Wealthiest billionaire in city: Dustin Moskovitz ($17.9 billion) - Runner-up city: Los Angeles (25 billionaires; net worth: $98.8 billion)  Oh well, I guess it doesn't add up when you look at the numbers, but it did seem fun. Here are two of nature's abstracts.

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