Mike Novogratz discusses global wealth and citizenship considerations
@novogratz: Novogratz on global wealth trends
Mike Novogratz, the founder of Galaxy Digital, has highlighted the financial landscape of affluent non-Americans in a recent tweet. According to Novogratz, there are approximately 90,000 individuals worldwide outside the United States with a net worth of $50 million or more. This figure represents their total wealth, not just liquid assets.
Highlighting a hypothetical scenario, Novogratz suggests that purchasing a 'gold card'—presumably referring to a citizenship or residency investment option—would require roughly 10 percent of their total wealth. This cost reflects their significant financial capacity but also underscores the lifestyle choices these individuals make. Many affluent individuals are reportedly content with their current residences, benefiting from favorable treatment due to their financial status.
Novogratz's insights point to a growing interest in geopolitical mobility among the wealthy. The consideration of citizenship through investment indicates a trend towards global diversification of personal and financial circumstances, a topic of increasing relevance in today's interconnected world.
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In the previous news, tweet author Mike Novogratz discussed financial strategies to support economic growth.
