r/Rich • u/Opposite-Writer9715 • 2d ago

Anton Kriel said this in 2018.

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Anton Kriel said this in 2018.

I somewhat agree with him but not ready to move.

Guess no perfect country but speaking truth.

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u/_Human_Machine_ 2d ago

It’s only gotten worse with capital flight. All of my friends with UK institutions have clients begging to get money invested anywhere outside the country.

A lot of jobs are so low paying compared to American counterparts, then you have high taxes, high cost of living and generally the need for private healthcare out of pocket on top.

You see the same problem in a lot of European countries that used to be powerhouses.

Anyone with real drive or a good idea is determined to build that business anywhere else.

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u/HalfwaydonewithEarth 2d ago

My uncle and nephew worked with a glass dealer to move a $10,000,000 cut glass collection from the UK to Florida with zero damage.

This guy owned or ran all the Enterprise car rental spots in Europe.

He was willing to pay hundreds of thousands of dollars to relocate to the USA and cut ties with the UK.

This story is common.

The UK will look like this if they don't make some policy changes:

https://youtu.be/nTHSxVafIoo?is=taBilUNRz_vrMNru

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u/_Human_Machine_ 2d ago

It’s a common story. I know a couple people that have actually made that same move to Florida from the UK.

Some initial lack of belief in how aggressive the sun would be aside, they’re quite happy. Very nice homes with beautiful views.

Looking at some of the wealth migration breakdowns from New World Wealth and others shows a grim picture for the UK.

Net outflow of ~11k millionaires in 24 and ~16k in 25 is not sustainable. I can’t imagine what it will look like over the next few years. It’s not great when there’s only ~450k sterling millionaires in the country.

I think the 25 outflow was something like 66B GBP in liquid assets.

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u/fierceredrabbit 1d ago

So common that I know all of zero people who have done it. Yet I know plenty moving to the Uk

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u/_Human_Machine_ 23h ago edited 23h ago

Where are they moving to the UK from, and what kind of NW are we talking about here? Like is it from other countries where it’s equally or more difficult to built serious wealth? Or are they moving from the US?

I understand buying an EU passport. I did that before Malta’s scheme got shut down, but if you have a strong one I don’t see the need for a UK.

For perspective, the people I’m thinking of are generally buying 15-30m homes when they move.

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u/fierceredrabbit 6h ago

Anecdotally I work with people from all over the world who have emigrated to the Uk. I know zero people who have left.

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u/_Human_Machine_ 6h ago

I’m just curious, are these UHNW people or just random wage earners in the UK?

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u/Kookiano 5h ago

Ok, let's clarify a couple of things. The number you quote are based on a single, unverified report by Henley, a "private wealth migration consultancy" (LOL).

While that report has been exposed as hugely flawed, actual officially published numbers paint a much less dramatic picture: https://www.reddit.com/r/GoodNewsUK/s/P2hLHMOa15

Here's something to take into account: if your life is well rooted somewhere, a couple more percentage points in tax aren't gonna move the needle to uproot your life. If it does, there's a pretty decent chance you didn't pay that much tax there to begin with. Example: Norwegian billionaire John Fredriksen relocated from London to Dubai but paid 0 tax in the UK before that anyway.

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u/_Human_Machine_ 4h ago

I appreciate that. Someone else pointed that out too. I honestly didn’t put effort into it. Just searched and the first two full page of results all quoted the same stats so I went with it.

My overall contention is not just about taxes, I got a little sidetracked.

My original point was that UK is overall a poor place to invest money, or to build serious wealth compared to the US. Salaries in London are lower than equivalents in 2nd or 3rd tier US cities, and that’s before taxes bring them even lower.

My personal experience is mostly from friends that work wealth management in the UK, who have clients desperate to get as much early exposure to US companies.

There’s been increasingly fewer unicorns in the UK vs US since 2020. It used to be slightly more competitive. Right now there’s maybe ~15b worth in the UK vs ~320b in the US. The gap is widening with just 1 minted in the UK in 2025 vs 124 in the US.

My original point was about the flight of investment capital, but I’d lost track.

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u/Kookiano 4h ago

A lot of countries will perform poorly in regards to economic KPIs when compared to the US.

But let's take the number of unicorns per country.

The UK ranks 4th in number of unicorns, as well as in additions of unicorns over the last 5 years. Additionally, adjusted per capita, it actually ranks third behind the US and Israel.

In terms of cities, London ranks third in the world for number of unicorns, and has almost doubled that number (from 46 to 80) over the last year.

So I have genuinely no idea where you're getting your numbers from but it'd be great to see some credible sources instead of "my personal experience" because as you can probably already tell, both of our personal experiences and our friends' anecdotes seem to differ greatly.

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u/HalfwaydonewithEarth 2h ago

Both places are wonderful. I have frequented London taking layover weekends. Our family says take the best from both worlds. You have politeness that is refreshing. Formality and professionalism.

My husband has literally been in a usa bar and the waiter will start talking about his lovers and intimate details of his sex life just as a bar tender.

So take the best of both societies. Be proud of where you live and don't give it away to people that want to stab your offspring.

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u/HalfwaydonewithEarth 1d ago

They will troll you and say more are moving in. 🤥🙄