Millionaires Bid Adieu to Parisienne Life, Blame Rise in Religious Tensions

Friday, April 1, 2016
By Paul Martin

SputnikNews.com
01.04.2016

Wealthy Parisians are leaving France to live elsewhere citing the rise in religious tensions and a lack of opportunity in the city as reasons to move, according to a report.

The majority of millionaires in Paris have moved to the UK, US, Canada, Australia and Israel. A report titled ‘Millionaire migration in 2015’, published by New World Wealth states that:

“The large outflow of millionaires from France is notable — France is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas.”

The report suggests 7,000 very wealthy people upped and left Paris in 2015, topping the table of western cities that lost their millionaires last year.

According to its team of researchers, “We expect that millionaire migration away from France will accelerate over the next decade as these [racial] tensions escalate.

“In our view, other European countries where religious tensions are starting to emerge such as Belgium, Germany, Sweden and the UK will also be negatively affected in the near future.”

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