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FEATURED ARTICLE
Israelson: Why wealth migration to New Zealand is growing—fast
The number of wealthy people who relocate to new countries each year is growing steadily, with the platinum class looking at destinations they may not have considered before. One of them is New Zealand.
In just the past 14 months, New Zealand has received more than 700 applications for its “golden visa” offered under Greener Pastures New Zealand, its wealth migration attraction program. Prospective high-net-worth migrants are usually considered to be individuals with US$1 million or more available in net investible assets.
Seven hundred applicants may be a statistical speck among the expected 165,000 high-net-worth people expected to seek new countries this year, but it’s a huge jump from the 115 applications New Zealand received from the wealthy in the previous three years.
How is New Zealand attracting so much interest from UHNW families? Our real estate columnist David Israelson has the inside story.
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MEMBER CONTENT
Stenner: The 10 worries ultra-high-net-worth families lose sleep over
In this two-part series, Thane Stenner explores family challenges ranging from succession and geopolitical risks to cybersecurity and philanthropy. In the process, he argues that proactive planning, candid conversations and coordinated advice are essential to preserving wealth across generations.
"A few years ago, I was sitting in a San Francisco boardroom with a family that had recently sold their technology business for just over $400 million," Stenner writes. "The patriarch—a self-made entrepreneur who had spent 28 years building the company from a garage startup—was visibly exhausted. Not the exhaustion of someone who had just finished a sprint. Something heavier. The kind that sets in when adrenaline finally stops doing its job and reality moves in.
"He slid a legal pad across the table toward me. On it, in neat handwriting, was a list of 10 items. 'These,' he said quietly, 'are what I can’t stop thinking about.'"
These articles are Member Content, provided by Stenner Wealth Partners+
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