Business
How the rich are riding out the coronavirus pandemic by using money to cross borders – 7NEWS.com.au
For most people, coronavirus has slammed the travel door shut. But the rich are different – and they want to come to Australia.
For most people, the coronavirus pandemic has meant fewer travel options.
But thats not the case for super-rich families who are increasingly using their money to cross borders that would otherwise be closed to them.
This is the elite world of investment migration, where passport applications are based not on nationality or citizenship, but on wealth and the willingness to move it around the planet.
These so-called citizen-by-investment programs, or CIPs, are currently a growth industry, as a…
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