See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Rich Americans are preparing for possible ‘instability’ by getting second passports

Posted on AllSides April 13th, 2024
From The Right

Henley & Partners, a law firm that specializes in garnering dual citizenship for the wealthy, is seeing a rise in clients applying for a second citizenship in anticipation of “volatility and uncertainty.” “The U.S. is still a great country, it’s still an amazing passport,” Henley & Partners executive Dominic Volek reportedly said Tuesday, adding, “But if I’m wealthy, I would like to hedge against levels of volatility and uncertainty.” Volek continued, “The idea of diversification is well understood by wealthy individuals around what they invest. It makes no sense to...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right