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From London to Riyadh: six expat hotspots that will make you richer

From London to Riyadh: six expat hotspots that will make you richer

We sent a hypothetical young lawyer abroad to find out which income and tax combination would help them grow wealth fastest. The winner may surprise you.

Which country could send you home the richest? Harry Afentoglou

Lucy DeanWealth reporter

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W

hen lawyer Michael Simpson moved to London with his partner, he had to find $32,000 for rent. No, that’s not a typo. Many foreigners are required to pay several months of rent up front to get a rental in the city of nearly 9 million people. It was a huge financial impost, but Simpson doesn’t regret the move at all.

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Lucy Dean
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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Original URL: https://www.afr.com/wealth/personal-finance/these-are-the-expat-hotspots-that-will-make-you-richer-20240819-p5k3i6