When things start getting crazy globally, rich people start looking for backup plans. Bloomberg looks at the uptick in people with enough wealth to secure a second passport, or even multiple passports.
For instance, an Austrian passport costs about $23,750,000, and "applicants are required to invest actively in the local economy. Granting of an Austrian citizenship falls under the government’s privacy laws so it isn’t published or reported anywhere, not even to other countries."
Other countries, notably several small Caribbean nations, have options in the low six figures and also offer tax haven opportunities. Given the historical record, Austria might not be the best place to move if a world war breaks out.
• Where the Super-Rich Go to Buy Their Second Passport (Bloomberg)
16 October, 2018 My wife drops me at the airport in Calgary. I’m traveling to Chicago. A fancy audio hardware company called Shure invited me to the city to check out some of the new tech that they’ll be releasing in the coming months. I pass through security with no issues. As I lace on […]
The Lord of the Rings and Kim Dotcom put New Zealand on the map for wealthy tech moguls seeking a safe space to hole up when disaster strikes. The Trump presidency kicked the bolt-hole craze to levels where Kiwi lawmakers had to put the brakes on the trend among the ultra-wealthy.
They served in the Army, Border Patrol and as police. They have legitimate U.S. birth certificates. But Trump’s government is denying their passport applications and telling them they aren’t U.S. citizens.
If you’re part of the maker community, you know Make:. Though Make: magazine is off the shelves as of this year, the eBooks and resources put out by Maker Media are still a fantastic resource for the new generation of tinkerers, hackers, and robotics geeks. If you’re in that tribe, listen up: they’ve released a […]
Life isn’t getting any less hectic, and pressure cookers are a quick, healthy solution for a growing number of kitchens. But if you thought your Instant Pot was versatile, there’s a major upgrade on the market: The Yedi 9-in-1 Total Package Instant Programmable Pressure Cooker. If you’ve somehow never used a pressure cooker before, try […]
When it comes to data analytics or deep learning, there’s one language behind the apps and algorithms that power the biggest companies of today: Python. The best part about this tool is that as versatile as it is, it’s actually fairly easy to learn. But mastery? For that, you need more than just a beginners’ […]