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Money is becoming more mobile than ever, and France is feeling the effects. The country saw a net loss of around 800 millionaires in 2025, with many citing political uncertainty and concerns over higher taxes on wealth, even though they represent only a tiny fraction of France's 2.4 million millionaires. Popular destinations include the UAE, Italy, Switzerland, Monaco and Portugal, where more favourable tax regimes continue to attract wealthy entrepreneurs and investors. Sometimes the toughest competition between countries isn't for tourists or talent-it's for the people bringing investment with them.