COVID showed the rich that they can't just go wherever they want, so now millionaires are rushing to get 2nd passports: report

Wed, 03/01/2023 - 04:52

A swimmer dives into the water in the Bosphorus strait in Istanbul's Bebek district on July 29, 2022. — Turkey was a stand-out during the pandemic and saw almost 1,000 visa applications per month from wealthy individuals, per London School of Economics professor Kristin Surak.
Ozan Kose/AFP via Getty Images

The pandemic is prompting the world's wealthiest people to get a second citizenship, a new report says.
Lockdowns shattered the wealthy's belief that their mobility was foolproof, per consultancy Knight Frank.
At least 13% of the ultra-rich people it surveyed now say they want to apply for new passports.

The COVID-19 pandemic has given the ultra-rich a wake-up call — that their money doesn't guarantee an entry into any country they desire, according to a new wealth report.