The US passport has dipped in value in 2020. Wealthy Americans are looking to diversify. - Business Insider

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The US passport has dipped in value in 2020. Wealthy Americans are looking to diversify.

, an international tax and immigration advisor and lawyer, thinks the numbers could be higher than reported.

Some news reports have hinted at how many prominent Americans are acquiring second passports, notablyBusiness Insider spoke with four experts on where the wealthy are headed — and why they're headed there.There's a few reasons why the ultrawealthy want to get out: America's handling of the coronavirus pandemic, social unrest, and the election.

"I've got a client, a very successful Black entrepreneur, who said, 'I'm just worried about civil unrest,'" Lesperance said. "He said, 'What my biggest fear is is that one of my kids or grandkids are gonna come around the corner and walk in the middle of some altercation.'" Then they need to figure out the timing of their departure, since, as Banipal said, expatriates would generally leave the country around the same time that they receive their second citizenship.

 

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Hopeful wishes and wet dreams. Ain't happening

with SleepyJoe America would be a province of China

January20th2021

Now you need a passport and a Coronavirus vaccine certificate.

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