Hey expats. What do 47 millionaires have in common? That’s right, they read Money Abroad 🔥

Welcome to the first-ever edition of our quarterly expat net worth report! 🎉

Today in 10 minutes or less, you’ll learn:

P.S. If you have been getting value, share Money Abroad with just one friend today: 🙏

At the start of every quarter, I aim to publish a net worth snapshot from the previous quarter’s new subscriber cohort.

My goal is to provide expats with a transparent, up-to-date resource on net worth and income data from their peer group.

As far as I know, you won’t be able to find this data anywhere else (not publicly anyway).

All numbers below are self-reported in USD

*survey created on February 18th

Residence countries (top 10)

Origin countries (top 10)

Age: 83% fall within 25-44 age range, including 56% within 26-34

Gender: 1/3 female, 2/3 male

Financial knowledge: 57% intermediate, 33% beginners, 10% advanced

Alright, let’s dive into the juicy stuff.

55% of expats have at least $100k in wealth, while 27% have under $50k.

What surprised me: 15% are millionaires! 🤯

Net worth by age: Trend is obvious: Older age, higher net worth.

Net worth by countries: Pretty volatile chart honestly.

What was interesting to me: Net worth distribution looks roughly similar across expats in top 5 countries, except Australia.

Net worth by gender: Sadly, within this cohort, women have less wealth than men. I hope to see this change in future cohorts.

Financial knowledge by net worth: Here we can see another trend: Higher net worth correspond with higher levels of financial knowledge.

50%+ of expats are earning $120k / year (or more). I expected this as expats are a high-earning group.

What caught my eye: ~15% are making $600k+ / year ⚡

🇸🇬 Due to rising rent prices, 7 in 10 firms ready to move Singapore expat staff overseas (Reddit)

🍜 Ramen maker Nissin sales up 41%; also performed well during 2008 recession (FD/Reuters)

🇺🇸 Next wave of US remote work is about outsourcing jobs overseas (WSJ)

🇵🇹 Why the “Robinhood of Passports” says it’s a mistake to ban Portugal golden visas (BI)

🇮🇳 India and China in dispute over blocking each other’s journalist visas (NHKJapan)

🇺🇦 Ukraine's Foreign Minister welcomes suggestion that Russian athletes could be denied visas (ITG)

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Have any juicy expat money questions or tips? Reply or DM me on Linkedin. I read every message.