Wealthy Americans Seek Second Passports as Insurance Policy Against Volatility

Wealthy Americans are getting second passports in countries like Portugal, Malta, Greece, and Italy as a "hedge against volatility and uncertainty".

Dual citizenship makes business travel safer and can ease financial transfers in "high-risk countries".

The easiest countries to get dual citizenship include Portugal, Malta, Dominica, Spain, Mexico, Grenada, and others.

Some wealthy people are seeking retirement options abroad, aided by remote work policies.

While the U.S. remains the top destination for millionaires, migration of millionaires globally hit a new high in 2024 with an estimated 128,000 moving countries.