Investment Migration Pioneer, Entrepreneur and Investor, Advisor to Governments, Author, Humanitarian, and Global Citizen
Henley and Partners citizenship expert Christian Kälin, who helps to advise clients on the best place to spend their money, estimates that every year, several thousand people spend a collective $2bn (£1.2bn; 1.5bn euros) to add a second, or even third, passport to their collection.
“Just like you diversify an investment portfolio, you want to diversify your passport portfolio,” he says. The option has proven popular with Chinese and Russian citizens, as well as those from the Middle East.
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