Left-wing millionaires flee America over Trump’s victory

High net-worth investment consultancy says Canada, Australia, the UK, and New Zealand are expats’ top destinations

Millionaire Democrats are lining up in droves to leave the US following Donald Trump’s historic presidential election win.
According to a high-net worth investment consultancy, the number of enquiries about leaving the country had increased fivefold in the 24 hours after the election result was announced.
Dozens of celebrities have said they would consider emigration if Mr Trump won a second term, including Sharon Stone, Cher and Barbra Streisand.
The most popular destinations for millionaire expats are Canada, Australia, the UK and New Zealand, the consultancy told The Telegraph.
The claims come despite Kamala Harris’s policy platform, which threatened higher taxes for Americans who earn more than $400,000 per year.
Arton Capital, a consultancy that helps rich clients move countries and seek citizenship, said it had received five times more enquiries than usual about its services on Wednesday and Thursday.
Armand Arton, the company’s chief executive, told The Telegraph that most of the potential clients were motivated by “ideological and emotional factors” after Mr Trump’s win.
“What we’re seeing is some people that have definitely done their homework before, who are just pulling the trigger now and trying to find the best providers,” he said.
“The phone calls we’re getting are from zip codes in Connecticut, New York and Los Angeles, blue states on the map, after the election results.”
Earlier this year, The Telegraph revealed hundreds of wealthy Britons were planning to leave the UK in anticipation of a Labour government, which has launched a tax raid on the rich.
A survey by the same company shows that around 18 per cent of rich Americans planning to leave the US say Britain would be a likely destination.
All of the other top destinations are English-speaking countries, although Spain and Portugal are also popular.
“We’re speaking with Sotheby’s and with other prime real estate companies, who are saying they are having increased interest by Americans buying properties in London or in the UK,” Mr Arton said.
Data from the Pew Research Center finds that upper-income voters who earn more than $215,000 are more likely to be Democrats. A survey found 53 per cent of top earners leaned Left, while 46 per cent leaned Right.
Ms Streisand, who lives in a 10,000 sq ft home in Malibu, California, told Stephen Colbert earlier this year that she would not be able to “live in this country if [Trump] becomes president”. She said she would most likely move to the UK.
Cher, who endorsed Ms Harris last month in the final days of her campaign, told The Guardian: “I almost got an ulcer the last time. If he gets in, who knows? This time I will leave.”
It remains unclear if either celebrity will follow through on their threat to leave the country.