Denaturalization Could Create a New Class of Stateless Millionaires as Wealthy Foreign-Born Americans Renounce Citizenship Over Tax Fears
A growing wave of wealthy foreign-born Americans is exploring denaturalization to sever legal ties with the U.S., driven by looming tax hikes and regulatory crackdowns. This reverse exodus risks creating a stateless elite who forfeit passports but retain assets offshore. For corporations and global investors, the trend signals rising volatility in citizenship-linked tax planning and a potential liquidity shift out of U.S. markets. Economic impact: high-net-worth individuals are now weighing legal risks against portfolio optimization.