The Accidental MultinationalsThe Accidental Multinationals

Immigrants account for 15% of America’s billionaire wealth, as Forbes reported in 2022,¹ and the vast majority (92%) are self-made. Wealthy tech entrepreneurs continue to arrive in droves, and the United States remains first in foreign direct investment.² Despite the continuing surge in America’s wealth and the opportunities being attributed to immigrants and foreign investors, tax and estate planning remains focused on domestic wealth accumulation and preservation. Regardless of the countries or continents that the newer generations of wealth hail from, they share certain common barriers to wealth preservation, stemming from cultural norms, financial commitments to their family abroad and political instability in their native countries....