• A foreign passport is the latest status symbol, and rich people are spending up to $200,000 to buy it

    1 month ago - By Chron

    Nejron Photo/Shutterstock
    Rich people are buying second passports via Citizenship Investment Programs , which allow them to invest in a country in exchange for citizenship.
    Depending on the country, a CIP can cost anywhere from $100,000 to more than $2 million.
    Having multiple passports offers advantages, but is largely seen as a status symbol among rich people - one expert calls it "the black American Express syndrome."
    While some people take pride in their stamp collection, some high-net-worth individuals bask in the glory of a different type of collection: passports.
    Through Citizenship...
    Read more ...

     

  • A foreign passport is the latest status symbol, and rich people are spending up to $200,000 to buy it

    A foreign passport is the latest status symbol, and rich people are spending up to $200,000 to buy it

    1 month ago - By Business Insider

    Rich people are buying second passports via Citizenship Investment Programs , which allow them to invest in a country in exchange for citizenship.
    Depending on the country, a CIP can cost anywhere from $100,000 to more than $2 million.
    Having multiple passports offers advantages, but is largely seen as a status symbol among rich people - one expert calls it "the black American Express syndrome."
    While some people take pride in their stamp collection, some high-net-worth individuals bask in the glory of a different type of collection: passports.
    Through Citizenship by Investment Programs...
    Read more ...

     

  • A foreign passport is the latest status symbol, and rich people are spending up to $200,000 to buy it

    A foreign passport is the latest status symbol, and rich people are spending up to $200,000 to buy it

    1 month ago - By Business Insider

    Rich people are buying second passports via Citizenship Investment Programs , which allow them to invest in a country in exchange for citizenship.
    Depending on the country, a CIP can cost anywhere from $100,000 to more than $2 million.
    Having multiple passports offers advantages, but is largely seen as a status symbol among rich people - one expert calls it "the black American Express syndrome."
    While some people take pride in their stamp collection, some high-net-worth individuals bask in the glory of a different type of collection: passports.
    Through Citizenship by Investment Programs...
    Read more ...