Billionaires are moving to different countries more frequently due to the Covid-19 pandemic.

Popular destinations include Switzerland, the UAE, Singapore, and the United States.

A report from UBS Group AG reveals that around one in every 15 billionaires worldwide has relocated since 2020.

The report also states that the Middle East and Africa have received the largest portion of the $400 billion in capital brought by these relocating billionaires.

This trend reflects a significant change in the distribution of wealth and investment patterns among the world's wealthiest individuals as they search for new opportunities and environments after the pandemic.