Jim Rogers, a financial mogul on Wall Street, stated in a media interview: "In the next decade, having only one passport is very dangerous; having a second passport will give you a second chance at survival." Li Ka-shing, China's richest man, also mentioned in an interview: "It is not surprising for some people to have two or three passports. My company's business involves 57 countries, and I use the passport of whichever country is most convenient."
As both of these prominent figures have pointed out, there are many uncertainties in the future, and having an additional passport is a precaution. For high-net-worth individuals, possessing a second passport means more options in global asset allocation, expanding overseas investment markets, business travel, and children's education.
So, what is the value of a passport for high-net-worth individuals?
With so many passports available, which one should you choose?
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