The Problem with Elon Musk’s Passport Portfolio
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Elon Musk holds three passports: South African, Canadian, and American. But is his citizenship portfolio really diversified? Today Mr Henderson breaks down how Musk got each passport and shares the pros and cons of this portfolio and how he’d improve the mix if he were in Elon’s shoes.
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00:00 Elon Musk's Triple Citizenship
00:45 South African, Canadian and US Citizenship
02:30 South African Pros and Cons
04:11 Canada
05:05 USA and Political Risks
08:02 Citizenship By Descent
09:06 Renunciation
11:22 What Musk Should Add to His Portfolio
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
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DISCLAIMER: Neither Nomad Capitalist LTD nor its affiliates are licensed legal, financial, or tax advisors. All content published on YouTube and other platforms is intended solely for general informational and educational purposes and should not be construed as legal, tax, or financial advice. Nomad Capitalist does not offer or sell legal, financial, or tax advisory services.
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Nomad Capitalist can help you legally reduce your taxes overseas, become dual citizens, and protect your assets internationally. We help our clients as both the architect and general contractor of holistic offshore strategies that ensure they stay compli...