World's Richest Expats Live in Russia. Half reporting income of $200,000 per year or more.

Forget the American dream. If you want to make money in a foreign country, the place to go is Russia, which a new survey found to be home to the "wealthiest expats in the world."

A third of all expats in Russia — the highest proportion in the world — make more than $250,000 per year, with almost half reporting an income of $200,000 per year or more, according to a survey commissioned by HSBC Bank International.
"There is a massive lack of competition here in Russia in nearly every sector," said Luc Jones, a partner at the Antal recruiting agency. "Back home, it's much harder to differentiate yourself, while here you can stand out."

High salaries could also be a consequence of the market rather than one's status as a foreigner. There is little difference in compensation between expat and Russian executives, Jones said.

And while the crisis might have thinned the ranks, executives will command high salaries regardless of the economic picture, he said.

"If somebody's doing a good job, they will still be here on the same package, bottom line," Jones said.

The survey, examined the financial circumstances of 3,100 expats living in 26 different countries. It based its rankings on a series of interrelated factors, such as annual income, disposable income, savings and money spent on luxuries.

By any standard — and especially given the crisis-fraught times — Russia's expats live well, the survey said.

Almost 60 percent say they have $4,000 or more every month in disposable income, the second-highest proportion in the world, while 70 percent earn enough to be able to employ at least one person as domestic staff, significantly higher than the global average of 48 percent.

When comparing their lives in Russia with their lifestyles back home, 97 percent say they have more disposable income here, while the same number said they were saving and investing more money than they did when they lived in their home country.
Russia is home to the wealthiest expats -- HSBC's Economic survey

Sept 1, 2010 (Reuters Life!) -- Russia is home to the wealthiest expats, with Eurozone countries falling behind when it comes to paying for foreign expertise, according to a survey of expats on Wednesday.
The third annual report commissioned by HSBC Bank International found finances among expats were generally positive with two-thirds, or 66 percent, saying they have more disposable income to save and invest since moving abroad.
But the survey found expats in Russia enjoyed the greatest wealth overall, having higher salaries, more disposable income and more luxury items like swimming pools, properties and yachts.
Expats in Russia topped the list for the second consecutive years with a third, or 36 percent, reporting earnings of over $250,000 a year -- compared to two-thirds, or 62 percent, of expats in Spain earning below $60,000.
HSBC spokeswoman Lisa Wood said the survey, conducted by research company GfK, showed the wealth gap was widening between the east and west, with expats in emerging economies leaving their counterparts in the Eurozone behind.
"The BRIC (Brazil, Russia, India, China) economies have fared well over the last year and as a result we've seen that these expat locations are particularly strong when it comes to expat finances," Wood said in a statement.
"Eurozone countries were the worst-performing when looking at purely financial criteria and subsequently all featured in the bottom quartile of our league table."
Wood added it was not surprising that ongoing volatility in the Eurozone region was a major contributor to this and was driving expats to seek jobs in countries with higher salaries.
The Expat Economic survey, part of HSBC's Expat Explorer Survey of 4,100 expats from 100 countries, ranked 25 countries on scores linked to annual income, monthly disposable income, and a measure of defined luxuries.
When it came to salaries, the survey found that about 13 percent of expats globally earned $250,000 a year or more.
Russia topped this table followed by Singapore and Bermuda with 32 percent and 27 percent of expats respectively earning this amount.
Mainland Europe took the lowest positions on the table.
While only one quarter, or 26 percent, of global expats on average earn less than $60,000, the survey found 62 percent of expats living in Spain earn below that amount, 47 percent of expats in France and the Netherlands, and 45 percent in Germany.
One in five expats say they are able to pay off debt while working abroad but workers in Britain and Australia are most likely to be accumulating more debt, at 11 percent and 9 percent respectively.

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[stonecold1679]

Im from Florida and i lived in Moscow and omg its the best place to live and the russian ladies r very hot