May 24, 2017
Best of the Week — First Winner
AP Exclusive: Placing a value – $24 billion – on 'golden visas'
They’re called “golden visas” – legal permission for non-citizens to reside in the U.S. or other countries in exchange for investment. But how much are such investments worth, and who is making them?
These were questions that AP’s Nomaan Merchant set out to answer, encouraged by Greater China news director Gillian Wong.
After months of searching out data from 20-plus countries, analyzing it and interviewing investors, Merchant could report that more than 100,000 Chinese have poured $24 billion in the last decade into "golden visa" programs across the world, and notably in the U.S. – an exclusive AP analysis that earns the Beat of the Week.