Top 10 Countries for Millionaire Migration in 2025: A Shift in Global Wealth Dynamics
A major shift in global wealth migration is reshaping the financial landscape. According to the Henley Private Wealth Migration Report 2025, a record 142,000 millionaires are expected to relocate across borders this year, surging to a projected 165,000 by 2026.
The United Arab Emirates (UAE) continues to top the list of destinations attracting high-net-worth individuals (HNWIs), with an estimated inflow of 9,800 millionaires in 2025.
This trend is driven by strong interest from regions including the United Kingdom, India, Russia, Southeast Asia, and Africa, aided by the UAE’s appealing golden visa policy.
In stark contrast, the United Kingdom is projected to witness the highest outflow of millionaires, with around 16,500 expected to leave.
This is more than double the expected outflow of 7,800 from China, which ranks second in millionaire losses this year, having led that trend for the past decade.
Saudi Arabia has emerged as the fastest riser, with 2,400 new millionaires expected, largely driven by returning citizens and foreign investors flocking to cities like Riyadh and Jeddah.
Traditional wealth hubs such as Singapore, Australia, Canada, and New Zealand are seeing historically low inflows this year, signalling a waning appeal among affluent entrepreneurs.
The unprecedented movement of millionaires constitutes the largest voluntary transfer of private wealth in contemporary history, heralding a significant realignment of economic power.
As a result, countries today are competing not only for talent but also for the accompanying wealth, which could establish them as new wealth centres.
Top 10 Countries Attracting the Largest Inflows of Millionaires in 2025:
Below are the top 10 countries projected to attract the largest net inflows of high-net-worth individuals (HNWIs) this year:
Major Shift in Global Wealth Migration: Top 10 Countries for Millionaire Relocation in 2025
A seismic shift in the global financial landscape is underway as the Henley Private Wealth Migration Report 2025 reveals that a record 142,000 millionaires are expected to relocate across borders this year, with projections soaring to 165,000 by 2026. This unprecedented movement signifies the largest voluntary transfer of private wealth in contemporary history, reshaping economic power dynamics worldwide.
UAE: The Magnet for Millionaires
Leading the charge is the United Arab Emirates (UAE), which is set to attract an estimated 9,800 millionaires in 2025. The UAE’s appeal is bolstered by its attractive golden visa policy, drawing interest from affluent individuals in regions such as the United Kingdom, India, Russia, Southeast Asia, and Africa. The country’s thriving economy and luxurious lifestyle continue to make it a prime destination for high-net-worth individuals (HNWIs).
UK and China: The Outflow Leaders
In stark contrast, the United Kingdom is projected to experience the highest outflow of millionaires, with around 16,500 expected to leave. This figure more than doubles the anticipated 7,800 departures from China, which has historically led the trend of millionaire losses. The shifting political and economic climate in the UK appears to be driving affluent individuals to seek more stable environments.
Saudi Arabia: The Rising Star
Saudi Arabia is emerging as a surprising contender in the millionaire migration race, with 2,400 new millionaires expected to call the kingdom home. This influx is largely attributed to returning citizens and foreign investors flocking to burgeoning cities like Riyadh and Jeddah, signaling a shift in the region’s economic landscape.
Traditional Wealth Hubs Losing Appeal
Meanwhile, traditional wealth hubs such as Singapore, Australia, Canada, and New Zealand are witnessing historically low inflows of millionaires this year. This trend indicates a waning appeal among affluent entrepreneurs, prompting these nations to reassess their strategies for attracting high-net-worth individuals.
The New Wealth Centers
As countries compete for both talent and the wealth that accompanies it, the landscape of global wealth is rapidly evolving. The movement of millionaires not only signifies personal choices but also heralds a significant realignment of economic power, potentially establishing new wealth centers around the globe.
Top 10 Countries Attracting Millionaires in 2025
As the world watches this migration trend unfold, here are the top 10 countries projected to attract the largest net inflows of high-net-worth individuals this year:
- United Arab Emirates: +9,800 millionaires
- Australia: +5,200 millionaires
- Singapore: +4,500 millionaires
- United States: +3,500 millionaires
- Canada: +3,000 millionaires
- Saudi Arabia: +2,400 millionaires
- Switzerland: +2,000 millionaires
- New Zealand: +1,800 millionaires
- Portugal: +1,500 millionaires
- Spain: +1,200 millionaires
This migration trend underscores the importance of creating favorable environments for wealth accumulation and retention, as nations vie to position themselves as the next economic powerhouses.
