Where Are Millionaires Moving in 2025? Top Countries the Rich Are Choosing to Live In
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The global elite are on the move. According to the Henley Private Wealth Migration Report 2025, a staggering 142,000 millionaires are expected to relocate to new countries this year, chasing better opportunities, safer environments, and favourable tax regimes. That number is projected to jump to 165,000 by 2026. So, where are the world’s richest headed - and why?
UAE Leads the Pack in Attracting Wealth
The United Arab Emirates has cemented its position as the ultimate hotspot for high-net-worth individuals (HNWIs), drawing in an estimated 9,800 new millionaires in 2025 alone—up from 6,700 last year. Key reasons include zero income tax, political stability, world-class amenities, and a favourable Golden Visa program that grants long-term residency.
Other Top Destinations for Millionaires
Hot on the UAE’s heels is the United States, forecast to attract 7,500 millionaires this year through channels like the EB-5 Immigrant Investor Program, which links foreign investment to residency. Italy ranks third, followed by Switzerland, while Saudi Arabia is rising fast with an eight-fold increase from last year, set to welcome 2,400 wealthy newcomers.
Countries Losing Their Millionaire Base
On the flip side, the UK is witnessing a dramatic outflow, with 16,500 millionaires projected to seek residency elsewhere - the highest in the world. China follows with a net loss of 7,800. India is also expected to see 3,500 HNWIs move out, while South Korea, France, Spain, and Germany are among other nations watching their wealthy depart.
Why Millionaire Migration Matters
This trend is more than just a game of numbers. As countries compete for not just talent but also capital, these movements signal shifting centres of economic gravity. The UAE, for instance, has transformed from a regional hub into a global wealth destination, thanks to progressive policy reforms and investor-friendly regulations.
Not Always a Full Move - Sometimes Just a ‘Plan B’
Interestingly, not all millionaire "migrants" are actually relocating. Many secure secondary residencies or passports as a backup plan rather than an actual move. “It’s not about leaving permanently—it’s about having options,” says Nuri Katz, highlighting how some simply want flexibility in uncertain times.
How the Rich Are Securing Residency
Only around 30% of millionaires opt for investment migration schemes. The majority pursue residency via other routes such as work, ancestry, family ties, retirement, or dual citizenship by birthright.
The world of wealth is becoming increasingly mobile. Whether for lifestyle, tax benefits, or geopolitical stability, millionaires are reshaping the global economic landscape one move at a time. As the race to attract the wealthy intensifies, countries that offer stability, incentives, and opportunity will continue to dominate the migration charts.
UAE Leads the Pack in Attracting Wealth
The United Arab Emirates has cemented its position as the ultimate hotspot for high-net-worth individuals (HNWIs), drawing in an estimated 9,800 new millionaires in 2025 alone—up from 6,700 last year. Key reasons include zero income tax, political stability, world-class amenities, and a favourable Golden Visa program that grants long-term residency.
Other Top Destinations for Millionaires
Hot on the UAE’s heels is the United States, forecast to attract 7,500 millionaires this year through channels like the EB-5 Immigrant Investor Program, which links foreign investment to residency. Italy ranks third, followed by Switzerland, while Saudi Arabia is rising fast with an eight-fold increase from last year, set to welcome 2,400 wealthy newcomers.
Countries Losing Their Millionaire Base
On the flip side, the UK is witnessing a dramatic outflow, with 16,500 millionaires projected to seek residency elsewhere - the highest in the world. China follows with a net loss of 7,800. India is also expected to see 3,500 HNWIs move out, while South Korea, France, Spain, and Germany are among other nations watching their wealthy depart.
Why Millionaire Migration Matters
This trend is more than just a game of numbers. As countries compete for not just talent but also capital, these movements signal shifting centres of economic gravity. The UAE, for instance, has transformed from a regional hub into a global wealth destination, thanks to progressive policy reforms and investor-friendly regulations.
Not Always a Full Move - Sometimes Just a ‘Plan B’
Interestingly, not all millionaire "migrants" are actually relocating. Many secure secondary residencies or passports as a backup plan rather than an actual move. “It’s not about leaving permanently—it’s about having options,” says Nuri Katz, highlighting how some simply want flexibility in uncertain times.
How the Rich Are Securing Residency
Only around 30% of millionaires opt for investment migration schemes. The majority pursue residency via other routes such as work, ancestry, family ties, retirement, or dual citizenship by birthright.
The world of wealth is becoming increasingly mobile. Whether for lifestyle, tax benefits, or geopolitical stability, millionaires are reshaping the global economic landscape one move at a time. As the race to attract the wealthy intensifies, countries that offer stability, incentives, and opportunity will continue to dominate the migration charts.
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