Millionaire Migration Is Booming in 2025: Top Countries Attracting the World’s Wealthy
A record-breaking 142,000 millionaires are expected to relocate globally this year — and the global wealth map is shifting fast.
According to the Henley Private Wealth Migration Report 2025, the global movement of high-net-worth individuals (HNWIs) is accelerating like never before. Driven by tax incentives, safety, lifestyle quality, and political stability, the world’s richest are seeking new homes that offer long-term security and opportunity.
Topping the list of millionaire magnets is the United Arab Emirates, projected to see a net inflow of 9,800 millionaires in 2025. The UAE’s appeal lies in its zero income tax, investor-friendly Golden Visa program, world-class infrastructure, and regulatory ease. Dubai and Abu Dhabi have become key destinations for global wealth, particularly from the UK, Asia, and Africa.
The United States remains a powerful draw for the wealthy, attracting 7,500 millionaires, thanks to its expansive economic opportunities, deep investment ecosystems, and elite education hubs. Despite domestic political uncertainty, cities like Miami and Silicon Valley continue to attract affluent entrepreneurs and investors.
Italy is a rising star, pulling in 3,600 millionaires from countries like France, Switzerland, and the UK. Competitive estate tax policies and an increasing focus on investment visas make cities like Milan, Florence, and Rome newly attractive for wealthy individuals relocating to Europe.
The Full Top 10 Destination Countries for Millionaires in 2025:
United Arab Emirates
United States
Italy
Switzerland
Saudi Arabia
Singapore
Portugal
Greece
Canada
Australia
Shifting Wealth Dynamics: Who’s Losing?
While some nations are drawing record inflows of millionaires, others are seeing capital walk out the door. The UK tops the global outflow list, set to lose 16,500 millionaires this year — the highest in the world. China and India follow with projected outflows of 7,800 and 3,500 respectively.
Several other European nations — including France, Germany, Spain, Sweden, and Ireland — are also witnessing significant wealth departures. Experts cite growing political instability, rising taxes, and economic uncertainty as key factors driving wealthy individuals to seek more stable environments.
Why Millionaire Migration Matters
This trend isn’t just about rich individuals changing scenery — it has powerful economic implications.
Many of these migrating millionaires are founders, investors, and business leaders who bring capital, build businesses, and influence local economies. According to New World Wealth, about 15% of migrating millionaires are entrepreneurs, and the percentage jumps significantly among centi-millionaires and billionaires.
Countries that offer investment migration programs, stable governance, low taxes, and high quality of life are increasingly reaping the benefits — from real estate booms to startup ecosystems fueled by foreign capital.
The Bigger Picture: What Comes Next?
2025 marks a pivotal moment in the global wealth landscape. As geopolitical shifts, tax reforms, and global economic competition intensify, millionaire migration is set to become a key indicator of future economic trends.
For governments and policymakers, the message is clear: attracting and retaining wealth requires more than just visa options. It demands a strategic mix of safety, opportunity, lifestyle, and trust in institutions. Those who get it right may shape the next global hubs of innovation and prosperity.
