Global wealth is moving faster across borders, with millionaire migration accelerating in 2025 as high net worth individuals seek lower taxes, better living standards and greater economic stability.
According to New World Wealth and Henley & Partners, around 142,000 millionaires defined as individuals with at least $1 million in investable assets, are expected to relocate worldwide by the end of 2025. That figure is projected to rise to 165,000 in 2026, signalling a sharp increase in wealth migration.
The United Arab Emirates leads global inflows, with a net gain of 9,800 millionaires, driven by low taxes and investor friendly policies. The United States ranks second, followed by Italy, Switzerland and Saudi Arabia. Countries such as Singapore, Portugal, Greece, Canada and Australia are also attracting wealthy newcomers.
In contrast, several major economies are seeing net outflows. The United Kingdom is expected to lose around 16,500 millionaires in 2025, amid high taxes, post Brexit uncertainty and rising living costs. Germany, France and Spain, as well as China, India, Russia and South Korea, are also experiencing wealth losses.
Turkey is estimated to see a net outflow of 100 millionaires in 2025, with roughly $800 million in wealth leaving the country.
Analysts say millionaire migration reflects not only personal choices but also global perceptions of countries’ tax regimes, legal certainty, investment climate and quality of life, pointing to a continued shift of wealth from Western Europe toward the Middle East, North America and parts of Asia.
