Global Millionaire Migration 2025: Where the wealth is moving and why it matters

In 2025, the world is witnessing one of the largest shifts of private wealth in modern history and experiencing millionaire migration. Millions of dollars are on the move as wealthy individuals relocate in search of stability, opportunity, and lifestyle advantages. Countries like the United Kingdom, China, and India are seeing record outflows of millionaires, while destinations such as the UAE, the United States, Switzerland, and parts of Southern Europe are emerging as new wealth magnets.

As wealthy people move to other countries, some nations gain new investments and opportunities, while others lose out when their rich residents leave

Countries Experiencing Wealth Outflows

For many years, traditional hubs like the UK, China, and India were attractive destinations for wealthy individuals. However, changing economic conditions, higher taxes, and political uncertainty are now driving high-net-worth individuals (HNWIs) to seek better opportunities elsewhere.

According to 2025 projections, the UK is expected to record the largest millionaire outflow at 16,500, followed closely by China (15,200) and India (4,300). Other nations, including Russia and Brazil, are also seeing notable departures.

This shift highlights how global wealth is no longer tied to traditional centres but is instead moving toward regions that offer stability, investor-friendly policies, and stronger long-term growth prospects.

The UK is holding the highest losing count as per the 2025 records, which is more than other countries. 

• 16,500 millionaires living in 2025, the largest in the world)
• China: 7,800 millionaires
• India: 3,500 millionaires

Where the Wealth is Going

As millionaires and high-net-worth individuals (HNWIs) move globally, certain countries are emerging as top destinations due to their attractive tax policies, business opportunities, and lifestyle benefits. Here’s a detailed look at where the wealth is heading in 2025:

1. United Arab Emirates (UAE) – +9,800 Millionaires

• The UAE offers a tax-free environment, luxury living, and excellent global connectivity.
• Dubai and Abu Dhabi are major hubs attracting investors, entrepreneurs, and families.
• Wealthy individuals enjoy business-friendly policies, modern infrastructure, and access to international markets.

2. United States (USA) – +7,500 Millionaires

• The US remains a global leader in business innovation and investment opportunities.
• Technology, finance, healthcare, and real estate draw entrepreneurs and investors.
• HNWIs benefit from political stability, strong legal systems, and high-quality living standards.

3. Southern Europe – Italy, Portugal, Greece

• Southern Europe combines attractive “golden visa” programmes with desirable lifestyles.
• Residency opportunities, tax incentives, and a relaxed Mediterranean lifestyle.
• Countries like Portugal and Greece are seeing record inflows due to flexible immigration programmes and affordable luxury living.

4. Switzerland – Financial Stability and High Quality of Life

• Long-standing reputation for financial security and wealth preservation.
• Excellent healthcare, education, and standard of living make it a preferred choice for wealthy families.

5. Asia-Pacific Destinations – Thailand, Hong Kong, Japan

• Thailand (+450): Rapidly emerging as a haven with international schools, a growing financial sector, and luxury real estate.
• Hong Kong (+800): Attracts executives from fast-growing tech sectors seeking political and economic stability.
• Japan (+600): Known for security, stable governance, and high-quality infrastructure, drawing wealthy Chinese investors.

6. Central America and the Caribbean – Costa Rica, Panama, Cayman Islands, Bermuda

• Record inflows due to business-friendly policies, attractive residency options, and lifestyle benefits.
• Tropical climate, strategic locations, and lower taxes make these countries appealing for relocation.

7. Africa – Morocco, Mauritius, Seychelles

• Emerging as a hub for international investors seeking lifestyle benefits and favourable tax regimes.
• Coastal living, investor-friendly regulations, and growing international communities.
  

Why Millionaires Are Moving

Millionaires are leaving some countries and moving to others because of a mix of money, safety, and lifestyle reasons:

• Countries like the UK and some EU nations have higher taxes, which can make staying expensive.
• Political changes or unstable economies make it hard to plan for the future.
• Countries like the UAE and Switzerland offer security and predictable rules.
• Business-friendly policies and incentives abroad make it easier to grow their wealth.

Global Winners and Losers in Millionaire Migration

The movement of millionaires’ wealth is creating some countries as winners and others as losers.

Winners: UAE, USA, Switzerland, Italy, Portugal, Greece, Thailand

• They see more money coming in, which helps their real estate markets, financial services, and luxury goods sectors grow.

Losers: UK, China, India, Russia, Brazil

• They may face less investment, which can slow down economic growth and lead to fewer job opportunities for people living there.

When rich people move, some countries gain money and business activity, while others lose it.

What millionaire immigration Means for Businesses and Investors

Millionaire migration isn’t just about wealthy families moving abroad; it has a direct impact on global business and investment trends.

• The UK may see reduced foreign investments and slower economic growth.
• Most countries will experience stronger real estate markets, more startup activity, and job creation.
• Entrepreneurs and investors relocating to these hubs gain access to favorable tax systems, bigger markets, and global networks.

For startups and business owners, moving to a country that welcomes entrepreneurs could mean faster growth and more opportunities.

Immigration Opportunities for Entrepreneurs

The flow of wealthy people around the world is strongly influenced by immigration rules. Countries that make it easier for entrepreneurs and investors to move in see big benefits.

• Canada has a Startup Visa for people with fresh business ideas.
• The UK offers visas for business owners who want to grow their companies there.
• The USA provides the L1 Visa to transfer staff or executives to U.S. offices.
• Europe has Golden Visas and entrepreneur permits for investors and founders.

A new Global Map of Wealth for millionaire migration

The movement of millionaires in 2025 is changing the global economy and creating a new map of wealth. Countries like the UK, China, and India are losing many wealthy people, while places such as the UAE, Singapore, the USA, and Southern Europe are becoming popular new homes for them.

For governments, this shows the need to make better policies so rich individuals stay and invest in their countries. For investors and business owners, it highlights the importance of choosing countries that offer safety, growth, and good opportunities.

In today’s world, immigration plays a key role. It helps people connect their dreams with better markets, lifestyles, and ways to protect and grow their wealth.