© IE Online Media Services Pvt Ltd
Tags:
Journalism of Courage
Top 10 countries for millionaire migration in 2025: 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.
Below are the top 10 countries projected to attract the largest net inflows of high‑net‑worth individuals (HNWIs) this year:
| Rank | Country | Millionaire Migration | Wealth (USD bn) | Millionaire Growth % |
| 1 | UAE | 9,800 | 63 | 98% |
| 2 | USA | 7,500 | 43.7 | 78% |
| 3 | Italy | 3,600 | 20.7 | 20% |
| 4 | Switzerland | 3,000 | 16.8 | 28% |
| 5 | Saudi Arabia | 2,400 | 18.4 | 55% |
| 6 | Singapore | 1,600 | 8.9 | 62% |
| 7 | Portugal | 1,400 | 8.1 | 38% |
| 8 | Greece | 1,200 | 7.7 | 24% |
| 9 | Canada | 1,000 | 5.7 | 26% |
| 10 | Australia | 1,000 | 5.6 | 30% |
Source: New World Wealth
Note:
India is not among the top 10 countries attracting millionaires in 2025; instead, it is in the bottom three this year, ranking #57 globally.
This is because it is expected to experience a net outflow of approximately 3,500 millionaires in 2025, as Indian HNWIs are moving abroad in search of lifestyle, security, education, and fiscal benefits.
Nonetheless, despite the outward migration, India’s millionaire population has grown by 72 per cent over the past decade (2014 to 2024), showcasing a strong domestic wealth creation trend.
| Rank | Country | Millionaire Migration | Wealth (USD bn) | Millionaire Growth % |
| 57 | India | 3,500 | 26.2 | 72% |
