2025 Global Millionaire Migration Trends



Key Highlights:
Net Inflow Countries (Migration Destinations):

🥇 UAE Leads - Net increase of 9,800 millionaires, becoming the most favored destination
🥈 USA Second - Net increase of 7,500, maintaining strong appeal
🥉 Italy Third - Net increase of 3,600
Other popular countries: Switzerland (+3K), Saudi Arabia (+2.4K), Singapore (+1.6K), Portugal (+1.4K)

Net Outflow Countries (Talent Drain):

🔴 UK Most Severe Loss - Net outflow of 16,500 millionaires
🔴 China Second - Net outflow of 7,800
🔴 India Third - Net outflow of 3,500
Other outflow countries: South Korea (-2.4K), Russia (-1.5K), Brazil (-1.2K)

Core Insights:
UAE’s Attraction: Low taxes, luxurious lifestyle, and economic openness are key factors to its success

UK’s Predicament: Expected to lose 165,000 millionaires by 2025, becoming the largest talent outflow country

Global Trend: High-net-worth individuals are moving from high-tax, politically unstable countries to tax-friendly, high-quality-of-life countries

Migration Drivers: Tax policies, quality of life, economic openness, and political stability are the main considerations
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