With so many uncertainties prevailing in the global market, it is anticipated that 2024 will be an important year for the worldwide flow of wealth. Millionaires are moving in search of safety and better opportunities for their families and assets due to rising geopolitical tensions, economic instability, and social turmoil.
The war in the Middle East, the possibility of the closure of the Strait of Hormuz, and changing policies of some of the powerful nations have made the wealthy business class opt to change countries and citizenship. Investment migration has emerged as a crucial tactic for nations hoping to draw in and keep affluent people in this fierce competition to draw in wealth from around the world.
Record Wealthy People Ready to Migrate
According to the Henley Private Wealth Migration Report 2025, a record 142,000 HNWIs (high-net-worth people), who are classified as possessing liquid investable wealth of $1 million or more, would get residency or citizenship status in another nation this year, with estimates rising to 165,000 in 2026.
Top Countries for Millionaire Migration in 2024
The table below shows the countries that have attracted the highest number of migrating millionaires in 2024, along with the estimated wealth they brought with them. The data is based on the report published by Henley and Partners.
| Country | Millionaire Migration | Estimated Wealth of Migrating Millionaires (USD bn) |
| UAE | +9,800 | 63.0 |
| USA | +7,500 | 43.7 |
| Italy | +3,600 | 20.7 |
| Switzerland | +3,000 | 16.8 |
| Saudi Arabia | +2,400 | 18.4 |
| Singapore | +1,600 | 8.9 |
| Portugal | +1,400 | 8.1 |
| Greece | +1,200 | 7.7 |
| Canada | +1,000 | 5.7 |
| Australia | +1,000 | 5.6 |
| Hong Kong (SAR China) | +800 | 5.3 |
| Japan | +600 | 3.1 |
Countries with the Most Migration
The UK, on the other hand, is experiencing the greatest wealth outflow in history, with Henley estimating that 16,500 HNWIs will obtain resident status abroad in a single year.
According to the survey, 7,800 HNWIs are expected to obtain resident status elsewhere in 2025, making China the second-biggest loss.
List of Countries with Most Millionaires
As per the latest Henley Global Report, the most growth in the number of millionaires has been seen in Montenegro; however, the country with the most millionaires remains the US only.
| Country | Millionaire Growth % (2014 to 2024) | Millionaires (USD 1M+) |
| USA | 78% | 6,041,600 |
| China | 74% | 827,900 |
| India | 72% | 310,100 |
| UAE | 98% | 130,500 |
| Poland | 82% | 41,700 |
| Malta | 87% | 12,200 |
| Costa Rica | 72% | 8,400 |
| Panama | 69% | 7,500 |
| Latvia | 70% | 3,400 |
| Montenegro | 124% | 2,800 |
The increasing migration shows the uncertainty in the world. The most millionaire migration is seen in countries like the US and China, because of their strict policies for business. On the other hand, countries like the UAE have succeeded in attracting these millionaires with their pro-business policies.
