Where Do the World’s Richest Move? Top Destinations for Millionaire Migration in 2025
Where Do the World's Richest Move? Top Destinations for Millionaire Migration in 2025
Henley Report reveals a record-breaking exodus of high-net-worth individuals, reshaping global wealth geography
A record 142,000 millionaires are expected to relocate across international borders in 2025, according to the Henley Private Wealth Migration Report 2025, a new high that signals a significant shift in global wealth distribution and migration trends.
The report, published by global investment migration consultancy Henley & Partners, outlines how ultra-wealthy individuals are actively seeking countries with low taxes, high political stability, top-tier infrastructure, and strong legal systems.
Top 10 Destinations for Millionaire Migration in 2025
These countries emerged as the most attractive homes for the world’s wealthy:
- United Arab Emirates – 9,800 millionaires
With zero income tax, political stability, world-class infrastructure, and a pro-capital regulatory environment, the UAE continues to be the number one choice. This year’s expected inflow is valued at an estimated $63 billion (₹3.57 trillion). - United States
Despite high taxes in some states, the U.S. remains a magnet due to its innovation hubs, education, healthcare, and investor visa programs. - Italy
Italy’s residency-by-investment options and flat tax on foreign income have helped it attract the global elite looking for lifestyle, history, and a favourable financial framework. - Switzerland
With its strong banking system, neutrality, and high standard of living, Switzerland continues to attract wealthy families, especially from Europe and Asia. - Saudi Arabia
Rapid transformation through the Vision 2030 program, tax incentives, and investment opportunities in mega-projects have put Saudi Arabia firmly on the global wealth map. - Singapore
A long-time favourite, Singapore offers excellent education, efficient governance, and no estate duty making it particularly appealing to Asian millionaires. - Portugal
Through its Golden Visa program and attractive tax regime, Portugal remains one of Europe’s top wealth destinations. - Greece
Greece’s real estate investment options and Golden Visa scheme continue to draw retirees and investors alike. - Canada
Known for its quality healthcare, safety, and strong economy, Canada remains a solid choice for long-term family migration. - Australia
With robust property markets, high living standards, and lifestyle appeal, Australia continues to draw high-net-worth individuals from Asia and the UK.
Why Are Millionaires Moving?
The top reasons include:
- Favourable tax policies, particularly countries with no estate duty or low inheritance taxes
- Safety and political stability
- Better quality of life – access to elite education, healthcare, and scenic living
- Retirement and business expansion opportunities
As wealth migration continues to accelerate, countries offering security, strategic benefits, and wealth-friendly regulation are gaining influence, reshaping the global financial and social landscape in the process.
