Juerg Steffen, CEO of Henley & Partners, says there’s been a steady growth in millionaire migration over the past decade, with global figures for 20 expected to be 122,000 and 128,000, respectively. Israel is predicted to tumble out of the Top 10 with its net inflow of millionaires set to almost halve this year to just 600 compared to 1,100 in 2022.ĭr. Switzerland (net inflow of 1,800) and Canada (1,600) are in 5 th and 6 th place, respectively, with Greece (1,200), France (1,000 - double last year’s net intake of 500 millionaires), Portugal (800), and New Zealand (700) all making it onto this year’s Top 10 list for net HNWI inflows. Singapore ranks 3 rd with a net inflow of 3,200 HNWIs, its highest on record, followed the US with an expected net influx of 2,100 millionaires. Note: All HNWI figures are rounded to the nearest 100.Īustralia is expected to attract the highest net inflow of HNWIs in 2023 at 5,200, and although the UAE drops into 2 nd place following its record-breaking influx in 2022, it is still expected to enjoy an impressive net arrival of 4,500 new millionaires this year. The HNWI migration figures focus only on HNWIs who have truly moved - namely, who stay in their new country more than six months a year. The report released today by the leading international residence and citizenship advisory firm Henley & Partners exclusively features the latest net inflows and outflows of dollar millionaires (namely, the difference between the number of HNWIs with investable wealth of USD 1 million or more who relocate to and the number who emigrate from a country) as projected by global wealth intelligence firm New World Wealth, which has been tracking wealth migration trends for over a decade. Perhaps most notably, the UK’s anticipated HNWI flight is double that of last year, when it saw a net exodus of 1,600 millionaires.
This will make the UK the third-biggest loser of millionaires globally after China (net loss of 13,500) and India (net loss of 6,500). The UK is expected to see a net outflow of 3,200 high-net-worth individuals (HNWIs) in 2023 - higher than the projected 3,000 net loss for Russia, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide.
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