Millionaire Migration Trends: These Are the Countries Gaining and Losing Millionaires, 2025
Countries that offer favorable tax rates, a high quality of life, and political stability are increasingly appealing to high-net-worth individuals (HNWIs). This trend often results in significant benefits, such as enhanced investment opportunities and job creation.
In 2025, CEOWORLD magazine conducted an in-depth analysis of millionaire migration trends across nearly 60 major economies. Our comprehensive visualization offers valuable insights into the shifting landscape of global wealth, highlighting regions where wealth is accumulating and those that are experiencing a decline.
In a significant trend, a record 142,000 millionaires around the globe are planning to relocate, with the United Kingdom, China, and India showing the highest numbers of departures. For 2025, projections indicate that the UK will experience its most substantial exodus of millionaires in a decade, with an anticipated loss of 16,500 individuals, more than doubling previous estimates. This shift highlights the countries facing the greatest outflow of wealth, as well as those likely to welcome the highest influx of millionaires.
Countries Gaining and Losing Millionaires, 2025
| Rank | Country | Region | Sub Region | Millionaire Migration | Estimated Wealth of Migrating Millionaires (USD bn) | Millionaire Growth % (2014 to 2024) |
|---|---|---|---|---|---|---|
| 1 | United Arab Emirates | Asia | Western Asia | 9,800 | 63 | 98% |
| 2 | United States | Americas | Northern America | 7,500 | 43.7 | 78% |
| 3 | Italy | Europe | Southern Europe | 3,600 | 20.7 | 20% |
| 4 | Switzerland | Europe | Western Europe | 3,000 | 16.8 | 28% |
| 5 | Saudi Arabia | Asia | Western Asia | 2,400 | 18.4 | 55% |
| 6 | Singapore | Asia | South-eastern Asia | 1,600 | 8.9 | 62% |
| 7 | Portugal | Europe | Southern Europe | 1,400 | 8.1 | 38% |
| 8 | Greece | Europe | Southern Europe | 1,200 | 7.7 | 24% |
| 9 | Canada | Americas | Northern America | 1,000 | 5.7 | 26% |
| 10 | Australia | Pacific | Oceania | 1,000 | 5.6 | 30% |
| 11 | Hong Kong (PRC) | Asia | Eastern Asia | 800 | 5.3 | 3% |
| 12 | Japan | Asia | Eastern Asia | 600 | 3.1 | 5% |
| 13 | Malta | Europe | Southern Europe | 500 | 4.3 | 87% |
| 14 | Thailand | Asia | South-eastern Asia | 450 | 4.2 | 50% |
| 15 | Costa Rica | Americas | Central America | 350 | 2.8 | 72% |
| 16 | Panama | Americas | Central America | 300 | 2.4 | 69% |
| 17 | Cyprus | Europe | Western Asia | 250 | 2.6 | 33% |
| 18 | Monaco | Europe | Western Europe | 200 | 11 | 58% |
| 19 | Cayman Islands (UK) | Americas | Caribbean | 200 | 3.7 | 62% |
| 20 | New Zealand | Pacific | Oceania | 150 | 0.9 | 30% |
| 21 | Montenegro | Europe | Southern Europe | 150 | 1.6 | 124% |
| 22 | Netherlands | Europe | Western Europe | 100 | 0.6 | 31% |
| 23 | Latvia | Europe | Northern Europe | 100 | 0.6 | 70% |
| 24 | Morocco | Africa | Northern Africa | 100 | 0.9 | 36% |
| 25 | Mauritius | Africa | Eastern Africa | 100 | 0.5 | 63% |
| 26 | Austria | Europe | Western Europe | 50 | 0.3 | 18% |
| 27 | Croatia | Europe | Southern Europe | 50 | 0.4 | 64% |
| 28 | Bermuda (UK) | Americas | Northern America | 50 | 1 | 51% |
| 29 | Belgium | Europe | Western Europe | 50 | 0.3 | 14% |
| 30 | Hungary | Europe | Eastern Europe | 50 | 0.3 | 55% |
| 31 | Seychelles | Africa | Eastern Africa | 50 | 1 | 35% |
| 32 | Sweden | Europe | Northern Europe | -50 | 0.4 | 4% |
| 33 | Philippines | Asia | South-eastern Asia | -50 | 0.6 | 32% |
| 34 | Angola | Africa | Middle Africa | -50 | 0.3 | -36% |
| 35 | Turkey (Türkiye) | Europe | Western Asia | -100 | 0.8 | -28% |
| 36 | Taiwan (ROC) | Asia | Eastern Asia | -100 | 0.7 | 65% |
| 37 | Ireland | Europe | Northern Europe | -100 | 0.6 | 40% |
| 38 | Argentina | Americas | South America | -100 | 0.7 | -25% |
| 39 | Pakistan (Islamic Republic of) | Asia | Southern Asia | -100 | 0.5 | -30% |
| 40 | Egypt | Africa | Northern Africa | -100 | 0.8 | -20% |
| 41 | Norway | Europe | Northern Europe | -150 | 1 | -4% |
| 42 | Mexico | Americas | Central America | -150 | 1 | 16% |
| 43 | Colombia | Americas | South America | -150 | 1 | -15% |
| 44 | Lebanon | Asia | Western Asia | -200 | 2.8 | -60% |
| 45 | Iran (Islamic Republic of) | Asia | Southern Asia | -200 | 1.5 | -21% |
| 46 | Nigeria | Africa | Western Africa | -200 | 1.5 | -53% |
| 47 | Indonesia | Asia | South-eastern Asia | -250 | 3 | 42% |
| 48 | South Africa | Africa | Southern Africa | -250 | 1.6 | -12% |
| 49 | Vietnam | Asia | South-eastern Asia | -300 | 2.8 | 65% |
| 50 | Israel | Asia | Western Asia | -350 | 2.5 | 35% |
| 51 | Germany | Europe | Western Europe | -400 | 2.2 | 10% |
| 52 | Spain | Europe | Southern Europe | -500 | 3.1 | 3% |
| 53 | France | Europe | Western Europe | -800 | 4.4 | 7% |
| 54 | Brazil | Americas | South America | -1,200 | 8.4 | -18% |
| 55 | Russia | Europe | Eastern Europe | -1,500 | 14.7 | -25% |
| 56 | South Korea | Asia | Eastern Asia | -2,400 | 15.2 | 17% |
| 57 | India | Asia | Southern Asia | -3,500 | 26.2 | 72% |
| 58 | China (PRC) | Asia | Eastern Asia | -7,800 | 55.9 | 74% |
| 59 | United Kingdom | Europe | Northern Europe | -16,500 | 91.8 | -9% |
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