Former conference member from Texas Kevin Brady discusses the economic policy of President Donald Trump and potential tax increases on the rich on ‘The Bottom Line’.
This year the US is expected to see a net inflow of around 7,500 foreign millionaires – which have an estimated $ 43.7 billion in wealth – because the UK experiences an important outflow of its rich.
About 142,000 millionaires around the world are expected to migrate to a new country in 2025. The countries that receive the largest number of millionaires are the United Arab Emirates, the US, Italy, Switzerland and Saudia Arabia, according to a newly released preliminary report from investment consultancy firm of investment consultancy firm Henley & Partners.
US created a striking number of new millionaires in 2024, reports finds
The benefits of millionaire migration include contribute to the income of the Forex, often starting new companies, stimulating the local stock market and stimulating the middle class, creating indirect jobs through their purchasing power and being able to have a multiplication effect on wealth growth, the report noted.
The VAE is at the top of the list of million migration, with a net inflow of around 9,800 millionaires who have an estimated wealth of around $ 63 billion. The country in the Middle East has seen an increase of 98% in millionaires between the years of 2014 and 2024. The “welcome immigration policy” of the country, zero income tax, strong infrastructure and political stability are all factors that make it attractive to high -quality private individuals, Henley & Partners said.
The VAE is at the top of the list of million migration, with a net inflow of around 9,800 millionaires who have an estimated wealth of around $ 63 billion. (Fadel Senna / AFP via Getty Images / Getty images)
The US is number 2 on the list, with a net inflow of 7,500 millionaires, which yield around $ 43.7 billion in wealth. From 2014 to 2024, the US has seen an increase of 78% in millionaires. Henley & Partners said that the EB-5 Immigrant Investor Program of the Land, which was founded in 1990 and raised more than $ 50 billion in direct foreign investments, and a general “entrepreneurial ecosystem” that is “unparalleled in supplying transformative growth potential”, the US an ideal location for rich people.
The US is number 2 on the list, with a net inflow of 7,500 millionaires, which yield around $ 43.7 billion in wealth. ((Photo by Roy Rochlin / Getty Images) / Getty Images)
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Italy follows number 3 and wins 3,600 millionaires with an estimated wealth of $ 20.7 billion. The number of millionaires has risen by 20% in Italy from 2014 to 2024.
Switzerland is number 4 on the list and is expected to deliver 3,000 millionaires with a wealth of around $ 16.8 billion. The country has seen an increase in plural of millionaires by 28% from 2014 to 2024.
Saudi Aarabia follows at the rear of number 5 on the list, with 2,400 millionaires to migrate to the country and bring $ 18.4 billion. From 2014 to 2024, the country has seen an increase of 55% in millionaires.
In the meantime, the VK, China, India, South Korea and Russia are losing millionaires respectively.
Millionaires shoot these countries more than all other countries
The UK falls at the very bottom of the list, with a projected net flow of 16,500 millionaires, with an estimated wealth of $ 91.8 billion. From 2014 to 2024, the country has seen a decrease of 9% in millionaires.
The UK expects an outflow of 16,500 millionaires from the country. (Julia Kilian / Picture Alliance via Getty Images / Getty Images)
Behind is China, which is expected to lose 7,800 millionaire with $ 55.9 billion in wealth. The country has seen an increase of 74% in millionaires from 2014 to 2024.
The third place on the list is India, with a net flow of 3,500 millionaires who have an estimated wealth of $ 26.2 billion. From 2014 to 2024 the number of millionaires in India has increased by 72%.
The fourth place on the list is South Korea, with an external migration of 2,400 millionaires with a wealth of $ 15.2 billion. The number of millionaires in the country has risen by 17% from 2014 to 2024.
South Korea had an external migration of 2,400 millionaires with a wealth of $ 15.2 billion. (Ed Jones / AFP via Getty Images / Getty Images)
The fifth to go on the list on the list is Russia, which is expected to lose 1500 millionaires with a wealth of $ 14.7 billion. From 2014 to 2024, the number of millionaires in the country has fallen by 25%.
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In his recently released Gapens report worldwideUBS discovered that the US won more than 379,000 new millionaires in 2024. The total number of millionaires in the US climbed by 1.5% in 2024 and hit 23.8 million, according to the report.
