A Landmark Year for Wealth Migration
The landscape of wealth migration underwent another transformative year in 2024, with 134,000 high-net-worth individuals relocating and establishing new domiciles worldwide. This exceeded initial forecasts driven by robust inflows to the UAE, USA, and Italy, alongside higher-than-expected departures from the UK. Looking ahead to 2025, projections indicate an even greater surge in millionaire migration, with 142,000 high-net-worth individuals with liquid investable wealth of USD 1 million or more expected to seek new horizons. This represents the most significant wealth migration wave ever documented and reflects fundamental changes in how affluent individuals approach geographic and financial planning. Figure 1. Millionaire Migration, 2013–2025 Forecast Note: Figures rounded to the nearest 1,000. The Covid-19 pandemic prevented millionaire migration tracking in 2020 and 2021. Sources: New World Wealth December 2024 data The magnitude of this shift becomes clearer when viewed against the backdrop of recent years. From a pre-pandemic peak of 110,000 mobile millionaires in 2019, we saw numbers plummet during…

