wealth migration report

This year is shaping up to be a watershed moment in the global migration of wealth. As the world grapples with a perfect storm of geopolitical tensions, economic uncertainty, and social upheaval, millionaires are voting with their feet in record numbers, seeking greener pastures and safer harbors for their assets and family interests. The conflicts in Ukraine and Gaza, far from being isolated and contained battlegrounds, have drawn in major world powers, and are threatening to escalate into broader regional and possibly even global conflagrations. At the same time, growing polarization and fragmentation across many of the world’s nations is eroding social cohesion more generally, fueling a rising sense of unease and anxiety.   An unprecedented 128,000 millionaires are expected to relocate in 2024, eclipsing the previous record of 120,000 set in 2023. To put this in perspective, it's a 16% increase from the 110,000 who moved to a new…