https://www.henleyglobal.com/newsroom/press-releases/henley-private-wealth-migration-report-2024

Dominic Volek, Group Head of Private Clients at Henley & Partners, says 2024 is shaping up to be a watershed moment in the global migration of wealth. “An unprecedented 128,000 millionaires are expected to relocate worldwide this year, eclipsing the previous record of 120,000 set in 2023. 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. In many respects, this great millionaire migration is a leading indicator, signaling a profound shift in the global landscape and the tectonic plates of wealth and power, with far-reaching implications for the future trajectory of the nations they leave behind or those which they make their new home.”

According to the W15 ranking of the world’s top 15 countries for millionaires published in the report, the number of millionaires in the UK has dropped by 8% over the past decade — while soaring elsewhere. The HNWI population has increased over the last 10 years an astonishing 62% in the USA.