The 2025 Henley Private Wealth Migration Report reveals a notable shift in global migration trends among high-net-worth individuals (HNWIs), with only 3,500 indian millionaires expected to leave the country this year—a significant drop from the 4,300 who exited in 2024 and the 5,100 in 2023.
This declining trend suggests a potential stabilization or renewed confidence among indian millionaires in domestic economic opportunities, political stability, or investment climate. government schemes aimed at improving the ease of doing business, coupled with India’s booming stock markets and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital innovation sectors, might be influencing this change. While india still ranks among the top nations losing wealthy individuals, the trendline appears to be reversing, at least temporarily.
On the other hand, the united kingdom tops the chart for millionaire outflows in 2025, with an estimated net loss of 16,500 HNWIs—more than double that of China, which stands at 7,800. This is a dramatic shift for a country that once attracted global elites with its economic stature and cosmopolitan lifestyle.
Since Brexit in 2016, however, the UK has faced repeated economic challenges, policy uncertainty, and reduced global competitiveness, contributing to a continuous exodus of wealth. The departure of high-earning individuals suggests deeper structural problems in the UK economy and a growing disillusionment with its post-Brexit financial landscape. Notably, this makes the UK the first european country to lead the world in millionaire outflows, according to Henley & Partners CEO Dr. Juerg Steffen.
This trend isn't limited to the UK alone. France, Spain, and germany are also witnessing a steady erosion of their millionaire populations, with projections of over 800, 500, and 400 wealthy individuals, respectively, leaving these nations in 2025. These countries have faced increasing taxation, political polarization, and slower economic growth, all of which have contributed to dissatisfaction among their affluent citizens.
In contrast, once-favored destinations such as Australia, Canada, New Zealand, and Singapore—which previously saw steady millionaire inflows—are now experiencing stagnation in attracting wealthy migrants. This shift reflects changing geopolitical priorities, rising cost of living, stricter immigration policies, and more complex tax environments. As traditional powerhouses lose their appeal, the global map of wealth migration appears to be entering a transformative new phase.
This declining trend suggests a potential stabilization or renewed confidence among indian millionaires in domestic economic opportunities, political stability, or investment climate. government schemes aimed at improving the ease of doing business, coupled with India’s booming stock markets and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital innovation sectors, might be influencing this change. While india still ranks among the top nations losing wealthy individuals, the trendline appears to be reversing, at least temporarily.
On the other hand, the united kingdom tops the chart for millionaire outflows in 2025, with an estimated net loss of 16,500 HNWIs—more than double that of China, which stands at 7,800. This is a dramatic shift for a country that once attracted global elites with its economic stature and cosmopolitan lifestyle.
Since Brexit in 2016, however, the UK has faced repeated economic challenges, policy uncertainty, and reduced global competitiveness, contributing to a continuous exodus of wealth. The departure of high-earning individuals suggests deeper structural problems in the UK economy and a growing disillusionment with its post-Brexit financial landscape. Notably, this makes the UK the first european country to lead the world in millionaire outflows, according to Henley & Partners CEO Dr. Juerg Steffen.
This trend isn't limited to the UK alone. France, Spain, and germany are also witnessing a steady erosion of their millionaire populations, with projections of over 800, 500, and 400 wealthy individuals, respectively, leaving these nations in 2025. These countries have faced increasing taxation, political polarization, and slower economic growth, all of which have contributed to dissatisfaction among their affluent citizens.
In contrast, once-favored destinations such as Australia, Canada, New Zealand, and Singapore—which previously saw steady millionaire inflows—are now experiencing stagnation in attracting wealthy migrants. This shift reflects changing geopolitical priorities, rising cost of living, stricter immigration policies, and more complex tax environments. As traditional powerhouses lose their appeal, the global map of wealth migration appears to be entering a transformative new phase.
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