By Claire Moraa
- 142,000 millionaires are set to migrate from their current countries in search for new homes
- At least 1.5% of the global population are millionaires
There’s a global wealth migration looming with 0.24% of the total global millionaire population planning to relocate in 2025. A good number of these high-net worth individuals are looking at UAE and Singapore as potential locations. With the murky waters in countries facing political and financial instability, the migration is imminent but on the bright side, the number of millionaires is always on the rise as in 2024, there was a 5.1% increase in the number of millionaires.
Why This Matters: Understanding the motivations behind this migration is crucial. The decisions of these millionaires are driven by key factors—ranging from tax considerations to lifestyle and security—that impact their financial and personal well-being. Just a few months ago, out of the 58 millionaires in the world, the A-list billionaires and millionaires resided in the U.S. Now with a Trump presidency, a lot of these people are reconsidering their residency. But it’s not just the recent tariffs slapped on almost every good and service. These potential new locations have an attractive magnet.
Millionaires are looking to grow their wealth in an enabling environment while they continue to enjoy their lives. Security, stability and quality of life are some of the factors attracting the high net worth individuals to these areas. But also, golden visas and crypto-friendly policies come a close second. The world is quickly warming up to crypto and in countries where there’s licensing, regulation and monitoring, high-net worth individuals feel more confident in making crypto investments, knowing that there is a secure and structured environment in place to protect their assets and ensure transparency. This creates an attractive blend of opportunities for growth, while also offering peace of mind regarding the legal and financial infrastructure supporting digital assets.
What’s Next: Countries losing the millionaires may feel the effect in the reduced tax revenue while the receiving countries may notice an increase in investments. If this is not a wake-up call for governments to adopt more flexible, forward-thinking policies, the wealth inequality gap may widen especially in countries where the millionaires are jumping ship.
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