In 2023, approximately 122,000 high net worth individuals (HNWIs) are expected to move to new countries. The top 10 destinations are

🇦🇺 Australia: +5.2k people

🇦🇪 United Arab Emirates: +4.5 thousand people

🇸🇬 Singapore: +3.2 thousand people

🇺🇸 United States: +2.1k people

🇨🇭 Switzerland: +1.8k people

🇨🇦 Canada: +1.6k people

🇬🇷 Greece: +1.2k people

🇫🇷 France: +1.0 thousand people

🇵🇹 Portugal: +800

🇳🇿 New Zealand: +700

Data shows that the main reasons why these countries attract wealthy people are economic freedom, tax incentives and investment convenience.

Meanwhile, countries with the largest exodus of high-net-worth individuals include

🇨🇳 China: -13,500

🇮🇳 India: -6.5 thousand people

🇬🇧 United Kingdom: -3.2 thousand people

🇷🇺 Russia: -3.0 thousand people

🇧🇷 Brazil: -1.2 thousand people

🇭🇰 Hong Kong: -1.0 thousand people

🇰🇷 South Korea: -800

🇲🇽 Mexico: -700

🇿🇦 South Africa: -500

🇯🇵 Japan: -300

In some of these countries, strict regulators and corrupt governments prevent high-net-worth individuals from easily managing their money, leading to wealthy emigration.

Overall, millionaires are becoming more mobile. In the 10 years since the report was published, the number of high-net-worth individuals leaving their countries of origin has grown every year, although there has been a decline during the pandemic:

🔵 2013: 51,000 people

🔵 2014: 57 thousand people

🔵 2015: 64 thousand people

🔵 2016: 82 thousand people

🔵 2017: 95 thousand people

🔵 2018: 108 thousand people

🔵 2019: 110 thousand people

🔵 2020: 12 thousand people

🔵 2021: 25 thousand people

🔵 2022: 84 thousand people

🔵 2023: 122 thousand people