When The Millionaires Leave…
Executive Summary
142,000 millionaires will relocate across borders in 2025, according to New World Wealth. These migrations don’t just affect the rich — they reshape entire economies. For investors, policymakers, and founders alike, these movements are early signals of growth, decline, or resilience. Where the money goes, opportunity follows.
Sources:
New World Wealth 2025 Forecast
Henley & Partners 2025 Global Wealth Migration Report
OECD Estate & Capital Gains Tax Comparisons
What’s Happening Now?
More than 142,000 millionaires will migrate internationally this year. The top destinations? UAE, USA, Italy, Switzerland, and Saudi Arabia.
And they’re not just chasing sunshine. They're moving wealth, founding companies, listing on local stock markets, and generating forex inflows equivalent to export revenue. Each millionaire can contribute $10M+ in fresh capital, and in the case of centi-millionaires or billionaires, that number skyrockets.
Migration of this kind is not just about lifestyle. It is about:
Security and sovereignty
Tax optimization
Business and legacy planning
Access to education and healthcare
What This Means for Investors
1. Follow the Flow
Wealth doesn't move without a reason. Countries gaining millionaires are usually:
Politically stable
Economically open
Tax efficient
Safe haven countries like Switzerland, Singapore, UAE, Malta, Monaco, and New Zealand are perfect examples — over 50% of their centi-millionaires are foreign-born.
2. Expect Multiplier Effects
When 100 HNWIs move to a new country, the ripple effect can double that country’s millionaire population. Rising asset prices, booming demand in luxury goods, real estate, and private services follow quickly.
3. Get Ahead of the Exit
Net outflows of wealth — like those currently seen in China, UK, South Africa, and India — often signal deeper trouble: rising taxes, political instability, or declining quality of life. Investors and founders can treat this as a leading indicator of decline.
4. Build Where They Land
Invest in businesses that cater to these new residents:
Family offices
Wealth management
Premium education
Prime real estate
Concierge medicine
Tax-efficient corporate structuring
In short: follow the millionaire, and you'll find the next frontier.
What’s Next?
For countries with no estate tax (like UAE, Singapore, and Monaco) or zero capital gains (like Bermuda, Mauritius, and Cayman Islands), the future looks bright. Their immigration frameworks are aligned with their economic interests.
For countries with tightening regulation and rising tax burdens? Expect a continued exodus of top-tier talent, capital, and energy.
If you are:
A policymaker trying to attract talent
An investor looking for resilient markets
A founder thinking about where to build next
...these migration patterns are your cheat code.
Jasmine Blue Capital – Open for Global Families
We track millionaire migration to identify asset classes and jurisdictions with the strongest future upside. We build around mobility, asset protection, and long-term global footprints.
Want to see where our investors are moving next?
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