A record-breaking 142,000 high-net-worth individuals (HNWIs)—those with at least $1 million in liquid investable assets—are expected to secure residency or citizenship in a new country this year, according to the Henley Private Wealth Migration Report 2025. That number is set to rise even further, with projections estimating 165,000 such relocations in 2026.
“To have a million dollars in liquid assets—basically money you can access easily—you typically need a net worth closer to $10 million,” explained Nuri Katz, founder of Apex Capital Partners, a firm that advises wealthy clients on investment-based immigration, in a conversation with Forbes.
Once again, the United Arab Emirates tops the list of preferred destinations, expected to attract 9,800 wealthy new residents in 2025, up from 6,700 the year before, according to Henley’s figures.
Saudi Arabia is the fastest-climbing destination in the rankings, projected to draw more than 2,400 millionaire migrants in 2025—a sharp eightfold jump over the previous year—driven largely by the return of Saudi nationals and an influx of international investors choosing to settle in Riyadh and Jeddah.
Meanwhile, the United Kingdom is expected to experience the largest outflow of millionaire residents ever recorded in a single year, with Henley forecasting 16,500 HNWIs will relocate abroad.
China ranks second in terms of net outflows, with 7,800 high-net-worth individuals projected to move their wealth and residency elsewhere in 2025.
