Mapped: The Migration of the World’s Millionaires in 2023
Just like everyone else, High Net Worth Individuals (HNWIs) traveled less than usual during the pandemic, and as a result their migration numbers trended downwards. But millionaires and billionaires are on the move again and it is anticipated that 122,000 HNWIs will move to a new country by the end of the year. Henley & Partners’ Private Wealth Migration Report has tracked the countries HNWIs have moved from and to over the last 10 years; this map showcases the 2023 forecasts. In this context, HNWIs are defined as individuals with a net worth of at least $1 million USD. The Countries Welcoming New Millionaires The top 10 countries which are likely to become home to the highest number of millionaires and billionaires in 2023 are scattered across the globe, with Australia reclaiming its top spot this year from the UAE. Here’s a closer look at the data: Rank Country Projected HNWI Inflow 2023 1 🇦🇺 Australia 5,200 2 🇦🇪 UAE 4,500 3 🇸🇬 Singapore 3,200 4 🇺🇸 U.S. 2,100 5 🇨🇭 Switzerland 1,800 6 🇨🇦 Canada 1,600 7 🇬🇷 Greece 1,200 8 🇫🇷 France 1,000 9 🇵🇹 Portugal 800 10 🇳🇿 New Zealand 700