Top 10 Countries Gaining Highest Millionaires in the World in 2025

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The United Arab Emirates and the United States lead the global race in attracting millionaires in 2025, according to Henley & Partners. It highlights how 10 countries witnessed a record influx of high-net-worth individuals (HNWIs) with investable assets over USD 1 million.

Hub airports like Dubai International (DXB) and John F. Kennedy (JFK) played pivotal roles in supporting this relocation trend, driven by favourable tax policies, golden visa programs, and economic diversification. Below is a data-driven breakdown of the top countries that are reshaping global wealth patterns in 2025.

Countries Gaining The Highest Millionaires in the World

1. United Arab Emirates

The United Arab Emirates (UAE) welcomed 9,800 net new millionaires in 2025, translating to approximately USD 63 billion in fresh private capital. Investors credited zero personal income tax, a streamlined Golden Visa program, and world‑class infrastructure for this influx.

Megacities like Dubai (DXB) and Abu Dhabi (AUH), among other emirates, benefited directly from these investor‑friendly policies. The UAE continues to attract global wealth through its strategic vision and a robust economic framework.

2. United States of America

In 2025, the United States of America added 7,500 millionaires, injecting about USD 43.7 billion into the American economy. Wealthy individuals favor the EB‑5 Investor Visa, emerging “Gold Card” proposals, and the strength of U.S. capital markets.

Major hubs such as New York (JFK) and Los Angeles (LAX) continue to attract rich migrants despite their higher tax burdens.

3. Italy

Italy recorded 3,600 millionaire arrivals in 2025, adding USD 20.7 billion in private capital. A flat‑tax policy capping foreign‑sourced income at €200,000 annually has enhanced the country’s appeal.

Luxury destinations such as Rome (FCO), Milan (MXP), and Lake Como now serve as popular second‑home markets for European and global elites.

4. Switzerland

Switzerland drew 3,000 millionaires in 2025, whose combined net worth totaled about USD 16.8 billion, by offering its appealing “lump‑sum” taxation scheme and the low‑tax cantons of Zug and Schwyz.

International capital markets continue to gravitate toward Switzerland’s political neutrality, financial security, and precision services.

5. Saudi Arabia

In 2025, Saudi Arabia attracted 2,400 millionaires, adding approximately USD 18.4 billion to its burgeoning economy. The Kingdom’s Vision 2030 reforms have promoted economic diversification, innovation, and a reduced reliance on oil.

Riyadh and the Red Sea coast have become key hubs for incoming wealth and returning nationals. These strategic regions continue to drive the influx of HNWIs.

6. Singapore

Singapore saw 1,600 millionaires relocating to the city-state in 2025, adding approximately USD 8.9 billion in private capital. The small nation reinforced its reputation as a financial and legal stronghold in all of Asia.

Residency‑by‑Investment pathways and a high standard of living attract wealthy individuals. Singapore Changi Airport (SIN) serves as the primary gateway for arrivals from China, India, and the ASEAN region.

7. Portugal

Portugal welcomed 1,400 new millionaires in 2025, injecting roughly USD 8.1 billion into its economy. Much of this influx stems from the success of its Golden Residence Permit Programme, which has become a powerful draw for HNWIs.

Wealthy newcomers discover charm and opportunity along Portugal’s sun-drenched coastlines, from Lisbon (LIS) to the Algarve. Portugal’s non-habitual residence tax regime and relaxed lifestyle make it a leading European destination for wealth migration.

8. Greece

Greece implemented a real‑estate‑based Golden Visa and a flat‑tax option on foreign income, attracting 1,200 millionaires in 2025 and boosting private capital by around USD 7.7 billion.

Luxury developments in Athens (ATH) and across the Aegean islands captivate high‑net‑worth migrants, strengthening Greece’s status as a refined investment hub.

9. Canada

In 2025, Canada welcomed 1,000 new millionaires, injecting USD 5.7 billion into its economy through private wealth and investment. The country’s safety, stability, and high living standards make it a top choice for global high-net-worth individuals.

Affluent newcomers consistently choose cities like Toronto (YYZ) and Vancouver (YVR), drawn by Canada’s strong public healthcare system, transparent legal framework, and well‑established immigration programs designed to attract global talent and capital.

10. Australia

Australia also added 1,000 millionaires to its population and approximately USD 5.6 billion to its economy in 2025. The country continues to attract high‑net‑worth individuals through a combination of skilled and investor visa pathways, political stability, and a high standard of living.

Wealthy migrants continue to favour Sydney (SYD) and Melbourne (MEL) for their stable property markets, strong legal systems, and quality education and healthcare.

Millionaires Prioritsing Higher Standards and Stable Economic Policies

Nine of the top ten countries gaining millionaires in 2025 have started Golden Visa or Residency-by-Investment programs. These structured pathways allow HNWIs to secure legal residency by investing in real estate, businesses, or government projects.

Many millionaires prefer destinations with predictable, low, or flat-tax environments. The UAE, Italy, and Switzerland lead in this area, while Portugal and Greece offer appealing tax breaks on foreign income.

Quality of life plays a major role in relocation decisions. Strong infrastructure, healthcare, education, and safety continue to attract wealthy individuals to Canada, Singapore, and Australia.

Governments in traditional wealth hubs are triggering outbound flows by shifting tax policies. The UK’s non-domicile removal and rising capital gains taxes in Europe are pushing millionaires toward stable, growth-focused destinations like Saudi Arabia and the UAE.

Henley & Partners Predicts Millionaire Destinations

Henley & Partners predicts that global millionaire relocations will surpass 165,000 by 2026. As competition accelerates, destination countries are working to refine investment migration frameworks, improve governance, and raise living standards.

Henley’s 2025 rankings highlight the arrival of new financial centres such as Saudi Arabia and Portugal. However, traditional wealth hubs like the UAE and the US continue to attract millionaires.

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