US to gain 7,500 millionaires with $43.7B in wealth in 2025: report

The U.S. is expected to see a net influx this year of around 7,500 foreign millionaires – who have an estimated $43.7 billion in wealth — as the U.K. experiences a significant outflow of its rich.

Around 142,000 millionaires around the world are projected to migrate to a new country in 2025. The countries gaining the greatest number of millionaires are the United Arab Emirates, the U.S., Italy, Switzerland and Saudia Arabia, respectively, according to a newly released provisional report from investment consulting firm Henley & Partners.

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The benefits of millionaire migration include that they contribute to forex revenue, frequently start new businesses, boost the local stock market and middle class, indirectly create jobs via their spending power, and can have a multiplier effect on wealth growth, the report noted.

The UAE tops the list of millionaire migration, with a net inflow of around 9,800 millionaires who have an estimated wealth of around $63 billion. The Middle Eastern country has seen a 98% increase in millionaires between the years of 2014 and 2024. The country’s “welcoming immigration policy,” zero income tax, strong infrastructure and political stability are all factors that make it attractive to high-net worth individuals, Henley & Partners said.

The UAE tops the list of millionaire migration, with a net inflow of around 9,800 millionaires who have an estimated wealth of around $63 billion. (FADEL SENNA/AFP via Getty Images / Getty Images)

The U.S. ranks No. 2 on the list, with a net influx of 7,500 millionaires, bringing with them around $43.7 billion in wealth. From 2014 to 2024, the U.S. has seen a 78% increase in millionaires. Henley & Partners said the country’s EB-5 Immigrant Investor Program, which was established in 1990 and has brought in more than $50 billion in foreign direct investment, and an overall “entrepreneurial ecosystem” that is “unmatched in delivering transformative growth potential” make the U.S. an ideal location for wealthy individuals.

The U.S. ranks No. 2 on the list, with a net influx of 7,500 millionaires, bringing with them around $43.7 billion in wealth. ((Photo by Roy Rochlin/Getty Images) / Getty Images)

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Italy follows behind at No. 3, gaining 3,600 millionaires with an estimated wealth of $20.7 billion. The number of millionaires has increased by 20% in Italy from 2014 to 2024. 

Switzerland ranks No. 4 on the list and is expected to bring in 3,000 millionaires with wealth of around $16.8 billion. The country has seen a 28% increase in millionaires from 2014 to 2024. 

Saudi Arabia follows behind at No. 5 on the list, with 2,400 millionaires expected to migrate to the country, bringing…