UAE Ranks No. 1 For Migrating Millionaires; U.S.“Fading Fast,” China FallsThe UAE will
lead the world in attracting millionaires to its economy this year, according to a forecast by the Henley Global Citizens Report released in London.
The UAE, Australia, Singapore, Israel, Switzerland, the U.S, Portugal, Greece, Canada, and New Zealand ranked in the
top 10 in attracting U.S. dollar millionaires, a group it also calls high net worth individuals, or HNWIs.
“America is notably less popular among migrating millionaires today than pre-Covid, perhaps owing in part to the threat of higher taxes. The country still attracts more HNWIs than it loses to emigration, with a net inflow of 1,500 projected for 2022, although this is a staggering 86% drop from 2019 levels, which saw a net inflow of 10,800 millionaires,” according to
Henley, which tracks private wealth and investment migration trends worldwide.
Wealth emigration is beginning to
hurt in China, with net outflows of 10,000 HNWIs expected in 2022.
