The United States is set to gain a record-breaking 7,500 millionaires in 2025, making it the second most attractive destination for high-net-worth individuals (HNWIs) looking to relocate. According to Business Insider, the US will gain a net of 7,500 HNWIs, while other countries will experience significant millionaire outflows.
The top destinations for incoming HNWIs are the UAE with 9,800 millionaires, followed by Italy with 3,600 millionaires. A total of 142,000 millionaires are projected to relocate internationally in 2025, bringing billions of dollars in investable wealth with them.
Britain leads the world in millionaire outflows, losing an estimated 16,500 millionaires, while China and India follow closely behind. The UK’s strong outflow is attributed to a perception among wealthy individuals that greater opportunity and freedom lie elsewhere.
Florida remains popular among incoming HNWIs, while California’s Silicon Valley continues to attract tech entrepreneurs globally. Strong inflows are coming from Asia, Latin America, and the UK. Switzerland and Saudi Arabia round out the top 5 of incoming millionaires, with Singapore, Portugal, Greece, Canada, and Australia completing the top 10.
Note: The article has been rewritten to simplify complex information while retaining essential details, making it suitable for a professional news blog article.
Source: https://www.997wpro.com/2025/08/03/us-no-2-world-destination-for-migrating-millionaires