- The United Arab Emirates will be ranked first on Henley's list for the third year in a row.
- The report predicts the entry of 6,700 millionaires to the United Arab Emirates by the end of 2024.
- The United States is in second place, expecting an influx of 3,800 millionaires by the end of the year.
The United Arab Emirates is expected to become the world's largest wealth attractor for the third year in a row, according to the Henley Private Wealth Migration Report.
The report, released earlier this week, predicts an unprecedented influx of 6,700 millionaires from around the world by the end of 2024. CNBC reported.
Behind the United Arab Emirates is the United States, which expects to see an influx of 3,800 millionaires by the end of the year.
The report predicts that 128,000 millionaires, high-net-worth individuals with $1 million or more, will relocate in 2024, surpassing the previous record of 120,000 millionaires set last year, marking a significant moment in global wealth migration. according to Henley.
The report is based on data provided by global wealth intelligence firm New World Wealth. It presents information on the entries and exits of millionaires and their migration patterns worldwide.
“This great millionaire migration is a canary in the coal mine, and signals a profound shift in the global landscape and in the tectonic plates of wealth and power, with far-reaching implications for the future trajectory of the nations they leave behind or leave behind. those they are a part of.
The United Arab Emirates is becoming a top choice for high net worth individuals around the world, thanks to its favorable tax policies, strategic location and modern infrastructure.
The country offers a “golden visa” to attract foreign talent, with the aim of “providing long-term residence to investors, entrepreneurs, specialists, students and researchers who make a significant investment in the country,” according to Henley & Partners.
Migration to the UAE is increasing, driven by people leaving the Middle East, India, Russia, Africa and, more recently, the expected influx from the UK and Europe.
These are the 10 countries expecting the largest net inflows of millionaires this year, according to Henley & Partners.
- United Arab Emirates: +6,700
- United States of America: +3,800
- Singapore: +3,500
- Canada: +3,200
- Australia: +2,500
- Italy: +2,200
- Switzerland: +1,500
- Greece: +1,200
- Portugal: +800
- Japan: +400
