Where the world's wealthy are moving — and why. Tracking the largest voluntary transfer of private capital in modern history.
HNWIs Relocating in 2026
Record high, up from 142,000 in 2025
Collective Wealth in Motion
Estimated investable assets relocating
UK Net Outflow (Largest Loss)
Largest single-year exodus on record
UAE Net Inflow (Largest Gain)
6th consecutive year as top destination
Quotable insights for journalists and researchers covering wealth migration trends.
The abolition of non-domiciled status in April 2025 triggered an unprecedented flight. Before 2016, the UK had always attracted more millionaires than it lost.
Vision 2030 reforms and returning Saudi nationals drive an eight-fold increase in net millionaire inflows. Riyadh and Jeddah lead the surge.
US citizenship renunciations hit near-record levels in 2024 (48% increase). New Zealand saw 240 US applications (34.9% of all NZ Golden Visa applicants).
Common prosperity policies and geopolitical tensions drive a 95% increase in Chinese millionaire departures. Singapore, UAE, and Canada are top destinations.
The largest voluntary transfer of private capital in modern history. Countries now compete not just for talent but for the fortunes that follow it.
Tracking net millionaire inflows and outflows by country, 2025-2026 projections.
Source: Henley Private Wealth Migration Report 2025, New World Wealth projections. HNWI defined as individuals with $1M+ investable liquid assets.
The countries gaining and losing the most high-net-worth individuals in 2026.
| Rank | Country | Net Inflow | YoY Change |
|---|---|---|---|
| 1 | 🇦🇪United Arab Emirates | +12,000 | +23% |
| 2 | 🇺🇸United States | +7,500 | +7% |
| 3 | 🇸🇬Singapore | +3,500 | -54% |
| 4 | 🇦🇺Australia | +3,000 | +20% |
| 5 | 🇮🇹Italy | +2,600 | +18% |
| 6 | 🇨🇭Switzerland | +2,500 | +8% |
| 7 | 🇸🇦Saudi Arabia | +2,400 | +700% |
| 8 | 🇨🇦Canada | +2,200 | -15% |
| 9 | 🇬🇷Greece | +1,800 | +25% |
| 10 | 🇳🇿New Zealand | +1,200 | +140% |
Data sources: Henley Private Wealth Migration Report 2025, New World Wealth, Immigration New Zealand. HNWIs defined as individuals with $1M+ in liquid investable assets.
The push and pull factors influencing HNWI relocation decisions.
UK non-dom abolition, US wealth tax proposals
Election outcomes, policy uncertainty
China-Taiwan tensions, Russia sanctions
Nigeria Naira, Argentina Peso
South Africa, Brazil, Mexico
UAE zero tax, Italy €200K flat tax
UAE, Portugal, Greece, NZ
NZ, Australia, Switzerland, Portugal
Singapore, Switzerland, NZ
UAE, Singapore, US
New Zealand recorded a 140% increase in net millionaire inflows in 2026, making it the fastest-growing destination among developed economies. The Active Investor Plus visa programme has attracted 688 applications worth NZ$4.02 billion.
Our methodology combines multiple authoritative data sources with original analysis.
Henley Private Wealth Migration Report 2025
Published June 2025, in partnership with New World Wealth. Tracks HNWIs who have relocated and remained for 6+ months.
New World Wealth
Global wealth intelligence firm tracking millionaire movements since 2013. Provides country-level projections.
Immigration New Zealand
Official statistics on Active Investor Plus visa applications (May 2026 release).
Government Immigration Agencies
Official golden visa statistics from UAE, Portugal, Greece, Singapore, and other programmes.
HNWI Definition
High-net-worth individual with $1 million+ in liquid investable assets (excluding primary residence).
Migration Definition
Individuals who have acquired residency or citizenship status in a new country and remained for 6+ months.
Net Flow Calculation
Total inflows minus total outflows for each country, based on primary residence changes.
Push/Pull Factor Weights
Based on Henley & Partners client survey data and published industry research on migration motivations.
Important Caveats
For methodology questions or data licensing inquiries, contact research@nzgoldenvisa.com
Quotable statistics, embeddable visualizations, and downloadable assets for your coverage.
Need expert commentary or additional data?
Our research team is available for interviews and can provide custom data cuts.
millionaires projected to relocate in 2026 — a record high and 16% increase from 2025
Source: Henley Private Wealth Migration Report 2025; NZ Golden Visa analysis
estimated collective investable wealth relocating with migrating HNWIs in 2026
Source: New World Wealth; Henley & Partners
net millionaire outflow from the UK in 2026 — the largest single-year exodus ever recorded for any country
Source: Henley Private Wealth Migration Report 2025
net millionaire inflow to the UAE in 2026 — making it the world's top destination for the 6th consecutive year
Source: Henley Private Wealth Migration Report 2025
increase in millionaire migration to Saudi Arabia — the fastest-rising destination globally
Source: Henley Private Wealth Migration Report 2025
of New Zealand Golden Visa applications come from US citizens — more than China and Hong Kong combined
Source: Immigration New Zealand, May 2026
Americans renounced citizenship in 2024 — a 48% increase and the third-highest annual total on record
Source: US Treasury Department
increase in net millionaire inflows to New Zealand — the fastest growth among developed economies
Source: NZ Golden Visa analysis of INZ and Henley data
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<h3 style="margin: 0 0 8px; font-size: 16px; font-weight: 600;">Millionaire Migration Index 2026</h3>
<p style="margin: 0 0 12px; font-size: 14px; color: #64748b;">165,000 HNWIs relocating $63B in wealth</p>
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Raw Data & Methodology
Full country-by-country dataset in CSV/Excel format with source citations
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"The Millionaire Migration Index 2026" — NZ Golden Visa
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Our team specialises in helping high-net-worth individuals navigate investment migration programmes, with deep expertise in New Zealand's Active Investor Plus visa.