UK Far Outpaces China In HNW Exodus; UAE, Switzerland Gain – Study
One of the most striking figures is that the UK will see almost two times more HNW emigrants than China, which is expected to see 7,800 leave the Asian giant.
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One of the most striking figures is that the UK will see almost two times more HNW emigrants than China, which is expected to see 7,800 leave the Asian giant.
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The Henley Private Wealth Migration Report predicts that the UK will lose the most affluent individuals of any country in 2025.
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Estimated 16,500 to flee UK as Rachel Reeves considers U-turn on non-dom rules.
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Millionaires are expected to say goodbye to their homes in the U.K. to return to places like Saudi Arabia, India, and South Africa, and to tax-friendly countries such as the United Arab Emirates, Monaco, and Malta, a new report from Henley and Partners finds.
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An estimated 16,500 millionaires are set to leave the country in the coming 12 months.
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The UK was already one of the countries that the wealthy were fleeing. But according to a report out today by the advisers Henley & Partners, a record 16,500 millionaires will leave the UK in 2025.
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A closely-followed global study has shown that the UK's average household wealth fell 3.6 per cent last year, reversing a trend of healthy growth in the country.
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While the traditionally wealthy US cities continue to flourish, it’s the smaller cities seeing the biggest rise in fortunes as their appeal to a globally mobile population grows.
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America now has more than 6 million liquid millionaires, or those with investable assets of more than $1 million.
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While this ruling may close off one specific avenue to citizenship, it will do little to curb the growing international demand for greater mobility, security and access.
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Wealthy Europeans are investing in alternative citizenship and residency rights to secure global mobility and a Plan B amid rising security concerns, debates over conscription, and Europe’s shifting defence landscape, writes Dr Juerg Steffen.
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The ninth-generation member of one of the world’s biggest dynastic fortunes now has something else that Britain’s wealthy are increasingly seeking out: a new life outside the UK.
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Sarah Nicklin
sarah.nicklin@henleyglobal.com
+27 21 879 1086
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