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The Henley Private Wealth Migration Report 2025

Henley & Partners’ annual wealth and investment migration report offers unique insights and millionaire migration data, including top countries for projected net HNWI inflows and outflows and fastest growing wealth markets. Read the methodology and press release.

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Global Insights

THE HENLEY PRIVATE WEALTH MIGRATION REPORT 2025

Millionaires on the Move

Watch the video for key data insights

Wealth Migration Insights

Investment Migration Insights

Contributors

Dr. Christian H. Kaelin | Chairman at Henley & Partners

Dr. Christian H. Kaelin

Chairman at Henley & Partners

Dr. Parag Khanna | Bestselling author and founder and Chief Executive Officer at AlphaGeo

Dr. Parag Khanna

Bestselling author and founder and Chief Executive Officer at AlphaGeo

Annie Pforzheimer | Retired career diplomat with personal rank of Minister Counselor at the Department of State and Senior Non-Resident Associate at CSIS

Annie Pforzheimer

Retired career diplomat with personal rank of Minister Counselor at the Department of State and Senior Non-Resident Associate at CSIS

H.E. Hareb Al Mheiri | Executive Director of The Investor Growth Sector at the Abu Dhabi Investment Office (ADIO)

H.E. Hareb Al Mheiri

Executive Director of The Investor Growth Sector at the Abu Dhabi Investment Office (ADIO)

Prof. Trevor Williams | Chair and Co-Founder at FXGuard and Former Chief Economist at Lloyds Bank Commercial Banking

Prof. Trevor Williams

Chair and Co-Founder at FXGuard and Former Chief Economist at Lloyds Bank Commercial Banking

Prof. Anju Mary Paul | Professor of Social Research and Public Policy at New York University Abu Dhabi

Prof. Anju Mary Paul

Professor of Social Research and Public Policy at New York University Abu Dhabi

Dr. Juerg Steffen | Chief Executive Officer at Henley & Partners

Dr. Juerg Steffen

Chief Executive Officer at Henley & Partners

Dr. Dr. Andreas Baumgartner | Co-founder and Chief Executive Officer at The Metis Institute and Deputy Chief Executive Officer at Tipolis

Dr. Dr. Andreas Baumgartner

Co-founder and Chief Executive Officer at The Metis Institute and Deputy Chief Executive Officer at Tipolis

Misha Glenny | Rector at the Institute for Human Sciences and Award-Winning Journalist and Broadcaster

Misha Glenny

Rector at the Institute for Human Sciences and Award-Winning Journalist and Broadcaster

Sunita Singh-Dalal | Partner, Private Wealth & Family Offices at Hourani

Sunita Singh-Dalal

Partner, Private Wealth & Family Offices at Hourani

Aleksejs Ivashuk | Founder at Apatride Network

Aleksejs Ivashuk

Founder at Apatride Network

Dominic Volek | Group Head of Private Clients and a Member of the Executive Committee at Henley & Partners

Dominic Volek

Group Head of Private Clients and a Member of the Executive Committee at Henley & Partners

Dr. Peter J. Middlebrook | Global economist and Chief Executive Officer at Geopolicity Inc.

Dr. Peter J. Middlebrook

Global economist and Chief Executive Officer at Geopolicity Inc.

Oliver Wickham | Chief Executive Officer at St James’s Place (Hong Kong) and Partnership Director for Asia and Middle East

Oliver Wickham

Chief Executive Officer at St James’s Place (Hong Kong) and Partnership Director for Asia and Middle East

Lan Anh Nguyen | International real estate advisor specializing in luxury properties

Lan Anh Nguyen

International real estate advisor specializing in luxury properties

Edward Clark | Chief Executive Officer at the Nauru Economic and Climate Resilience Citizenship Program

Edward Clark

Chief Executive Officer at the Nauru Economic and Climate Resilience Citizenship Program

Stuart Wakeling | Managing Partner at Henley & Partners and the Head of the firm’s London and Africa offices

Stuart Wakeling

Managing Partner at Henley & Partners and the Head of the firm’s London and Africa offices

Philippe Amarante | Managing Partner at Henley & Partners Middle East and Head of Government Advisory EMEA

Philippe Amarante

Managing Partner at Henley & Partners Middle East and Head of Government Advisory EMEA

Sven Odia | Distinguished luxury real estate executive

Sven Odia

Distinguished luxury real estate executive

Tess Wilkinson | Director of Education Services at Henley & Partners

Tess Wilkinson

Director of Education Services at Henley & Partners

Niki Thomet | Managing Partner at Engel & Völkers Lake Zurich

Niki Thomet

Managing Partner at Engel & Völkers Lake Zurich

Peter Ferrigno | Director of Tax Services at Henley & Partners

Peter Ferrigno

Director of Tax Services at Henley & Partners

Jean Paul Fabri | Chief Economist at Henley & Partners

Jean Paul Fabri

Chief Economist at Henley & Partners

Stefan Pacher | Senior Government Advisory Manager at Henley & Partners

Stefan Pacher

Senior Government Advisory Manager at Henley & Partners

Disclaimer

© 2025 Henley & Partners. All rights reserved. The H&P monogram and Henley & Partners logo and related brand assets are the exclusively owned or licensed trademarks, service marks, and logos of Henley & Partners. All other trademarks, service marks, and logos used in this report are the trademarks, service marks, and logos of their respective owners. No part of this report may be reproduced in any form or by any means without the prior written permission of Henley & Partners. Although the material contained in this report was prepared based on information from public and private sources that Henley & Partners believes to be reliable, no representation, warranty, or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and Henley & Partners expressly disclaims any liability for the accuracy and completeness of information contained herein.

This report is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting, or investment advice. It should not form the basis of any decision. The information contained in this report is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service. Henley & Partners is not responsible for the content of websites and information resources that may be referenced in this report. The information contained in this report is believed to be accurate as of the date of publication, but is subject to change without notice. Henley & Partners does not have any obligation to provide revisions in the event of changed circumstances. Henley & Partners and its affiliates, employees, and agents shall not be liable for any liability or loss whatsoever, including but not limited to direct, indirect, special, incidental, or consequential damages, arising out of or in connection with the use or reliance on the information contained in this report. The information in this report is provided “as is” and Henley & Partners makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the information contained in this report for any purpose.


The Henley Private Wealth Migration Report 2025 was published on 24 June 2025.

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