The 9 countries the world’s richest people are emigrating to

New World Wealth has released its annual report for 2018, detailing the trends in migration, spending and investing seen among the world’s wealthiest individuals.

One of the stand-out findings of this year’s report is the the acceleration seen in global wealth migration.

While emigration is typically seen as a chance for individuals and families to access better lifestyle and working opportunities, an increasing number of high net worth individuals (HNWIs), those individuals with net assets of $1 million or more, are also using their wealth to access other countries.

According to the report, approximately 95,000 millionaires (HNWIs) migrated in 2017, compared to 82,000 in 2016 and 64,000 in 2015.

The following countries experienced the biggest wealth inflows in 2017:

Country Net inflow of HNWIs in 2017
Australia  10,000
United States  9,000
Canada  5,000
United Arab Emirates  5,000
Carribean (including Bermuda, Cayman Islands, Virgin Islands, St Barts, Antigua, St Kitts & Nevis)  3,000
Israel  2,000
Switzerland  2,000
New Zealand  1,000
Singapore  1,000

The following countries also experienced significant (100+ HNWIs) wealth inflows during the past year. They are ranked alphabetically.

  • Cyprus
  • Luxembourg
  • Malta
  • Mauritius
  • Monaco
  • Portugal
  • Spain

Outflows

According to New World Wealth, the largest amount of emigrating HNWIs were Chinese and Indian nationals which were moving towards more “western” countries.

These include:

  • Chinese HNWIs moving to USA, Canada and Australia.
  • Indian HNWIs moving to USA, UAE, Canada, Australia and New Zealand.
  • Turkish HNWIs moving to Europe and the UAE.
  • UK HNWIs moving to Australia and USA.
  • French HNWIs moving to Canada, Switzerland and USA.
  • Russian HNWIs moving to USA, Cyprus, UK, Portugal and the Caribbean.
  • Brazilian HNWIs moving to Portugal, US and Spain.
  • Indonesian HNWIs moving to Singapore.
  • Saudi HNWIs moving to UK and the UAE.
  • Nigerian HNWIs moving to UK, France, Switzerland, South Africa and the UAE.

The following countries experienced the biggest wealth outflows in 2017.

Country Net outflow of HNWIs in 2017
 China  10,000
 India  7,000
 Turkey  6,000
 United Kingdom  5,000
 France  5,000
 Russian Federation  3,000
 Brazil  2,000
 Indonesia  2,000
 Saudi Arabia  1,000
 Nigeria  1,000

Read: South Africa’s richest take home half of all income

Latest news

Partner Content

Show comments

Follow us

Recommended

The 9 countries the world’s richest people are emigrating to