UK forecast to suffer world's biggest exodus of millionaires in 2025: Report
UNITED KINGDOM, JUN 24 – The UK's millionaire exodus is driven by tax hikes and political changes, with 16,500 millionaires expected to leave in 2025, the largest outflow globally, says Henley & Partners.
- Henley & Partners' 2025 report forecasts that 142,000 millionaires will relocate globally, with the UK losing 16,500 millionaires, the highest outflow worldwide.
- This exodus follows UK tax regime changes since 2022, including the closure of the Tier 1 investor visa and increased capital gains and inheritance taxes in 2024.
- The departing UK millionaires mainly work in financial and professional services, and many are foreign-born, seeking more stable governments and favorable tax conditions elsewhere.
- The UAE is set to attract 9,800 millionaires with $63 billion in assets, while the US expects 7,500 newcomers representing $43.7 billion, highlighting tax and stability as key attractors.
- This migration trend signals shifts in global wealth distribution, with the UK uniquely facing significant departures amid limited inbound options, while nations like the UAE and US gain high-net-worth individuals.
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16 500 millionaires are to flee the British government's tax policy abroad. A remarkable number, the conservative press also finds. But the study is then controversial.
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A new report from Henley & Partners shows that Brazil will lose about 1,200 millionaires in 2025. These wealthy people will take around $8.4 billion with them as they move their money and lives to other countries. This is the biggest loss in Latin America and puts Brazil sixth in the world for millionaire departures. […]
A poor country acting like a rich one
Britain is not a rich country. We may act like we are, we may even sometimes look and sound like we are, but the numbers don’t lie. When looking at GDP per capita we are decidedly middle of the pack by European standards and embarrassingly far behind America. The per head figure in the UK is around £37,000, in contrast to £60,000 in the US. The real kicker is that had we continued to grow as we were up until the Great Recession of 2008, and had …
A European country is about to lose more millions in 2025 than any other country. It is a dramatic reversal of the situation, as the British Great has long been considered a magnet for the world's rich, reports Business Insider.
Never so many great fortunes had left their country of origin, the report "Henley Private Wealth Migration Report 2025" says. Among the preferred destinations are the United Arab Emirates, the United States and Italy.
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