US EditionUK forecast to suffer world's biggest exodus of millionaires in 2025: Report
- In 2025, the UK is expected to experience the largest single-year departure of millionaires worldwide, with 16,500 high-net-worth individuals projected to relocate abroad, surpassing all other countries.
- This exodus follows the 2024 Labour government's tax hikes and the 2024 non-dom tax regime overhaul introduced by the Conservative Government earlier that year.
- Departing UK millionaires mainly come from financial, professional services, and tech sectors, with roughly 60% being foreign-born, while inbound millionaire pathways remain limited.
- Henley Private Wealth Migration Report forecasts 142,000 millionaires relocating globally in 2025, with 9,800 moving to the UAE, 7,500 to the US, and over 2,400 to Saudi Arabia.
- The wealth departure suggests a shift in global economic influence and highlights the UK's declining appeal amid policy inaction and economic uncertainty, prompting concerns over its investment competitiveness.
Insights by Ground AI
Does this summary seem wrong?
33 Articles
33 Articles
All
Left
3
Center
4
Right
5
The world's richest people used to flock to the UK. Now, it's bleeding millionaires at a record rate.
The UK is projected to lose more millionaires in 2025 than any other country — a record exodus.John Wreford / SOPA Images via Reuters ConnectThe UK is set to lose 16,500 millionaires in 2025, more than any other country on record.Tax hikes and declining economic confidence are driving the rich away, according to Henley & Partners.The UAE, the US, and most of southern Europe have emerged as new millionaire magnets.The UK is poised to lose more mi…
·United States
Read Full Article
Coverage Details
Total News Sources33
Leaning Left3Leaning Right5Center4Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 25%
C 33%
R 42%
Factuality
To view factuality data please Upgrade to Premium
