Former Texas’s former Congressman Kevin Brady discussed the increase in the economic policies of President Donald Trump and a possible tax growth on the rich on the ‘The Bottom Line’.
we expect This year to look at the net flow of about 7,500 foreign millionaires – who have an estimated $ 43.7 billion – as the UK experiences an important outflow of its rich.
Around 142,000 millionaires worldwide are expected to be transferred to a new country in 2025. The largest number of countries receiving millionaires are the United Arab Emirates, USA, Italy, Switzerland and Saudi Arabia, according to a newly released provisional report from the Investment Counseling Firm. Henley & Partners,
The US created an eye-popping number of new millionaires in 2024, finds reports
The benefits of millionaire migration include that they contribute to foreign exchange revenue, often start new businesses, promotes local Stock market And the middle class, indirectly generates employment through its spending power, and can have multiplier effect on wealth growth, the report states.
The UAE tops the list of millionaire migrations, with a net flow of approximately 9,800 millionaires, which have an estimated money of about $ 63 billion. The Middle Eastern country has seen a 98% increase in millionaires between 2014 and 2024 years. The country’s “reception immigration policy,” zero income tax, strong infrastructure and political stability are all factors that make it attractive to high-pure individuals, Henle & Partners said.
The UAE tops the list of millionaire migrations, with a net flow of approximately 9,800 millionaires, which have an estimated money of about $ 63 billion. (Phadel Army / AFP Getty Image / Getty Image)
Ranks No. 2 in the US list, with pure arrival of 7,500 millionaires, brought with them about $ 43.7 billion In moneyFrom 2014 to 2024, the US has seen a 78% increase in millionaires. Henley & Partners stated that the country’s EB -5 immigrant investor program, which was established in 1990 and brought more than $ 50 billion in foreign direct investment, and a holistic “entrepreneur’s ecosystem” which is “unmatched in providing” transformative development capacity “makes the US a perfect place for rich.
The US ranks No. 2 in the list, with a net influx of 7,500 millionaires, with them about $ 43.7 billion in money. ((Photo by Roy Rochlin / Getty Image) / Getty Images)
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Italy is behind at number 3, receiving 3,600 millionaires with an estimated assets of $ 20.7 billion. The number of millionaires in Italy increased by 20% in 2014.
The Switzerland ranks No. 4 on the list and is expected to bring 3,000 millionaires with a money of about 16.8 billion dollars. The country has seen a 28% increase in millionaires from 2014 to 2024.
Saudi Arabia is behind number 5 in the list, with 2,400 millionaires expected to migrate to the country, bringing them $ 18.4 billion. From 2014 to 2024, the country has seen a 55% increase in millionaires.
Meanwhile, UK, China, India, South Korea and Russia are losing millionaires respectively.
Millionaires are speaking more to these countries than any other
The UK falls much below the list, with an estimated net outflow of 16,500 millionaires, takes an estimated assets of $ 91.8 billion with them. From 2014 to 2024, the country has seen a 9% decrease in millionaires.
The UK is expecting the outflow of 16,500 millionaires from the country. (Julia Killian / Picture Alliance Getty Image / Getty Image)
There is China behind this, in which 7,800 millionaires are expected to be lost with $ 55.9 billion in money. The country has seen a 74% increase in millionaires from 2014 to 2024.
India is ranked third in the list, with a net outflow of 3,500 millionaires, which have an estimated $ 26.2 billion. From 2014 to 2024, the number of millionaires in India has increased by 72%.
The last fourth in the list is South Korea, with a outer migration of 2,400 millionaires with assets of $ 15.2 billion. The number of millionaires of the country has increased by 17% from 2014 to 2024.
South Korea had an external migration of 2,400 millionaires with assets of $ 15.2 billion. (Ed Jones / AFP Getty Image / Getty Image)
Russia is Russia to finish fifth on the list, 1,500 millionaires are expected to be lost with assets of $ 14.7 billion. From 2014 to 2024, the number of millionaires of the country has decreased by 25%.
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Recently released Global money reportAccording to the report, UBS found that the US received more than 379,000 new millionaires in 2024. In 2024, the total number of millionaires in the US increased to 1.5%, according to the report, to 23.8 million.
