WealthJun 22, 2024
China is Expected to Lose 15,200 HNWIs in 2024 🛫
What We’re Showing
This graphic shows the top 10 countries that will gain or lose high net worth individuals (HWNIs) in 2024 (projected). HNWIs are those with liquid investable wealth of USD 1 million or more. All figures come from The Henley Private Wealth Migration Report 2024.
Key Takeaways
- The UAE will attract the most HWNIs in 2024, surpassing gains seen by the U.S. and Singapore.
- At the other end of the scale, China and the UK are expected to lose the largest amount of HWNIs.
Why is Attracting Millionaires Important?
According to Henley & Partners, 20% of HWNIs are entrepreneurs (rising to 60% for centi-millionaires and billionaires). As a result, countries that attract HWNIs from other parts of the world may see powerful benefits like job creation and investment.
Dataset
Country | Net flow of millionaires in 2024 (projected) |
---|---|
UAE | 6,700 |
U.S. | 3,800 |
Singapore | 3,500 |
Canada | 3,200 |
Australia | 2,500 |
Italy | 2,200 |
Switzerland | 1,500 |
Greece | 1,200 |
Portgual | 800 |
Japan | 400 |
China | -15,200 |
UK | -9,500 |
India | -4,300 |
South Korea | -1200 |
Russia | -1000 |
Brazil | -800 |
South Africa | -600 |
Taiwan | -400 |
Nigeria | -300 |
Vietnam | -300 |
Data sources
All figures are projections, based on year-to-date HNWI movements to June 2024.
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