Projected Growth of Affluent Households in the U.S. in 2025, Astonishing Increase of 7,500 Millionaires and Accumulation of $43.7 Billion in Wealth According to a Recent Study
In a recent provisional Henley Private Wealth Migration Report 2025, the world's top destinations for millionaire migration have been unveiled. The United Arab Emirates (UAE) and the United States (US) are set to attract the highest number of wealthy migrants, while traditional favourites like Singapore are experiencing a decrease in inflows.
Leading the pack is the UAE, which is expected to welcome a record net inflow of +9,800 millionaires in 2025, making it the world’s leading destination for relocating high-net-worth individuals [1][3][5]. These new residents are estimated to bring with them around $63 billion in wealth. The UAE's appeal lies in its welcoming immigration policy, zero income tax, strong infrastructure, and political stability [6].
The US follows closely, projected to receive +7,500 new wealthy migrants by the end of 2025, placing it second globally in net millionaire inflows [1][3][5]. With an estimated wealth of around $43.7 billion, these new residents will contribute significantly to the American economy. The US's EB-5 Immigrant Investor Program and an overall "entrepreneurial ecosystem" are key factors contributing to its appeal for wealthy individuals [7].
Singapore, while seeing a decline in net millionaire inflow compared to previous years, is still projected to attract +1,600 net new millionaires in 2025 [2]. Thailand is rapidly emerging as a new safe haven in Southeast Asia, with a projected net inflow of +450 millionaires in 2025 [2].
Interestingly, traditional favourites like the UK are experiencing a decline in millionaire inflows. The UK is expected to lose 16,500 millionaires with an estimated wealth of $91.8 billion [4]. Similarly, Russia is expected to lose 1,500 millionaires with wealth of $14.7 billion, and India is losing 3,500 millionaires with an estimated wealth of $26.2 billion [8].
The report also highlights significant increases in the number of millionaires in various countries. From 2014 to 2024, the UAE has seen a 98% increase in millionaires, and the US has seen a 78% increase [9][10]. China has seen a 74% increase, South Korea a 17% rise, and Saudi Arabia a 55% increase in millionaires during the same period [9].
In 2024, the US gained over 379,000 new millionaires, and the total number of millionaires in the US climbed 1.5%, reaching 23.8 million [11]. By 2025, around 142,000 millionaires worldwide are projected to migrate to a new country [12].
These trends suggest a shift in the preferences of millionaires, with the UAE and the US leading as top destinations, while traditional favorites like Singapore are seeing reduced—but still significant—inflows, and Thailand is gaining ground as a regional alternative [1][2][3].
[1] Henley Private Wealth Migration Report 2025 [2] BBC News [3] Forbes [4] The Telegraph [5] Bloomberg [6] Gulf News [7] US Citizenship and Immigration Services [8] India Today [9] Knight Frank Wealth Report [10] CNBC [11] CNBC [12] Henley Private Wealth Migration Report 2025
- The UAE, with its welcoming immigration policy, zero income tax, and strong infrastructure, is set to attract a significant amount of foreign investment due to the influx of +9,800 wealthy migrants in 2025, bringing around $63 billion in wealth to the country. (economy, investment, finance, wealth, UAE)
- The US, offering an EB-5 Immigrant Investor Program and an entrepreneurial ecosystem, is projected to receive +7,500 new wealthy migrants by the end of 2025, which will contribute significantly to the American economy, estimated to be around $43.7 billion in wealth. (forex, investment, economy, US)
- In personal-finance matters, Thailand is rapidly emerging as a new safe haven for the wealth management of millionaires, with a projected net inflow of +450 millionaires expected in 2025. (personal-finance, Thailand)
- Despite a decline in net millionaire inflows compared to previous years, Singapore is still an attractive destination for high-net-worth individuals with a projected net inflow of +1,600 new millionaires in 2025. (investing, Singapore)
