Tracking the Movement of Millionaires in 2025

Key takeaways

• Countries gaining the most millionaires in 2025 are the UAE, U.S., and Italy
• The biggest outlier of the list is the UK, which is losing 16,500 millionaires worth an estimated combined total of $91.8 billion USD

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.