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Global Millionaire Migration Report Released

Well-known Chinese news site NetEase (NASDAQ: NTES) recently reported that the newly released Henley & Partners report revealed the 2022 global high-income population inflow and outflow data forecasts. The research looked at people with wealth of US$1 million or more, and is about true migration, that is, those who spend more than half of their time in a new country for the year. Data shows that with the advent of the post-epidemic era, more and more high-income families have begun to choose investment immigration. Around 88,000 millionaires are expected to emigrate by the end of 2022, and this number will continue to rise, with 2023 expected to be the largest year of millionaire immigration to date, a whopping 125,000. Forecast data in the report shows that the top ten countries with net inflows of HNWIs (high net-worth individuals) in 2022 will be the UAE, Australia, Singapore, Israel, Switzerland, the U.S., Portugal, Greece, Canada and New Zealand. Plenty of millionaires also expected to turn to Malta, Mauritius and Monaco. On the other hand, the top 10 countries and territories with the largest net outflows of HNWIs are expected to be Russia, China, India, Hong Kong, Ukraine, Brazil, UK, Mexico, Saudi Arabia and Indonesia.

Source: NetEase, June 29, 2022