Asia is taking center stage in global wealth migration trends, with the region’s rising economies and stable investment climates attracting high-net-worth individuals (HNWIs) in increasing numbers, even as traditional wealth hubs in Europe see historic outflows, according to the Henley Private Wealth Migration Report 2025.
The United Arab Emirates remains the top global destination, expecting a record net inflow of 9,800 millionaires, driven in part by demand from Asia, including India, China, and Southeast Asia.
Saudi Arabia is also gaining traction, forecast to welcome 2,400 millionaires this year as the kingdom pushes ahead with economic diversification efforts.
Singapore and Japan continue to consolidate their status as Asia’s key wealth havens, drawing 1,600 and 600 new HNWIs, respectively, while Thailand is emerging as a regional rival.
Bangkok is expected to see a net gain of 450 millionaires in 2025, buoyed by interest from China, Vietnam, and South Korea.
By contrast, South Korea is forecast to experience significant outflows, with 2,400 millionaires projected to leave in 2025 amid political and economic turbulence. Taiwan is also seeing growing unease, despite a strong decade of wealth creation.
Globally, a record 142,000 millionaires are expected to relocate this year, with the United Kingdom facing the largest net outflow of any country at 16,500 — more than double China’s projected 7,800 departures.
Analysts point to new tax policies and economic stagnation as key drivers of the UK’s sharp reversal from wealth hub to exporter.
In Europe, traditional centers such as France, Germany, and Spain are also forecast to see net losses, while southern states like Italy, Portugal, and Greece attract inflows with investor-friendly policies.
The trend marks a broader realignment in global wealth flows, with Asia and the Middle East rising as key destinations.
Business News Asia
