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The Latest Breaking News from Henley Partners

Millionaires may not be fleeing the UK in droves – but there are reasons these stories persist

News stories in recent months have claimed that more than 16,500 millionaires are expected to leave the UK in 2025 due to the country’s increasing tax burden. Notably, the abolition of “non-dom” tax rules has been touted as one of the reasons for this “millionaire flight”. It might seem that…

The Conversation

Less Tax, More Luxury: Millionaires Flock To Dubai

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.

International Business Times

142,000 millionaires are uprooting in 2025—forget Switzerland, they're flocking to this eastern European nation

The ultra-rich are fleeing once hotspots of wealth like London and Paris in favor of Montenegro, the world’s fastest-growing millionaire hub.

Fortune

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How powerful is your passport? New 2025 rankings reveal Europe’s winners and losers

Singapore claims top spot as Asian nations surge ahead, while Belarus and Kosovo remain Europe’s weakest links.

Euronews

Friday briefing: The myth of the fleeing super-rich – and the real tax debate

In today’s newsletter: Headlines claim wealthy individuals are leaving the UK over tax fears – but the data tells a different story. We look at what’s driving the narrative

The Guardian - UK

Flight of the non-doms: how worried should Labour be about the super-rich leaving the UK?

Reports say wealthy elite are leaving over tax changes – prompting a possible rethink by Rachel Reeves – but hard data is tricky to find

The Guardian - UK

Super-wealthy on the move: Italy to attract 3,600 millionaires in 2025

Italy is the third most popular global destination for millionaires seeking tax advantages and a high-quality lifestyle, according to a recent report.

Euronews

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Britain on track to lose 'unprecedented' 16,500 millionaires in 2025 amid high taxes and non-dom crackdown

The UK is set to lose twice as many high net worth individuals as China and ten times as many as Russia this year

Evening Standard

UK forecast to suffer world's biggest exodus of millionaires in 2025

The UAE will see the biggest influx of millionaires this year followed by the USA and Italy

Evening Standard

Super-rich flee London: Capital suffers biggest exodus of millionaires in the world, new study shows

Tax rises, Brexit and a weakening pound to blame for 11,300 millionaires leaving the city in just 12 months

Evening Standard

U.K.'s wealth exodus has only just begun, as the effects of dismantling its multi-billion dollar non-dom tax regime kick in

Official data suggests some 74,000 people claimed non-dom status in 2023, accounting for £8.9 billion in tax revenues for the U.K.

Fortune

Europe doesn't stand a chance at increasing its centimillionaire pool

This centimillionaire group has exploded by over 50% in the last 10 years, with nearly 30,000 individuals striding into the ultra-rich club.

Fortune

China’s millionaires eye the exit as economic storm clouds gather

Some 15,200 Chinese millionaires were expected to relocate in 2024, according to Henley & Partners.

Al Jazeera

American interest in moving abroad is about to 'go into overdrive.' These are the easiest countries to immigrate to

Immigration firms expect more Americans to look into moving abroad following Tuesday's election.

Fortune

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Fortune

Europe doesn't stand a chance at increasing its centimillionaire pool

This centimillionaire group has exploded by over 50% in the last 10 years, with nearly 30,000 individuals striding into the ultra-rich club.

Fortune

Singapore is the only Southeast Asian city on a ranking of centi-millionaires—and that could be good for its economy

The city-state ranks 6th in a list of top 50 cities for people with liquid investable assets of $100 million or more.

International Business Times UK

NYC Has Over 300K Millionaires and 60 Billionaires: How Many Millionaires Are In Your City?

The number of millionaires in New York City has surpassed the number of people with a seven-figure net worth in the Bay Area and Singapore over the past decade.

Latin Times

Miami, Dallas among cities with the largest increase in millionaires over the past decade

They saw a 78% and 75% increase, respectively. New York is still the city with the largest amount of wealthy individuals in the world

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news in one place.

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Radio France Internationale

Number of African-born millionaires to skyrocket over next decade: report

Africa’s millionaire population is expected to rise by 65 percent within the next 10 years, accordig to the 2024 Africa Wealth Report, published this week.

Fortune

Here's why Miami has 75% more millionaires than a decade ago

"It’s not what you have or what you make, it’s what you keep."

Latin Times

Where Does the U.S. Rank in the New List of Most Powerful Passports in the World?

The country is in seventh place, allowing its holders to enter 185 countries without needing a visa

Fortune

Bitcoin has only 6 billionaires in the entire world, report reveals

"It could be worth holding onto the crypto you have in case it ramps up one day—but don’t bet on it."

Evening Standard

Singapore crowned world’s most powerful passport as UK jumps to fourth

Japan, which usually finishes top in the rankings, dropped to third place

Fortune

More millionaires are expected to leave China this year than any other country, as the end of COVID-zero allows them to finally relocate

China will lose 13,500 millionaires this year, forecasts a new report from consulting firm Henley & Partners. Many will likely move to Singapore.

Fortune

The ultra-wealthy in the US aren't only in New York anymore

Is New York City still the bastion of billionaire wealth it once was?

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