UK to lose 9,500 millionaires, second only to China’s 15,200 exodus.

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According to the Henley Private Wealth Migration Report 2024, the UK is expected to experience an unprecedented net loss of 9,500 millionaires in 2024. This places the UK as the second-largest loser of millionaires globally, trailing only behind China. Notably, this figure is more than double the 4,200 millionaires who left the country last year, which itself was a record-breaking exodus following the departure of 1,600 high-net-worth individuals (HNWIs) in 2022.

Here are some additional insights from the report:

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While the UK faces millionaire outflows, the UAE continues to attract wealth, making it a pivotal year for global wealth migration.

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