US No. 2 World Destination for Migrating Millionaires

US No. 2 World Destination for Migrating Millionaires

US No. 2 World Destination for Migrating Millionaires

The U.S. is set to gain a net 7,500 millionaires in 2025, making it the No. 2 destination in the world for high-net-worth individuals (HNWIs) choosing to relocate, Business Insider reported Sunday.  

The United Arab Emirates is the top destination, with 9,800 HNWIs, and Italy is third (3,600), according to the report. In all, 142,000 millionaires are set to relocate in 2025, bringing billions of investable wealth with them, according to the report.

The U.K. leads the world in millionaire outflows, one expert told BI, followed by China and India. Britain is projected to lose 16,500 millionaires in 2025.

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