Switzerland, Portugal, as well as Greece have been ranked among the top ten countries in terms of net inflows of High Net Worth Individual (HNWI) for 2022, the recent figures provided by the Henley Global Citizens Report show.
The same shows that as for non-EU countries, among the top ten countries worldwide are also placed the United Arab Emirates, Singapore, Israel, the United States, Canada as well as New Zealand,
According to the Henley Global Citizens Report, a large number of millionaires are expected to move to Malta, Mauritius as well as Monaco. At the same time, among the top ten countries with the highest net outflows of HNWIs are Russia, Hong Kong, India, Ukraine, Brazil, the United States, Saudi Arabia, Mexico as well as Indonesia.
In this regard, the CEO of Henley and Partners, Juerg Steffen, has stressed that HNWI migration was a rising trend in the last years until it decreased in 2020 and 2021 due to the rapid spread of the Coronavirus and its new variants.
Steffen stressed that the 2022 forecast shows an extremely volatile environment in countries worldwide, stressing that by the end of the year, a total of 88,000 millionaires are expected to have relocated to new countries, or 22,000 fewer compared to 2019 figures, during which year a total of 110,000 people moved.
“Next year, the largest millionaire migration flows on record are predicted — 125,000 — as affluent investors and their families earnestly prepare for the new post-Covid world, with an as yet-to-be-revealed rearrangement of the global order and the ever-present threat of climate change as a constant backdrop,” the statement reads.
Quarter 2 of this year’s report, released by the international residence as well as citizenship by investment advisory firm Henley and Partners, features the latest projected new inflows as well as outflows of US dollar millionaires forecast by New World Wealth.
The figures provided by HNWI focus on people with a wealth of USD 1 million and over and who moved as well as those who stay in their new country for more than half of the year.
The data provided by the same source revealed that Russia experienced the most profound emigration of millionaires in the past six months, with a forecast of net outflows of 15,000 by the end of this year.
At the same time, due to Russia’s invasion of Ukraine, the latter is predicted to suffer its highest net loss in its country’s history, of 2,800 millionaires, and a net loss of over 2,400 more than in 2019.