In 2025, a record 142,000 millionaires are relocating to greener, tax-friendlier pastures.
While the rest of us are budgeting groceries and rage-scrolling Zillow listings, the ultra-wealthy are chasing golden visas, beachfront villas, and governments that don’t ask too many questions.
Here are the 10 countries racking up the most new millionaires this year — plus a peek at who’s quietly bleeding billion-dollar bank accounts.
Spoiler: it ain’t us.
United Arab Emirates
If you’re rich and allergic to taxes, welcome to Dubai. The UAE is adding nearly 10,000 new millionaires this year. No income tax, no inheritance tax, and luxury everything. It’s basically SimCity for oil princes, influencers, and crypto expats. A $63 billion wealth inflow this year alone — and not a W-2 in sight.
United States
Despite our student loans and burned coffee, the U.S. remains a millionaire magnet. 7,500 more are joining the club in 2025, flocking to Miami and Austin like moths to a tax-free flame. Between booming AI startups and flexing markets, the American dream is alive and well — just not for us.
Italy
Turns out you can buy pasta, views, and tax breaks all in one move. Italy’s bringing in 3,600 millionaires, offering a flat €200K tax on global income. Milan’s hot, Lake Como’s hotter, and the government doesn’t care how you got rich — as long as you spend some of it on Chianti.
Switzerland
Neutrality, chocolate, and secret bank accounts. Switzerland is adding 3,000 millionaires, and honestly, who’s surprised? It’s the capital of “we don’t ask questions,” and the Alps aren’t a bad backdrop for counting money you made somewhere else.
Saudi Arabia
Here’s a twist: Saudi Arabia is seeing an 8x increase in millionaire migrants this year. Why? The country is rewriting its image — hard. Riyadh’s skyline is exploding, and oil money’s now being dressed up as tech and tourism. It’s not subtle, but neither are luxury yachts.
Portugal
Golden visa? Check. 300 sunny days a year? Check. Taxes you can sort of ignore? Double check. 1,400 millionaires are landing here in 2025, and they’re probably sipping vinho verde while the rest of us calculate our Uber Eats regrets.
Greece
Greece is cheap, beautiful, and very into letting you live there if you have a few million lying around. 1,200 new millionaires are expected in 2025. Sure, the economy’s still shaky, but yachts don’t sink when the locals riot. Apparently.
Canada
Oh, Canada. Always polite, always chilly, and now home to 1,000 fresh millionaires. The country’s stable, offers a clear immigration path, and no one yells on the news. Unless you count hockey.
Australia
Rounding out the top tier, Australia welcomes another 1,000 moneybags this year. Sunshine, real estate, and a culture of low-key wealth make it a soft landing spot for Asia-Pacific elites. Just don’t try buying avocado toast if you’re not already rich.
United Kingdom (In Reverse)
And here’s where the money is fleeing. The UK is losing a staggering 16,500 millionaires in 2025. Between tax hikes, the collapse of non-dom perks, and a general sense of economic doom, the British elite are catching the first flight out. Probably to Italy. Or the UAE. Or literally anywhere with sun and fewer tax attorneys.
