Russia saw the largest exodus of millionaires in the first half of this year.
, The United Arab Emirates is forecast to see the largest net inflow of HNWIs in 2022, while China, Hong Kong and the U.K. are also among the markets seeing dramatic emigration of millionaires.
The war has also forced HNWIs in Ukraine to leave. Henley is predicting Ukraine will lose about 42 percent of its HNWI population, the equivalent of 2,800 millionaires. Neighboring India is expected to lose about 8,000 millionaires due to migration this year, up from a net loss of 7,000 in 2019. Hong Kong also continues to lose high-net-worth residents, but the migration rate has fallen by 29 percent to 3,000 in 2022.
Meanwhile, the UAE’s efforts to attract private wealth, capital and talent by adapting immigration regulations are paying off. The UAE is expected to welcome an influx of 4,000 HNWIs, up 208 percent from 2019’s net inflow of 1,300 millionaires.
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