The United Kingdom is projected to lose the highest number of millionaires in 2025, with an estimated net outflow of 16,500 high-net-worth individuals, according to the Henley & Partners 2025 report. This represents a significant increase, more than double the projected loss of 7,800 from China, which previously held the top spot for ten years.
UK TOPS LIST OF COUNTRIES LOSING MOST MILLIONAIRES IN 2025 Henley & Partners reveals the top 10 countries projected to see the biggest outflow of millionaires this year: 1. United Kingdom 2. China 3. India 4.
Provisional data in the Henley Private Wealth Migration Report 2025 indicates a net loss of approximately 16,500 millionaires in the UK in 2025, with estimated wealth of a staggering USD 91.8 billion — this surpasses even the USD 14.7 billion wealth held by the 1,500 high-net-worth individuals migrating from Russia.
The top destination cities for millionaires leaving the UK in 2024/2025 are expected to include Paris, Dubai, Amsterdam, Monaco, Geneva, Sydney, and Singapore, as well as retirement hotspots such as Florida, the Algarve, Malta, and the Italian Riviera.
How many millionaires have left the UK so far in 2025?
In 2025, a record 16,500 millionaires left the UK. This is the largest number of wealthy people to ever leave one country in a single year. Many are moving to places like the UAE, USA, Italy, Portugal, and Singapore.
Britain is no longer classed as a “rich country” by the National Institute of Economic and Social Research. Years of stagnant wages, rising costs, and failing public services have pushed living standards down. While millions struggle, the ultra-rich keep getting richer. Who is the system working for?
Earlier this year, MoneyWeek spoke to a millionaire who is leaving the UK because of the non-dom tax status abolishment. In contrast, countries such as Dubai or closer to home in Greece and Portugal are making it easier for wealthy people to emigrate.
The pyramid shows that: half of the world's net wealth belongs to the top 1%, top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth, top 30% of adults hold 97% of the total wealth.
How much money in the bank is considered rich in the UK?
While there is no set definition of high net worth individuals (HNWIs), they are generally defined as people with substantial financial resources of £1m+, excluding personal assets and their primary residence.
Where are UK millionaires relocating to? Popular destinations include the UAE, USA, Switzerland, Italy, Portugal, Greece, and Saudi Arabia. These countries offer favourable tax treatment, investor visa routes, and potentially, greater fiscal stability.
Thailand. Thailand's appeal as a retirement destination hinges largely on its low cost of living, warm climate, friendly people, and unique combination of busy city life and quiet beach towns.
The UK Muslim population in 2025 is estimated to be around 4 to 4.5 million, making up approximately 6% to 6.5% of the total UK population, according to various 2025 reports from organizations like the Muslim Council of Britain (MCB) and IslamiCity. A key trend highlighted in 2025 data is that over half of British Muslims are now UK-born, a first for census records, with strong integration and a powerful sense of British identity, even as challenges in poverty and health persist.
Brits are moving to tax-efficient locations like the United Arab Emirates (UAE) (especially Dubai) for zero income tax, while Malta attracts many with EU access and favorable remittance-based tax schemes. Other popular spots include Portugal, Greece, and Cyprus, offering tax incentives and lifestyle benefits, with some also considering the Bahamas, BVI, and Jersey for nil/low-tax environments, according to migration advisors.
The 70/20/10 rule for money is a budgeting guideline that splits your after-tax income into three categories: 70% for living expenses (needs), 20% for savings and investments, and 10% for debt repayment or charitable giving, offering a simple framework to manage spending, build wealth, and stay out of debt. This rule helps create financial discipline by ensuring a portion of your income consistently goes toward future security and paying down liabilities, preventing lifestyle creep as your income grows.
