In 2024, the United Arab Emirates is set to become a millionaire magnet, attracting the most high-net-worth individuals (HNWIs) globally, thanks to its economic diversification and attractive tax initiatives. Meanwhile, China and the UK are expected to see the largest exodus of millionaires due to economic uncertainties and geopolitical tensions. This dramatic shift highlights the UAE's rise as a global economic powerhouse, while traditionally wealthy nations grapple with losing their affluent citizens. The migration trends offer a fascinating glimpse into the evolving global economic landscape and the strategic moves countries make to attract the wealthy.
The United Arab Emirates is anticipated to attract the most millionaires in 2024, while China and the United Kingdom will lose the most high-net-worth people (HNWIs).
Marcus Lu of Visual Capitalist created this chart, which depicts the top ten nations expected to have the biggest net inflows or net outflows of HNWIs by 202...
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