Rising Trend of Wealthy Migrants to the United States
The United States is set to welcome approximately 7,500 foreign millionaires in 2025, bringing with them a collective wealth of $43.7 billion, according to a recent study. This surge highlights the growing appeal of the U.S. as a destination for high-net-worth individuals seeking new opportunities and stability.
From 2014 to 2024, the number of millionaires in the U.S. increased by 78%, reflecting a significant shift in global wealth distribution. The Henley Private Wealth Migration Report 2025, published by investment consulting firm Henley & Partners, attributes this growth to several key factors that make the U.S. an attractive location for the wealthy.
One of the main drivers is the U.S. EB-5 Immigrant Investor Program, which was established in 1990. This initiative has been responsible for over $50 billion in foreign direct investment, making it a crucial component in attracting international investors. Additionally, the U.S. offers an “entrepreneurial ecosystem” that is unmatched in delivering transformative growth potential, further enhancing its appeal.
Another factor contributing to the U.S.’s popularity is the proposed Gold Card initiative. This program aims to create a premium pathway for ultra-high-net-worth individuals, signaling that the competition to attract global super wealth has intensified. The initiative reflects a strategic effort to maintain the U.S. as a top destination for affluent migrants.
American nationals have emerged as the largest source market for investment migration applications worldwide. In 2025, they account for over 30% of all applications processed by Henley & Partners, a figure that has tripled from the first quarter of the previous year. This trend indicates a growing interest among Americans in exploring global mobility options.
While the U.S. ranks second in the millionaire migration trend, the United Arab Emirates (UAE) leads the way. The UAE expects a net inflow of around 9,800 millionaires with an estimated $63 billion in wealth this year. Between 2014 and 2024, the UAE experienced a 98% surge in its millionaire population. Henley & Partners credits this growth to the country’s welcoming immigration policy, absence of income tax, robust infrastructure, and political stability, all of which contribute to its attractiveness for high-net-worth individuals.
Globally, about 142,000 millionaires are expected to relocate to new countries in 2025. Apart from the U.S. and the UAE, the top destinations include Italy, Switzerland, and Saudi Arabia. These countries are also experiencing a rise in wealthy migrants, driven by similar factors such as economic stability, favorable tax policies, and strong business environments.
The report emphasizes that the migration of millionaires brings numerous benefits. It contributes to increased foreign exchange revenue, the establishment of new businesses, and the stimulation of local stock markets and the middle class. Additionally, their spending leads to indirect job creation and a multiplier effect on wealth growth, reinforcing the positive impact of wealth migration on host economies.
As global competition for high-net-worth individuals intensifies, countries are increasingly focusing on creating policies and programs that attract and retain these valuable migrants. The U.S. and the UAE serve as prime examples of how strategic approaches can significantly influence the flow of wealth and talent across borders.
