PULSE POINTS
WHAT HAPPENED: Britain is set to lose a record number of millionaires in 2025, with 16,500 expected to emigrate as economic uncertainty grows and illegal immigration increases.
WHO WAS INVOLVED: Wealthy residents leaving the United Kingdom, Britain’s governing Labour Party, Dr. Juerg Steffen of Henley & Partners.
WHEN & WHERE: The data pertains to 2025, with the United Arab Emirates (UAE) becoming a top destination for millionaires while Britain sees record illegal boat arrivals.
KEY QUOTE: “2025 marks a pivotal moment. For the first time in a decade of tracking, a European country leads the world in millionaire outflows.” – Dr. Juerg Steffen
IMPACT: The United Kingdom’s economic competitiveness and investment appeal are collapsing under the leftist Labour Party.
IN FULL
Britain is on course to lose 16,500 millionaires in 2025, the largest-ever exodus of wealthy residents from the country. This emigration wave coincides with a surge in small boat crossings of the English Channel by illegal immigrants, which are also breaking records under Prime Minister Sir Keir Starmer’s leftist Labour Party.
The United Arab Emirates (UAE) stands to gain the most from this outflow, with 9,800 millionaires expected to relocate there in 2025, bringing with them an estimated $63 billion in investable assets. Globally, 142,000 high-net-worth individuals are projected to move this year, a 16 percent increase compared to 2024.
Dr. Juerg Steffen, CEO of Henley & Partners—which describes itself as “the global leader in residence and citizenship by investment”—emphasized the importance of this shift: “2025 marks a pivotal moment. For the first time in a decade of tracking, a European country leads the world in millionaire outflows. This isn’t just about changes to the tax regime. It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere.”
The trend was reported earlier this year in Britain’s capital, London, when the financial hub dropped out of the five wealthiest cities in the world due to millionaires fleeing the hyper-diverse city.
Image by Simon Dawson / No 10 Downing Street.
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