Data from Henley & Partners indicates significant shifts in the global distribution of millionaires in 2023, with Australia and the United Arab Emirates witnessing a substantial increase in attracting high wealth individuals. This transformation is partly attributed to the search for safe and stable havens for millionaires to protect and grow their wealth, especially amidst geopolitical and economic tensions in some countries.

Australia, which attracted the highest number of millionaires in 2023, offers enticing migration programs that value experience, education, and language skills, making it a preferred destination for many investors and high-net-worth individuals. Australia boasts features such as a strong economy, beautiful environment, excellent healthcare system, safety, and quality education, making it one of the top choices for those seeking a high quality of life.

On the other hand, the UAE emerges as an attractive destination for millionaires due to its diverse economy and open investment policies. Additionally, hosting Expo 2020 further enhanced the UAE’s appeal, attracting attention from investors and businessmen worldwide.

Of course, there are other countries that also attract millionaires, such as Singapore, aiming to transform itself into the “Silicon Valley of Asia,” and the United States, maintaining its attractiveness due to its vibrant technology sector and the EB-5 Immigrant Investor Program.

Overall, this global shift in millionaire distribution reflects changing patterns in investment and new economic trends, as wealthy individuals seek economically and politically stable environments conducive to wealth growth and protection.