The Global Millionaire Migration Wave of 2026: Winners, Losers, and the Shifting Wealth Map

According to Henley Private Wealth Migration Report 2026, 2026 is shaping up to be a record-breaking year for millionaire migration internationally. The latest edition of this annual report introduces the Global Wealth Mobility Framework, revealing how tax, policy, geopolitics, and international access are reshaping the competition to attract millionaires on the move.

According to the report, Singapore, Italy, Switzerland, Greece, Hong Kong, and New Zealand are emerging as some of the most attractive destinations for internationally mobile wealth in 2026, while the United Kingdom, Germany, France, Norway, and South Korea are facing growing competitiveness pressures as tax reforms, fiscal uncertainty, and policy shifts prompt wealthy individuals and families to reassess their options.

At the same time, two wealth mobility flashpoints look set to reshape the geography of global wealth this year: the US, the world’s largest private wealth market and creator of new wealth, is also generating record demand for residence and citizenship optionality as affluent Americans seek international diversification in unprecedented numbers; and the Gulf, where ongoing conflict is testing the resilience of the region’s emerging wealth hubs, particularly the UAE — the leading destination for millionaire migration over the past two years — prompting a new phase of contingency planning among its internationally mobile residents.

The Big Picture: What Does It All Mean?

Millionaire migration is more than a trend—it’s a barometer of global confidence, policy effectiveness, and the shifting sands of economic opportunity. The fastest-growing wealth markets are often those that attract migrating millionaires or are emerging tech hubs, highlighting the crucial role of mobility in wealth creation.

As 2026 unfolds, the global map of wealth is being redrawn, one millionaire at a time.

According to CNBC the top reason why Americans abroad want to dump their U.S. citizenship include:

• Nearly 1 in 4 American expatriates say they are “seriously considering” or “planning” to ditch their U.S. citizenship, a survey from Greenback Expat Tax Services finds.  
• About 9 million U.S. citizens are living abroad, the U.S. Department of State estimates.
• More than 4 in 10 who would renounce citizenship say it’s due to the burden of filing U.S. taxes, the Greenback poll shows.

Should I Stay or Should I Go?

Need Advise on Expatriation?

 

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