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Australia is expected to surpass the United Arab Emirates to become the top country to attract inflows of high-net-worth individuals according to a new report from Henley & Partners.

A new report from consulting firm Henley & Partners forecasts that China will lose 13,500 millionaires this year, twice as many as second-place India.

Wealthy Indian families prefer Dubai and Singapore to settle, says a Henley migration report

An estimated 13,500 high-net-worth individuals are predicted to leave China this year

China is estimated to lose 13,500 high-net-worth individuals with investable wealth of more than US$1 million

Although the outflow of HNWIs from India is notable, experts believe that it should not be a cause for major concern.

While the annual exodus of US-dollar millionaires is nothing new for China, the conditions under which they are now leaving are unique and raising red flags

Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles.

Nation to see net outflow of 13,500 in 2023: Henley & Partners

China’s prolonged Covid restrictions and “common prosperity” policy have been cited as reasons for wealthy people leaving the country.

Australia, UAE and Singapore are the main hubs attracting high net wealth individuals

UK Set to Suffer Bigger Net Exodus of Millionaires than Russia in 2023.