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Henley Private Wealth Migration Dashboard

A unique new interactive analytical tool providing global citizens, investors, wealth managers, and private bankers with exclusive statistics and insights into global high-net-worth-individual migration and private wealth distribution and movement. Access the most current and comprehensive wealth migration data available, provided by global wealth intelligence firm New World Wealth, which tracks the movement and spending habits of over 150,000 affluent individuals across the world. Read the methodology here.

Henley Private Wealth Migration Dashboard

Unique global wealth migration modeling

The data on the Henley Private Wealth Migration Dashboard covers 62 countries in eight regions worldwide (Europe and the UK, the Americas, Middle East, Africa, CIS or Commonwealth of Independent States, East Asia, South Asia, and Southeast Asia and Oceania) and tracks the movement and spending habits of over 150,000 wealthy individuals in New World Wealth’s database, which is used purely for in-house, statistical studies — the names and contact details of individuals are not disclosed or sold. This data forms the basis of all New World Wealth’s private wealth and wealth migration modeling.

The Henley Private Wealth Migration Dashboard features four different sets of data and statistics:  

1. High-net-worth-individual inflows and outflows

The high-net-worth-individual inflows and outflows data represents the top 10 countries globally for the physical exit and arrival of millionaires projected for 2022. Net inflows refers to the total number of high-net-worth individuals who have relocated to a country, while net outflows refers to the total number of millionaires who permanently left a country. Nine of the top 10 countries for high-net-worth-individual inflows in 2022 host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights. 

2. High-net-worth-individual migration

The high-net-worth-individual migration data reflects the number of millionaires who have moved to a new country year on year since 2013 — namely, those who have relocated and remained in a new country for longer than six months. There was a steady growth trajectory until 2020 when the Covid-19 pandemic prevented tracking millionaire migration. The 2022 and 2023 projections predict a rapid recovery.

3. High-net-worth-individual growth

The high-net-worth-individual growth data reflects the percentage change in the number of resident high-net-worth individuals in a country over a certain time frame, including 10-year forecast growth, the past year’s growth, and the past 10 years’ growth. Users can view data for the W10 — the world’s 10 wealthiest countries in 2022 by total wealth (namely, the overall private wealth held by all the individuals living in a country, including all their assets less any liabilities) and they can add a country to compare its growth with the W10 growth figures. Additionally, users can select a region to compare the growth data for specific countries in that region, and they can also view a detailed breakdown of demographic and wealth population data for each country.

4. High-net-worth-individual country data

The demographic and wealth population data for the W10 — the world’s 10 wealthiest countries in 2022 by total wealth (namely, the private wealth held by all the individuals living in a country, including all their assets less any liabilities) — and 52 other key countries in eight regions provides an overview of the global distribution of high-net-worth individuals and private wealth in 2022. Five of the W10 countries host investment migration programs , encouraging foreign direct investment in return for residence or citizenship rights.

Research methodology 

High-net-worth-individual migration data

The migration of high-net-worth individuals is an important gauge of the health of an economy. For instance, countries that attract high-net-worth individuals tend to be robust, with low crime rates, competitive tax rates, and excellent business opportunities. It is important to note that the high-net-worth-individual migration figures focus only on people who have truly moved, namely, those who stay in their new country more than half of the year. Many wealthy individuals acquire residence rights for countries but never relocate to those countries. Such individuals are excluded from our figures, which are therefore on the conservative side.  Most migrating high-net-worth individuals do so via acquiring work visas, ancestry visas, and family visas or owing to having second passports by birthright. New World Wealth estimates that currently, around 30% opt for investment migration programs to secure residence rights or additional citizenships.

The following sources are consulted when mapping the migration of high-net-worth individuals:

  • Investment migration program statistics in relevant countries 
  • Regular interviews with high-net-worth intermediaries and advisors, such as wealth managers and brokers 
  • Tracking the movements of high-net-worth individuals as reported in the media 
  • Real estate purchases by high-net-worth individuals. 

Note: No country-specific high-net-worth-individual migration figures are available for 2020 and 2021 owing to coronavirus-related lockdowns and travel restrictions. 

Country wealth data 

New World Wealth uses a model to determine the wealth tiers in each country. Key inputs include:  

  • Wealth data from the firm’s in-house database of high-net-worth individuals 
  • Stock market statistics in each market 
  • Real estate statistics in each market 
  • Household income statistics in each market 
  • Household savings and household debt statistics in each market 
  • Tax data relating to income tiers 

New World Wealth’s model combines the above metrics to calculate the total wealth held in each country and the number of people in each wealth tier. For calculating the top wealth tiers, namely centi-millionaires and billionaires, the firm predominantly relies on its in-house database of high-net-worth individuals.

The model also maps countries’ historical wealth growth trends by considering:

  • Currency movements versus the US dollar
  • Stock market movements
  • Property price movements

Note: All the above statistics are in US dollar terms. It should be noted that the bulk of high-net-worth individuals’ wealth worldwide is tied up in residential property and equities. Large movements in either of these segments in a country therefore heavily impact on the total private wealth held there.

Wealth definitions

Wealth  

Private wealth

An individual’s net assets, namely, all their assets (property, cash, equities, and business interests) less any liabilities

Total wealth

The private wealth held by all individuals living in a country, including all their assets (property, cash, equities, and business interests) less any liabilities

W10

The 10 wealthiest countries in the world in 2022 by total wealth

   
Wealth tiers  

Millionaires or high-net-worth individuals (HNWIs)

Individuals with wealth of USD 1 million or more

Multi-millionaires

Individuals with wealth of USD 10 million or more

Centi-millionaires

Individuals with wealth of USD 100 million or more

Billionaires

Individuals with wealth of USD 1 billion or more

   
Wealth flows  

HNWI inflows and HNWI outflows

The net inflows and outflows of HNWIs to and from a country; namely, the difference between total inflows and total outflows of millionaires

HNWI migration

The movement of millionaires to a new country; namely, those who relocate to a new country and remain there for longer than six months

HNWI growth (or loss)

The percentage change in the number of resident high-net-worth individuals in a country over a given time period

About New World Wealth

New World Wealth is currently the only known independent wealth research company systematically tracking global private wealth migration trends. The firm was established in 2013 and has been following the movements and spending habits of the world’s wealthiest people for almost a decade.

New World Wealth has an impressive track record in providing robust, reliable private wealth data and insights for key publications, such as Knight Frank’s Wealth Report and AfrAsia Bank’s Global Wealth Migration Review. Its reports and findings have been referenced by the Australian Government as well as by global news outlets such as the BBC, Bloomberg, CNN, the Financial Times, the New York Times, and the Telegraph.

All the data available in the Henley Private Wealth Migration Dashboard is licensed by New World Wealth. Henley & Partners Group Holdings Ltd is not responsible for its correctness. The data posted in the Henley Private Wealth Migration Dashboard is freely accessible for private non-commercial use only.

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