A combination of the long-term consequences of Brexit and the unstable political climate in the country ahead of the July 4 elections has resulted in an exodus of millionaires from the United Kingdom in favour of "haven" countries. This is according to the latest data from a report from Henley, a consultancy firm that tracks migration trends.
The "Henley Private Wealth Migration Report" report notes that the United Kingdom experienced a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year's figure of 4,200 (which was a record-high figure). The UK ranks second in countries with the most significant number of millionaire exodus–with China ranking first at 15,200. Following the UK in the departure are India (4,300), South Korea (1,200), and the Russian Federation (1,000).
