Biggest millionaire migration recorded in 2024

Biggest millionaire migration recorded in 2024

Asian countries shine in the Investment Migration Program Index.

A milestone in global migration trends is expected to happen this year with an estimated 128,000 millionaires projected to relocate, setting a new record for millionaire migration.

Dominic Volek, Group Head of Private Clients at Henley & Partners, said that amidst this significant movement, Asian countries are emerging as key players in attracting this affluent demographic through their investment migration programs.

"Asia hosts a variety of residence by investment programs that rank highly on our index, making them highly attractive to wealthy individuals globally," Volek explained. 

Programs such as Singapore's Global Investor Program, Thailand's Long-Term Stay Visa and Elite program, Malaysia's My Second Home program, and the recently reintroduced Capital Investment Entrant Scheme in Hong Kong, stand out for offering safe environments and desirable lifestyles, thus drawing significant interest from potential migrants.

Volek highlighted the dual benefits of investment migration programs, noting that they serve as an innovative tool for governments to boost foreign direct investment and achieve fiscal autonomy. 

"We've coined the term 'sovereign equity' to describe how these programs attract capital and talent, significantly benefiting the host countries," he said.

With the world facing increasing volatility due to geopolitical events, the demand for investment migration is expected to rise. Volek anticipates a continued upward trajectory in millionaire migration as high-net-worth individuals seek the security and freedom that multiple residencies and citizenships can offer. 

"Wealthy people are increasingly seeking optionality and freedom to hedge against future uncertainties," he noted, underscoring the appeal of investment migration as a strategic move for individuals looking to safeguard their and their families' futures.

This trend reflects a broader shift in global mobility patterns, with investment migration programs playing a pivotal role in reshaping how and why people move across borders. For countries, particularly those in Asia with highly ranked programs, this movement presents a unique opportunity to attract investment and expertise, contributing to economic growth and diversification.

Follow the link for more news on

Join Asian Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Conduct risk puts 54% of insurance CROs on high alert
38% of APAC insurers are implementing AI tools, higher than the global average of 22%.
Insurance
Bright skies ahead for Bombardier in Asia
The story of Bombardier Inc, is one of family, one of belonging, and the corporate manifestation of that, deep-rooted client-centrism.
Aviation

Exclusives

How women in power are the key to business success
Industry experts share their thoughts on how women in business can be the ultimate growth driver.
Pupuk Kaltim CEO takes pride in SNI-quality products
The Indonesian leader in fertiliser manufacturing says it’s a company and industry commitment.
Strong women in insurance speak on gender bias
Leading women in Singapore’s insurance industry highlight the role of support networks and mentorship in advancing women’s careers in male-dominated sectors.