DUBAI — The United Arab Emirates (UAE) attracted the highest net inflow of millionaires in the world in 2022, seeing the number of its residents with a net worth of $1 million or more increase by 5,200 last year, according to a report released Tuesday.
In contrast, several major nations saw their numbers drop. China had the largest drop in its total number of millionaires, followed by India, the United Kingdom and Russia, according to the Henley Private Wealth Migration Report 2023.
Migration statistics on high net worth individuals (HNWIs) are a reflection of the economic outlook and future trends of a country, according to the London-based investment migration consultancy Henley & Partners that published the study.
What happened: The UAE attracted the highest net inflow of millionaires in 2022 according to the Henley Private Wealth Migration Report 2023 released on Tuesday. It also held the top rank of the most millionaires in the Middle East and North Africa (MENA) that year, with 109,500.
