Millionaire migration in 2015
NEW
WORLD
WEALTH
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Millionaire migration in 2015
Publication date: March 2016
Millionaire migration in 2015
NEW
WORLD
WEALTH
City migration
Cities with biggest inflows of millionaires
The following cities had the biggest net inflows of millionaires (HNWIs) in 2015.
Cities ranked by millionaire inflows, 2015
Country Inflow of millionaires in 2015 Millionaires, 2015 % added
Sydney 4 000 95 400 4%
Melbourne 3 000 66 800 4%
Tel Aviv 2 000 29 000 6%
Dubai 2 000 42 000 5%
San Francisco 2 000 129 000 2%
Vancouver 2 000 25 300 8%
Seattle 1 000 19 600 5%
Perth 1 000 28 000 4%
Notes: Numbers rounded to nearest 1000.
Source: New World Wealth
Notes:
USA and South Africa. Other Australian areas such as the Gold Coast, Brisbane, Noosa and the
Sunshine Coast also experienced inflows.
Jerusalem and Netanya also experienced inflows.
South East Asia.
Spotlight on London
London experienced a net inflow of around 500 millionaires in 2015. This was low compared to recent
years as a number of millionaires left the city in 2015 (around 3,000 came in and 2,500 left).
Many of the 2,500 that left moved to other parts of England, mainly to small towns in the London commuter
belt along the Thames (such as Maidenhead, Beaconsfield, Bray, Cookham and Marlow). A large number
also moved overseas, mainly to English speaking countries such as Australia, Canada, New Zealand and
USA.
Millionaire migration in 2015
NEW
WORLD
WEALTH
Of interest, most of the millionaires that left London were UK born whereas almost all of the millionaires
that came into the city were from other countries.
This may be a trend that continues in future as several wealthy UK born people that we spoke to said
they were concerned about the way London and the UK in general had changed over the past decade or
so. Australia seems to be their preferred destination.
Cities with biggest outflows of millionaires
The following cities had the biggest net outflows of millionaires in 2015.
Cities ranked by millionaire outflows, 2015
Country Outflow of millionaires in 2015 Millionaires, 2015 % lost
Paris 7 000 126 000 6%
Rome 5 000 73 100 7%
Chicago 3 000 134 000 2%
Athens 2 000 22 000 9%
Notes: Numbers rounded to nearest 1000.
Source: New World Wealth
Destinations:
Why did they leave
We interviewed migration experts and HNWIs to find out on their reasons for leaving. Notable reasons
that they mentioned included:
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