Approximately 3,500 high-net-worth individuals (HNWIs) are expected to leave India in 2025, according to the Henley Private Wealth Migration Report 2025. This figure represents a continued, though slightly reduced, trend of wealthy individuals emigrating, compared to 4,300 in 2024 and 5,100 in 2023.
An estimated 3,500 Indian millionaires will leave the country in 2025—down from 5,100 in 2023 and 4,300 in 2024, yet still among the world's highest.
Well yes they are but there has always been outflow from India. In fact as per the Henley private wealth migration report the number of rich Indians leaving may actually be slowing though India is still the top third country for millionaires migration after China and the UK. About 5100 millionaires left in 2023.
The UAE, US, and Italy are the top destinations for migrating millionaires in 2025. 142,000 millionaires are set to relocate globally this year, bringing billions in investable wealth. Henley & Partners cites safety, taxes, and lifestyle as key drivers of millionaire migration trends.
Looking ahead, India's millionaire households could double to 1.7-2 million by 2035, narrowing the gap with China's 51 lakh millionaire families and strengthening India's global economic influence.
According to the Hurun India Rich List 2025 report, the number of billionaires in the country has crossed 350, showing a 6x increase since 2013.
Key Takeaways
In 2025, the global millionaire population reached 60 million adults.
The United Kingdom tops the list of net outflows, with 16,500 millionaires expected to leave in 2025. That's nearly double the outflow from China, which ranks second with a net loss of 7,800 HNWIs. For the first time in a decade of tracking, a European country leads the world in millionaire outflows.
half of the world's net wealth belongs to the top 1%, top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth, top 30% of adults hold 97% of the total wealth.
Which countries are Indian millionaires moving to? Most Indian millionaires are shifting to the UAE, the US, Australia and Singapore because of better business ecosystems, tax advantages and global mobility.
India's wealthy population in the prime $5-million category rose to 47,720 individuals between 2016 and 2017, recording 21 per cent growth. This is twice the global average (nine per cent) and one- and-a-half times the Asia average (14 per cent), said a Knight Frank wealth report.
At just 31, Aravind Srinivas (Perplexity AI) tops the list with a net worth of ₹21,190 crore, followed by Ritesh Agarwal (OYO) and the founders of Zepto.
UK TOPS LIST OF COUNTRIES LOSING MOST MILLIONAIRES IN 2025 Henley & Partners reveals the top 10 countries projected to see the biggest outflow of millionaires this year: 1. United Kingdom 2. China 3. India 4.
Annually, that's roughly ₹45–50 lakh, while the average Indian earns a fraction of it. Even more surprising — to be in the top 1% by net worth, you need assets of just around ₹1.5 crore. The gap between perception and reality of “rich” in India is massive.
About 90% of millionaires build wealth through long-term investing, often focusing on real estate, starting their own businesses, and making consistent, disciplined financial choices like budgeting, saving, and continuous self-education, rather than flashy spending, with a strong belief in controlling their own financial destiny. They prioritize tangible assets and income streams, using strategies like leverage and tax benefits, and avoid excessive spending on depreciating assets like luxury cars.
Which countries are the top destinations for millionaire immigrants? The top destinations for millionaire immigrants include Australia, the United Arab Emirates (UAE), Singapore, the United States, and Switzerland.
The top 10 most powerful countries by military strength in 2025, according to the Global Firepower Index, are:
The United States remains the leading country in terms of the number of millionaires, with nearly 24 million individuals holding this status.
Only a small percentage of Americans retire with $1 million or more in retirement savings, with figures from the Federal Reserve and Employee Benefit Research Institute (EBRI) showing around 3.2% of retirees hitting that mark, though some sources cite slightly lower numbers for all Americans (around 2.5%) or higher estimates for households nearing retirement (over 10% of older households have $1M+ net worth, not just retirement funds). The reality is most retirees have significantly less, with the median for ages 65-74 being around $200,000-$609,000 in retirement accounts.
India is witnessing a rapid rise in millionaires, with 871,700 millionaire families in 2025, according to the Mercedes-Benz Hurun India Wealth Report 2025. Maharashtra leads as the wealthiest state with 178,600 millionaire households, while Mumbai remains the "Millionaire Capital" of India.
No single group holds exactly 90% of the wealth globally or in the U.S., but the top 10% of adults globally hold about 85% of the world's wealth, while the bottom 90% hold only 15%, showing extreme concentration; in the U.S., the top 1% owns roughly as much wealth as the bottom 90% combined, with the wealthiest 10% holding about two-thirds of the nation's wealth.