Where are rich Americans moving?

Rich Americans are moving to warmer, lower-tax states like Florida, Texas, and the Carolinas for domestic relocations, seeking better value and lifestyle, while internationally, they look to Europe (Italy, Portugal, Greece, Switzerland) for lifestyle and citizenship programs, and to the UAE (Dubai) and Caribbean nations for tax advantages and investment opportunities, often pursuing dual citizenship. Key drivers include tax incentives, cost of living, quality of life, and a desire for global mobility and security.

Where are the wealthy Americans moving to?

Europe remains a primary destination for wealthy Americans, with residence programs in Greece, Italy, Latvia, Malta, Portugal and Switzerland offering lifestyle and business advantages. Americans are also pursuing citizenships in the Caribbean, Nauru, and Turkey.

Where are millionaires relocating to?

The 10 Best Countries for Millionaire Migration. Currently, the countries attracting the most new millionaires are Australia, the United Arab Emirates (UAE), Singapore, the United States, and Switzerland.

What cities are millionaires moving to?

Top 50 Cities for Millionaires in 2025

• New York City. Population: 8.5 million. ...
• The Bay Area. Population: 7.6 million. ...
• Tokyo. Population: 37 million. ...
• Singapore. Population: 6 million. ...
• Los Angeles. Population: 3.9 million. ...
• London. Population: 9.8 million. ...
• Paris. Population: 11.3 million. ...
• Hong Kong. Population: 7.5 million.

What is the best country to move to if you are rich?

The U.A.E. is again the most sought-after wealth haven with 9,800 HNWIs projected to gain residency status in the Middle Eastern country in 2025—up from 6,700 last year—according to the Henley report.

The Worlds Richest People Are On The Move... What Are They Running From?

What country are wealthy people moving to?

Rich people are moving to countries offering lower taxes, better quality of life, and economic stability, with the United Arab Emirates (UAE), United States, Italy, Switzerland, Saudi Arabia, and Singapore leading as top destinations for millionaire migration in 2025, attracting significant inflows of high-net-worth individuals seeking new opportunities or tax advantages. Major shifts also see the UK and China experiencing substantial outflows of millionaires.
 

What is the most financially stable country to live in?

• United Arab Emirates. #1 in Economically stable. #17 in Best Countries Overall. ...
• Switzerland. #2 in Economically stable. ...
• Germany. #3 in Economically stable. ...
• Canada. #4 in Economically stable. ...
• Japan. #5 in Economically stable. ...
• Australia. #6 in Economically stable. ...
• Sweden. #7 in Economically stable. ...
• Denmark. #8 in Economically stable.

What small town are millionaires moving to?

Truckee-Grass Valley, Calif.

And the long, snowy winters are perfect for the numerous ski resorts in the vicinity of Truckee and Grass Valley. Another appealing aspect of the area for millionaires: It's a straight shot down Interstate 80 to reach Sacramento, the state capital, and San Francisco.

Who owns 90% of America's wealth?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Which country is gaining millionaires fastest?

Ultra-wealthy migration: The world's fastest-growing millionaire hubs

• Montenegro, 124% increase in millionaires between 2014 and 2024.
• UAE, 98% increase.
• Malta, 87% increase.
• Poland, 82% increase.
• USA, 78% increase.

What city is full of billionaires?

Billionaire cities are major global urban centers where the wealthiest individuals reside, with New York City consistently leading as the top city with the most billionaires, followed by major financial hubs like London, Hong Kong, Beijing, and Mumbai, according to reports from Forbes and Hurun Research Institute in 2025. These cities attract the super-rich due to strong financial sectors, real estate, corporate presence, and significant wealth concentration, though some Chinese cities have seen recent declines due to economic shifts.
 

What do 90% of millionaires do?

The famed wealthy entrepreneur Andrew Carnegie famously said more than a century ago, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.

Are wealthy Americans leaving the United States?

High-net-worth individuals are increasingly exploring options for leaving the United States as part of a wider strategy related to global mobility, tax exposure management, and long-term family planning.

Where is the safest place for millionaires to live?

The United Arab Emirates, particularly Dubai and Abu Dhabi, has emerged as one of the most popular destinations for millionaire migration. The UAE's cities rank among the world's safest—street crime is remarkably rare, with homicide rates comparable to Singapore (about 0.5 per 100,000).

What is the wealthiest neighborhood in the USA?

New York: Scarsdale.

This famous New York suburb boasts an average household income of $601,193, as of 2023. The average Scarsdale home is worth $1.6 million, as of June 2025. It's the wealthiest suburb in America.

Where do most of the elites live?

The city with the most ultra-wealthy people — those with a net worth above $30 million — by a large margin: New York. It's home to 21,380 such residents, up 23% from 2024, according to the report, which contains data through June and was published on September 30.

How many Americans have $2 million in the bank?

Only about 1.8% of U.S. households have $2 million or more in retirement savings, a figure from the Employee Benefit Research Institute (EBRI) using Federal Reserve data (2022 Survey of Consumer Finances). This places them in a very small minority, with even fewer (0.8%) reaching $3 million in retirement funds, highlighting that significant wealth accumulation for retirement is rare for most Americans. 

Who will be the 1st trillionaire?

While no one is a trillionaire yet, Elon Musk is widely projected to be the first, potentially by 2027, driven by his stakes in Tesla, SpaceX, and X, with some forecasts suggesting SpaceX's potential IPO could significantly accelerate this. Jeff Bezos and Jensen Huang (Nvidia) are also in contention, but Musk's diverse and rapidly growing ventures place him at the forefront, with a major Tesla pay package potentially adding to his net worth, notes PBS News and Yahoo Finance.
 

Where does Trump rank in wealth?

(In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.) Bloomberg Billionaires Index listed Trump's net worth as $2.48 billion on May 31, 2018, and Wealth-X listed it as at least $3.8 billion on July 16, 2018.

What percentage of Americans have a net worth of $1,000,000?

It's often viewed as a marker of financial success. According to 2023 estimates from the Credit Suisse Global Wealth Report and other sources, approximately 23.7 million U.S. households, or about 18.04% of all households, have a net worth of $1 million or more.

What city where 1 in 3 people are millionaires?

More than 12,000 of Monaco's 39,000 residents are millionaires, roughly one in three people. That astonishing ratio makes the Principality the undisputed leader in millionaire density worldwide.

What is the wealthiest city in the USA?

Rank City State Total Private Wealth 1 New York City New York $4 trillion 2 San Francisco Bay Area California $2.7 trillion 3 Los Angeles California $1.5 trillion 4 Houston Texas $975 billion 5 Washington D.C. D.C.

What country has the best quality of life?

While it depends on metrics, Switzerland, Norway, and Denmark consistently rank at the top for quality of life, often alongside other Nordic nations like Sweden and Finland, praised for strong economies, social welfare, safety, and work-life balance, though some lists also highlight Luxembourg and the Netherlands.
 

Which state is the strongest financially?

The best state to live in financially depends on your priorities, but top contenders often feature low taxes, affordable housing, and decent incomes, with Wyoming, Tennessee, Florida, Texas, North Dakota, South Dakota, and Iowa frequently appearing for low overall cost, while states like Massachusetts offer high wages but higher living costs. Key factors are no state income tax, low cost of living (housing especially), and strong median household incomes, with states like Wyoming and Tennessee often leading for savings, notes.