India’s rich migration has slowed down this year. The number of millionaires from India expected to leave the country has decreased over the years. As per the Henley Private Wealth Migration Report 2025, 3,500 millionaires will be leaving the country to settle abroad. The data shows a sharp decline in the figure, which was at 4,300 in 2023. The report also says that the millionaires who are leaving India together hold about $26.2 billion in wealth. It’s important to note that from 2014 to 2024, the number of millionaires in India grew by 72%.
More and more rich people are moving to other countries. In 2025, a record 1,42,000 millionaires are expected to shift abroad. This information comes from the Henley Private Wealth Migration Report 2025. The report is published by Henley & Partners, a global firm that helps people invest and migrate. It tracks the latest movements of people who have at least 1 million US dollars in easily usable wealth.
5,100 Indian millionaires were expected to leave India in 2023, and 4,300 millionaires were expected to depart India in 2024 to settle overseas. This shows a falling trend in Indian millionaires looking to settle abroad. The estimated wealth of migrating millionaires from India is $26.2 billion. Reports suggest that between 2014 and 2024, the number of millionaires in India increased by 72%. Since the 2016 Brexit vote, the UK has shifted from being a net magnet for millionaires to a net exporter, with a record 16,500 HNWIs expected to leave in 2025.
Largest Outflow
The report says that a record 1,42,000 millionaires are expected to move to other countries this year. The UK is likely to lose the highest number of rich people. The report also says that in 2026, about 1,65,000 millionaires may move abroad. The report gives detailed information about how many rich people (those with at least 1 million US dollars in easy-to-use wealth) are moving into or out of different countries. The numbers for 2025 are early estimates for the whole year, based on how many wealthy people have already moved so far this year.
Henley & Partners Reports
Dr. Juerg Steffen, CEO at Henley & Partners, says this sharp divergence highlights the rising influence of strategic wealth migration on global economic power shifts. “2025 marks a pivotal moment. For the first time in a decade of tracking, a European country leads the world in millionaire outflows. This isn’t just about changes to the tax regime. It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere. The long-term implications for Europe and the UK’s economic competitiveness and investment appeal are significant.”
