UK Faces Historic Wealth Drain as 16,500 Millionaires Leave in 2025
UK Faces Historic Wealth Drain as 16,500 Millionaires Leave in 2025 The United Kingdom is witnessing an unprecedented outflow of private wealth. According to the 2025 Henley Private Wealth Migration Report , a record 16,500 millionaires have left the country in a single year — nearly double the number departing from China , which ranks second globally. This trend marks the largest millionaire exodus in modern UK history and highlights a major shift in global wealth migration patterns. Why Are Millionaires Leaving the UK? Experts largely attribute this mass departure to two major policy changes: The abolition of the non-dom tax regime , which previously allowed foreign residents to protect overseas income from UK taxation. New inheritance tax rules , extending taxation to global assets, significantly increasing long-term financial exposure for high-net-worth individuals. Together, these reforms have reduced the UK’s appeal as a global financial residence . Where Is the Wea...