In collaboration with New World Wealth, we bring you the 2020 Global Wealth Migration Review which analyses global wealth migration trends, including a spotlight on the impact of COVID-19.
- The most popular countries for migrating HNWIs over the past year (2019) included: Australia, USA, Switzerland, Canada, Singapore, Israel, New Zealand, UAE, Portugal and Greece. Other popular destinations for them included: Monaco, Mauritius, Malta, Bermuda and the Caribbean Islands.
- Top destination cities included: Sydney, Geneva, Melbourne, Singapore and Dubai. Tel Aviv and Lisbon were also popular destinations, along with several cities in USA.
- With the Covid-19 outbreak, the resilience of several economies worldwide has been tested and provisional estimates show a drop in inward and outward HNWI migration for the current year (2020).
- We expect Australia, the United States and Switzerland to remain the preferred HNWI destinations globally over the next decade. We also expect New Zealand to emerge as a major HNWI destination in the future.
For further analysis and rankings, please find the full report here.