10 countries losing the most millionaires in 2023

Published by: Priyanka Deshpande

India is projected to witness a substantial exodus of millionaires in 2023

According to the 2023 Henley Private Wealth Migration Report, India is likely to lose 6,500 high-net-worth individuals (HNWIs) in 2023. Here’s a look at the countries losing the most millionaires.

Japan

Projected Net HNWI outflow (2023): 300

Actual Net HNWI outflow (2022): 100

10

South Korea

Projected Net HNWI outflow (2023): 800

Actual Net HNWI outflow (2022): 400

9

South Africa

Projected Net HNWI outflow (2023): 500

Actual Net HNWI outflow (2022): 400

8

Mexico

Projected Net HNWI outflow (2023): 700

Actual Net HNWI outflow (2022): 800

7

United Kingdom

Projected Net HNWI outflow (2023): 3,200

Actual Net HNWI outflow (2022): 1,600

6

Brazil

Projected Net HNWI outflow (2023): 1,200

Actual Net HNWI outflow (2022): 1,800

5

Hong Kong

Projected Net HNWI outflow (2023): 1,000

Actual Net HNWI outflow (2022): 2,400

4

India

Projected Net HNWI outflow (2023): 6,500

Actual Net HNWI outflow (2022): 7,500

3

Russia

Projected Net HNWI outflow (2023): 3,000

Actual Net HNWI outflow (2022): 8,500

2

China

Projected Net HNWI outflow (2023): 13,500

Actual Net HNWI outflow (2022): 10,800

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