1 year ago
UAE Expected To Welcome Thousands of Millionaires in 2025
Lots of rich people are moving to the United Arab Emirates (UAE).
A report says almost 10,000 millionaires will move there in 2025!
Billionaires like John Fredriksen and Michael Platt are choosing to live and do business in the UAE.
Some are leaving places like the UK because of new tax rules.
The UAE offers a stable place for wealthy people to manage their money.
Dubai and Abu Dhabi are becoming big hubs for money and important people.
The UAE is projected to welcome 9,800 millionaires in 2025, according to a Henley & Partners report.
High-profile billionaires, including John Fredriksen and Michael Platt, have relocated to the UAE.
Fredriksen moved from the UK, citing changes to the tax regime.
Shravin Bharti Mittal and Nassef Sawiris have also shifted their financial bases to the UAE.
Dubai and Abu Dhabi are becoming key centers for global wealth and business.
- Who
- Millionaires and billionaires, including John Fredriksen, Michael Platt, Shravin Bharti Mittal, Nassef Sawiris and Pavel Durov.
- What
- The UAE is expected to see a significant influx of millionaires.
- Where
- United Arab Emirates (UAE), specifically Dubai and Abu Dhabi.
- When
- 2025.
- Why
- Driven by factors such as regulatory reforms, favorable tax policies and political stability.
Shifting Wealth Trends
N/A
Reasons for Relocation
Shifting Wealth Trends
Wealth moving from UK to UAE due to changes in tax policies and other factors.
N/A
N/A
Key facts
- Projected Millionaires in 2025
- 9,800
- Report Source
- Henley & Partners Private Wealth Migration Report
- Notable Relocations
- John Fredriksen, Michael Platt, Shravin Bharti Mittal, Pavel Durov, Nassef Sawiris
- Fredriksen's Previous Base
- United Kingdom
- Durov's Base Since
- 2017
- Sawiris's Family Office
- NNS Group
