The UAE is the leading destination for millionaires, attracting 6,700 millionaires in 2024.

The UAE emerged as the top destination for millionaire migration in 2024, welcoming 6,700 high-net-worth individuals. This significant inflow highlights the country’s robust appeal, thanks to its tax-friendly policies, luxurious lifestyle offerings, and strategic position as a global business hub. Following closely are the USA (3,800), Singapore (3,500), and Canada (3,200).

China experienced the most significant exits, with 15,200 millionaires relocating. Nigeria also made the list of countries with the highest millionaire relocations, with 300 in 2024.

Note:
'Millionaires' refer to individuals with investable wealth of $1 million or more.
These are provisional figures for 2024, as the data is based on year-to-date movements to June 2024.
Figures are rounded to the nearest 100.

Source:

New World Wealth

Period:

2024
HTML code to embed chart
Want a bespoke report?
Reach out
Click to copy HTML embed code
Tags
Related Insights
Elon Musk tops the global wealth rankings with a fortune surpassing $300 billion as of March 13, 2025
Key Takeaways:
  • As of March 13, 2025, Elon Musk is the sole individual whose net worth exceeds $300 billion.
  • Mark Zuckerberg is recognised as the youngest member among the top ten wealthiest individuals globally.
  • The exclusive $200 Billion Club features just three members: Musk, Bezos, and Zuckerberg.
  • The combined wealth of the ten richest individuals in the world totals around $1.8 trillion.
  • Eight individuals in the top ten wealth ranking list hail from the United States.
As of March 6, 2025, Alice Walton ranks as the richest woman in the world with a net worth of $103.9 billion
Key takeaways:
  • The total wealth of the three richest women surpasses $259 billion.
  • Alice Walton is the only woman in the world whose net worth exceeds $100 billion.
  • These women share a legacy of inherited wealth that they have successfully transformed into increased wealth.
  • Each of the top three richest women holds a net worth greater than $70 billion.
  • The top three richest women in the world are engaged in philanthropic endeavours.
Nigeria’s richest man has a net worth of $23.9 billion, ranking him as the 86th richest person globally
Key takeaways:
  • The total wealth of Nigeria's top four billionaires amounts to $37.4 billion.
  • Aliko Dangote's fortune accounts for almost 64% of the overall wealth among Nigerian billionaires.
  • Dangote's net worth is more than three times the net worth of Adenuga, and nearly 16 times greater than Otedola's.
  • All four individuals accumulated their wealth primarily through entrepreneurial efforts.
  • The sources of wealth for Nigeria's four richest men span various sectors, including cement, telecommunications, agriculture, and energy.
Aliko Dangote, the richest man in Africa has a net worth of $23.9 billion as of March 6, 2025
Key takeaways:
  • Africa’s wealthiest individual, Aliko Dangote, is approximately twice as rich as Johann Rupert and Nicky Oppenheimer.
  • Each of the three richest men in Africa have a net worth exceeding $10 billion.
  • Aliko Dangote maintains his status as Africa's wealthiest man, with a fortune that surpasses his closest rival by more than $9 billion.
  • The cumulative net worth of the five richest men in Africa is around $65.2 billion.
  • The difference in net worth between Africa's richest man and the fifth richest man is $17.1 billion.
POPULAR TOPICS
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved