This map shows the geography of migration among the world’s richest people or high net worth individuals (HNWIs). It raises interesting questions about why some places are winners while others are experiencing net declines in what has been termed ‘elite migration’. Figure 1, below, shows data compiled by a South African wealth intelligence firm, New World Wealth, which were included in the 2023 report listed in the Further reading box.
The New World Wealth data relate to over 150,000 HWNIs who have senior roles in private companies. People were only included if they had relocated to a new country for at least 6 months and had received residency or full citizenship. HNWIs include millionaires, ‘centi-millionaires’ (with at least US$ 100 million in private assets) and billionaires. Obtaining data on these individuals is not straightforward, but we would argue the overall geography of movement depicted here is robust. The data are mapped as total numbers of people. The map only shows people who are active in the business world. It does not include, for example, wealthy athletes.
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