Private Office Report - Flipbook - Page 36
Henley & Partners Data
USA Millionaire Migration Data
MILLION AIR E G ROWT H
2014- 2 02 4
N O . O F MI L L I O NA I R E S
D E C E MB E R 2 0 2 4
NO . O F C E NT I -MI L L I O NA I R E S
D E C E MB E R 2 0 2 4
78%
6,041,600
10,835
N O. OF BIL L I O N AI RES
DECEMBE R 2 02 4
M I L LI O NA I R E MI GR AT I O N
2025
E S T I MAT E D W E A LT H
(USDbn)
867
+7,500
$43.7
Survey Charts
In line with the global market patterns, in the 12-months to August 2025, lifestyle improvements and downsizing were
observed to have an outsized impact on buyer motivations in the US. Citizenship and upsizing motivations have waned.
Net change in buyer moitivations over the past 12 months
Lifestyle
Improvement
44
36
Downsizing
Family/Education
Needs
14
Security/Stability/
Climate Resilience
12
Prestige/Social
Signaling
11
Tax Bene昀椀ts
10
Work Relocation
8
Citizen/Residencylinked Purchases
-8
Upsizing
-11
-20
-10
0
10
20
Number of responses (net increase)
00
E N G E L & VÖ L K E R S P R I VAT E O F F I C E | M A R K E T R E P O R T 2 0 26
30
40
50
