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Millionaires On The Move: Winners, Losers, And Global Wealth Competition In 2026

Emerging Wealth Hubs Redefine Global Attraction

Shifting tax policies, regulatory changes and geopolitical uncertainty are influencing where affluent individuals choose to live, invest and establish long-term residence. According to the latest Henley & Partners report, countries including Singapore, Italy, Switzerland, Greece, Hong Kong and New Zealand are gaining prominence as destinations for globally mobile wealth, while traditional centers such as the United Kingdom, Germany, France, Norway and South Korea face increasing competition.

A Pivotal Evolution In Wealth Mobility Analysis

The 2026 Henley & Partners report introduces the Global Wealth Mobility Framework, developed in collaboration with AlphaGeo. The model evaluates jurisdictions across 12 weighted factors, including taxation, rule of law, quality of life and geopolitical stability.

Covering applicants from 86 nationalities and 47 investment migration programmes, the framework aims to assess the structural factors influencing wealth mobility rather than focusing solely on migration statistics.

Structural Competitiveness And Jurisdictional Shifts

Findings in the report indicate that affluent families are increasingly building multi-jurisdictional portfolios that combine residence rights, citizenships, investments and business interests across several countries.

Commenting on the trend, Henley & Partners Chief Executive Officer Juerg Steffen said governments are increasingly competing for internationally mobile capital and talent, rather than relying on their wealthiest residents to remain in one location.

Regions Under Pressure And Markets To Watch

Tax reforms and changing policy frameworks are affecting wealth mobility patterns across several countries.

The United Kingdom has experienced rising interest from both domestic and international applicants following changes to tax arrangements and immigration policies. Germany and France are also facing pressure as concerns over fiscal policy encourage some wealthy individuals to consider alternatives abroad.

At the same time, countries such as Italy and Greece have benefited from policies aimed at attracting foreign investors and affluent residents.

The American Wealth Paradox And International Diversification

Despite remaining one of the world’s largest generators of private wealth, the United States ranked lower in terms of wealth mobility competitiveness.

Factors including citizenship-based taxation and complex immigration procedures have encouraged some affluent Americans to pursue additional residence and citizenship options overseas.

According to Basil Mohr-Elzeki, Managing Partner at Henley & Partners, many wealthy families are increasingly viewing international residence and citizenship as part of broader diversification strategies designed to mitigate political and economic risks.

Resilience In The Gulf: A Balancing Act

The United Arab Emirates recorded a Wealth Mobility Competitiveness Score of 85.3, maintaining its position as a major destination for entrepreneurs and investors.

Despite regional tensions, Henley & Partners reported continued interest from expatriates and high-net-worth individuals. Dominic Volek, Group Head of Private Clients at the firm, said enquiries suggest that many investors are seeking greater diversification and contingency planning rather than leaving the country altogether.

Conclusion: A New Era Of Global Wealth Strategy

The 2026 Henley Private Wealth Migration Report highlights how wealth mobility is increasingly shaped by structural factors rather than migration figures alone. As affluent individuals expand their international footprints, governments are facing greater competition to attract investment, talent and entrepreneurial activity

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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