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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

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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