The 18th volume in the Barclays Wealth Insights report series tracks the international movements of the world's high net worth individuals, exploring where they live, work, retire and are planning to move to.

Download the full report [PDF, 8.82MB]

View a text version of the infographic

NUMBER OF COUNTRIES IN WHICH HIGH NET WORTH INDIVIDUALS HAVE LIVED

Today’s high net worth individuals are more mobile than ever before, with nearly half of those surveyed (43%) having lived in more than one country:

  • 57% have lived in only one country
  • 22% have lived in two countries
  • 12% have lived in three countries
  • 4% have lived in four countries
  • 2% have lived in five countries
  • 2% have lived in six countries or more

REASONS FOR PLANNING OR CONSIDERING A MOVE TO A DIFFERENT COUNTRY

While financial and business considerations remain an important motivation for some wealthy individuals planning to relocate, lifestyle factors such as climate and economic security take precedence when determining migration choices:

  • 35% are motivated to migrate for a desirable climate
  • 25% are motivated to migrate for economic security
  • 24% are motivated to migrate for retirement
  • 20% are motivated to migrate for an international career
  • 20% are motivated to migrate for education/opportunities
  • 20% are motivated to migrate for the experience of another culture
  • 19% are motivated to migrate for economic opportunities
  • 18% are motivated to migrate for a lower cost of living
  • 18% are motivated to migrate for a better work-life balance
  • 12% are motivated to migrate to start their own business
  • 10% are motivated to migrate for political security
  • 9% are motivated to migrate for healthcare / social services
  • 7% are motivated to migrate for their marriage / partner
  • 6% are motivated to migrate because they were born / grew up there
  • 2% are motivated to migrate as they are currently unemployed

WEALTH MIGRATION PATTERNS: WHERE THE WEALTHY ARE PLANNING TO MOVE IN THE NEXT FIVE YEARS

North America and Europe still hold the strongest puling power for the global high net worth population considering migrating in the next five years. However, while wealthy individuals are gravitating towards a small number of destinations, increasing numbers are looking to the East for a future move:

  • 65% of those in Latin America considering to migrate are looking to North America
  • 59% of those in Latin America considering to migrate are looking to Europe
  • 36% of those in North America considering to migrate are looking to Europe
  • 12% of those in North America considering to migrate are looking to Latin America
  • 6% of those in North America considering to migrate are looking to Asia Pacific
  • 38% of those in Europe considering to migrate are looking to North America
  • 11% of those in Europe considering to migrate are looking to Asia Pacific
  • 5% of those in Europe considering to migrate are looking to Latin America
  • 38% of those in the Middle East considering to migrate are looking to Europe
  • 32% of those in the Middle East considering to migrate are looking to North America
  • 43% of those in Asia Pacific considering to migrate are looking to North America
  • 14% of those in Asia Pacific considering to migrate are looking to Europe

THE NEW MULTINATIONAL WEALTHY

As high net worth individuals mould themselves into global citizens, they feel a growing sense of becoming multinational:

  • 74% who have lived in five or more countries consider themselves to be multinational
  • 75%  who have lived in four countries consider themselves to be multinational
  • 66% who have lived in three countries consider themselves to be multinational
  • 48% who have lived in two countries consider themselves to be multinational
  • 33% who have lived in one country consider themselves to be multinational

If you want to put our infographic on your own website, here's the code to copy and paste into your page:

<a href="https://wealth.barclays.com/employer-solutions/en_gb/home/research/research-centre/wealth-insights/volume-18.html"><img src="https://wealth.barclays.com/content/dam/bwpublic//global/images/aspect-ratio-1-0/shared/wealth-inisghts-18.jpg" alt="Wealth Insights Volume 18 Infographic" width="" border="0"/></a><br />Source: <a href="https://wealth.barclays.com/en_gb/home/research/research-centre/wealth-insights.html">Barclays Corporate & Employer Solutions</a>