Wealthy Americans Seek Overseas Residency Amid Political Uncertainty

A new report by Henley & Partners reveals that a growing number of wealthy Americans are considering relocating from the U.S., with motivations including mitigating political risk, seeking business opportunities abroad, lower taxes, and enhanced global mobility. The U.S. remains a top destination for millionaires, but the American wealthy are increasingly seeking backup citizenship and residence in other countries. Concerns such as antisemitism and homophobia have prompted some to move to countries like Portugal, Malta, Spain, Greece, and Italy. While the U.S. remains the top country for private wealth creation, the pandemic and domestic challenges have led to a decrease in the net inflow of millionaires, with countries like Australia, the United Arab Emirates, and Singapore becoming popular alternatives.