Some 6 million high-net-worth individuals with investable wealth of at least $1 million reside in the U.S., representing 34% of global liquid private wealth and 37% of the world’s millionaire population, according to a new report from Henley & Partners, an international wealth and investment migration specialist, in collaboration with New World Wealth, a global data intelligence firm.
From 2014 to 2024, the U.S. surged ahead in wealth generation. The country’s millionaire population grew by 78%, slightly outpacing China’s 74% millionaire growth rate and far exceeding that of other top 10 wealthiest countries ranked by resident millionaires.
The U.S. boasts approximately 6,041,000 millionaires, 10,800 centimillionaires and more than 850 billionaires. This compares with China’s 827,900 millionaires, 2,250 centimillionaires and 280 billionaires.
The U.S. remains a top destinations for global wealth migration, according to the report, but an increasing number of affluent Americans are actively seeking alternative residence and citizenship options abroad.
So far in 2025, American citizens account for nearly a third of all investment migration applications submitted through Henley & Partners, nearly double the combined total of the next five investor nationalities.
“We’re witnessing a new level of sophistication in how affluent Americans manage and diversify their wealth,” Basil Mohr-Elzeki, managing partner at Henley & Partners North America, said in a statement. “Securing alternative residences and citizenships is now a strategic form of risk management — a thoughtful ‘Plan B’ that enhances family resilience, unlocks global opportunities, and safeguards multigenerational legacies.”
Peter Spiro, a Temple University Law School professor, noted in the statement that more Americans are facing the reality that U.S. citizenship alone no longer feels like a sufficient safeguard.
“The enduring value of an American passport is now paired with a growing desire for a backup plan,” Spiro said. “Dual citizenship, once a luxury, is becoming the new American dream. In an era of rising uncertainty, many are seeking not just the right to stay, but the right to leave.”
Henley & Partners’ annual report is produced in collaboration with New World Wealth, whose in-house database tracks the movements of more than 150,000 high-net-worth individuals with a special focus on those with at least $30 million in listed company holdings.
The database mainly comprises entrepreneurs and company founders and individuals from high-value companies who serve as chair, chief executive, president, director and managing partner.
The firm uses various public sources to check city locations, including LinkedIn and other business portals, which means that its statistics are mainly based on the work locations of the individuals. New World Wealth researchers also take into account prime property statistics, specifically the number of highly priced homes in each city or town.
See the gallery for the 10 "wealthiest" cities in the U.S., according to Henley & Partners.
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