A record number of millionaires – over 140,000 in 2023, with projections reaching 165,000 for 2024 – have changed their country of residence, according to New World Wealth. While favorable tax policies historically drove relocation, security concerns and political instability are now primary factors. This represents an all-time high in millionaire migration, indicating a growing trend. The research suggests a significant shift in motivations, moving beyond purely financial considerations. This exodus is impacting global wealth distribution and potentially signaling anxieties about the current geopolitical landscape. Experts anticipate this trend will continue as long as instability persists in various regions worldwide. The data highlights a notable increase in wealthy individuals seeking more secure environments.