36% of UBS Billionaire Clients Relocated in 2025, UAE Tops Destinations
UBS reports 36% of its 87 billionaire clients relocated at least once in 2025, with 44% of those aged 54 or younger also moving and 9% considering a shift. Clients cite quality of life (36%), geopolitical concerns (36%) and tax optimization (35%) as primary reasons.
1. UBS Reports Billionaire Client Mobility
UBS reveals 36% of its 87 billionaire clients relocated at least once in 2025, with an additional 9% planning moves and especially high mobility (44%) among those aged 54 or younger.
2. Key Relocation Motivations
Clients identify better quality of life and geopolitical stability (each 36%) along with more efficient tax planning (35%) as their top relocation motivations, signaling areas for enriched advisory support.
3. Top Destinations and Flows
The United Arab Emirates led all destinations with a net gain of about 9,800 millionaires last year; Portugal, Greece and Singapore also saw rising inflows, while the United Kingdom experienced a loss of roughly 16,500 millionaires following tax reform.
4. Implications for UBS
Shifting client locations could expand UBS’s cross-border advisory fees but will demand adapting wealth management services to varied regulatory and fiscal landscapes worldwide.