This small nation is becoming the world's hottest millionaire magnet in 2025
The world's richest are on the move, swapping traditional havens like Switzerland, the US and the UAE for a surprising Eastern European hotspot.
Now being called the world's fastest-growing millionaire hub, Montenegro has witnessed a 124% increase in the number of millionaires in the last 10 years, according to the Henley Private Wealth Migration Report 2025.
With over 2,800 millionaires, the Balkan nation remains especially attractive due to its European proximity and fiscal flexibility, according to Henley & Partners' group head of private clients Dominic Volek.
'Montenegro's low-tax regime, with flat income taxes and no inheritance or gift tax, has made it particularly attractive for wealth preservation. Paired with its Adriatic coastline, luxury real estate offerings, and appealing Mediterranean lifestyle, the country has become a destination of choice for lifestyle-motivated investors," Volek told Fortune.
Similarly, the UAE has emerged as a top destination for high-net-worth migrants, thanks to its political stability, business-friendly environment and attractive Golden Visa program. These factors have helped the nation stand out globally, with an expected net gain of around 9,800 millionaires this year, the highest of any country.
Meanwhile, several European countries such as Montenegro, Malta, and Poland are seeing notable growth in their millionaire populations. However, other parts of the continent are experiencing the opposite trend, with wealthy residents moving abroad. For the first time in a decade, a European nation tops the global list for millionaire outflows, led by the UK.
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What this means for Americans The political and economic crossroads FAQs: The United States has just crossed a fiscal threshold many economists once thought was years away. As of August 12, 2025, Treasury data shows the gross national debt has reached— an all-time record and more than double the country's total economic output. What makes this moment more complex is that it comes during a period when federal revenues, especially from tariffs, are soaring under President Donald Trump's aggressive trade policies. Yet the deficit is still debt figure wasn't supposed to appear until after 2030, according to earlier Congressional Budget Office projections. Instead, a mix of pandemic-era borrowing, expanded social spending, and tax changes has pushed the timeline forward by at least five pace is startling: the U.S. is adding about, twice the average rate of the past quarter-century. 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Over the first ten months of fiscal 2025, the deficit has totaled, a 7% rise from the same period in reason is simple: spending growth is outpacing income. Social Security obligations, Medicare costs, and higher interest payments on the existing debt have more than offset tariff revenue gains. 'It's like getting a raise but increasing your lifestyle spending even faster,' one Treasury official before Congress approved President Donald Trump's sweeping tax and domestic spending package, the federal government was already barreling toward one of the largest deficits in modern history. The nonpartisan Congressional Budget Office (CBO) had projected that Washington would spendthis fiscal year — a shortfall now set to deepen Trump's so-calledsigned into law, the CBO warns the legislation will add nearlyover the next decade. The measure also raised the federal debt ceiling by $5 trillion to $41.1 trillion, but even that lifeline may prove short-lived. 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