More than 15,000 millionaires expected to leave Russia in 2022

Data suggests exits after invasion of Ukraine, and UAE to overtake US and UK as top destination for world’s wealthy

A luxury yacht in Dubai. The UAE is expected to attract the largest net inflows of millionaires globally in 2022. Picture: Karim Sahib/AFP/Getty Images

More than 15,000 millionaires are expected to flee Russia this year, as wealthy citizens turn their back on Vladimir Putin’s regime after the invasion of Ukraine, according to an analysis of migration data.

About 15% of Russians with more than $1m (€958,000) in ready assets are expected to have emigrated to other countries by the end of 2022, according to projects based on migration data by Henley & Partners, a London-based firm that acts as matchmaker between the super-rich and countries selling their citizenships.