The UK is set to lose the most millionaires of any country by 2028, according to an analysis of global wealth trends by Swiss bank UBS, one of the world’s biggest wealth managers.
In a report published on Wednesday, it projected that the number of dollar millionaires in the country would fall 17 per cent from 3.062mn in 2023 to 2.542mn in 2028. The Netherlands was also forecast to lose 4 per cent of its millionaires by 2028.
The two countries bucked a worldwide trend in which the number of millionaires is set to rise in 52 out of 56 countries, UBS said.
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