Back to today’s briefing

Story perspectives

Philippines Attracts Millionaires Amid Strong Economic Growth

6/25/2025

34 7

Summary

Story summary

The Philippines is emerging as a magnet for high-net-worth individuals, fueled by robust GDP growth and favorable tax reforms, as reported by Henley & Partners. While a net outflow of millionaires is anticipated, the country is faring better than its regional counterparts. With 12,800 millionaires, the Philippines is clearly on an upward economic trajectory.

1 of 1

Story summary

The Philippines is emerging as a magnet for high-net-worth individuals, fueled by robust GDP growth and favorable tax reforms, as reported by Henley & Partners. While a net outflow of millionaires is anticipated, the country is faring better than its regional counterparts. With 12,800 millionaires, the Philippines is clearly on an upward economic trajectory.