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50 Filipino millionaires leaving
Manila Bulletin
|June 25, 2025
The Philippines must reform its tax regime and investor visa to make it more attractive to wealthy individuals following the projected departure of 50 millionaires this year, according to a multinational investment migration firm.
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Based on the 2025 Henley Private Wealth Migration Report by Henley & Partners, the Philippines currently has 12,800 millionaires, 70 centi-millionaires (those with P100 million and above), and 12 billionaires.
Henley & Partners Managing Director Scott Moore said this signifies that the country’s economy is on an upward trajectory, with a 32-percent increase in its population of high-net-worth individuals (HNWIs) in the past decade.
This story is from the June 25, 2025 edition of Manila Bulletin.
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