In 2025, over 142,000 millionaires are expected to relocate globally, with Italy attracting around 3,600. The appeal lies in its 'CR7 rule' tax regime, which offers significant tax benefits for non-domiciled residents. Milan is emerging as a financial hub due to its favorable tax conditions and quality of life. Italy's financial wealth is substantial, with projections for growth. While the influx of millionaires is seen as beneficial for the economy, concerns about tax competition and real estate inflation persist. Other cities like Dubai are also popular among millionaires, while London has seen a decline due to high taxes.