Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK
Summary
Billionaire hedge fund manager Chris Rokos plans to leave the UK and move to Greece, where he will open a new office. He is among several wealthy individuals leaving the UK due to recent tax changes affecting foreign income, capital gains, and inheritance.Key Facts
- Chris Rokos founded Rokos Capital Management in 2015 and is worth about $4 billion.
- He paid around £330 million in UK taxes in 2025, ranking third in the Sunday Times list of top taxpayers.
- Rokos plans to move to Greece, which offers a tax deal for wealthy investors involving a flat tax of €100,000 per year if they invest €500,000 within three years.
- Rokos has donated £190 million to the University of Cambridge to create the Rokos School of Government.
- Recent UK tax changes include taxing foreign income and gains after four years and taxing global assets for inheritance after 10 years for non-domiciled residents.
- Other billionaires like Shravin Bharti Mittal, Nassef Sawiris, and Richard Gnodde have also left the UK for countries like Italy, the UAE, and Abu Dhabi.
- Official data show a small decline (0.5%) in non-domiciled residents in the UK in the latest tax year.
- Countries like Italy also offer low flat taxes to attract wealthy foreigners.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
