Policy & Legal Updates
UK Billionaire Exodus Moves $160 Billion to the UAE, Switzerland, and Monaco
Billionaires who left or loosened ties with the United Kingdom over the past two years represent an estimated $160 billion in combined wealth, according to Fortune and Bloomberg calculations. The departures have been driven by UK tax changes, including the end of the non-domiciled regime and higher capital gains taxes. The United Arab Emirates, Monaco, and Switzerland have emerged as primary relocation destinations.
