UK billionaire declares ‘Britain has gone to hell,’...

UK billionaire declares ‘Britain has gone to hell,’ lists $337m London estate on sale and moves to Dubai

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Billionaire shipping magnate John Fredriksen has left the UK for the UAE, citing unfavourable tax reforms and economic decline. Following the abolition of Britain’s non-dom status, he’s selling his £250 million Chelsea mansion and relocating his business empire to Dubai. His move highlights a growing exodus of wealth from Britain to more tax-friendly hubs like the UAE.

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