As Billionaires Flee U.K., British Government Picks a Fight With Israel
Billionaire hedge fund founder Chris Rokos is leaving the U.K. for Greece. Rokos paid £330m in tax last year and ranks as the third-biggest taxpayer in the country. His departure adds to a growing wave of wealth leaving Britain as rival nations actively court financial titans. Millennium is also planning its first Greek outpost by opening an office in Greece following an investor charm offensive.
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- ✓ Billionaire Chris Rokos paid £330m in tax last year.
- ✓ Chris Rokos is the U.K.'s third-biggest taxpayer.
- ✓ Chris Rokos is leaving the U.K. to move to Greece.
- ✓ Millennium plans to open its first Greek outpost with a new office in Greece.
What changed
Hedge fund titan Chris Rokos officially joined the ranks of billionaires quitting the U.K. to move to Greece.
Live updates
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Billionaire Chris Rokos Quits U.K. for Greece
Billionaire hedge fund founder Chris Rokos is leaving the U.K. for Greece. Rokos paid £330m in tax last year and ranks as the third-biggest taxpayer in the country. His departure adds to a growing wave of wealth leaving Britain as rival nations actively court financial titans. Millennium is also planning its first Greek outpost by opening an office in Greece following an investor charm offensive.
Why it matters
The departure of major taxpayers like Chris Rokos highlights ongoing financial shifts as high-net-worth individuals exit Britain. Rival nations are successfully capturing this fleeing capital through targeted tax and investment policies. This movement threatens public revenues, with reports noting that individual billionaire exits can carry massive costs equivalent to the taxes paid by thousands of workers.
What is confirmed
- Billionaire Chris Rokos paid £330m in tax last year.
- Chris Rokos is the U.K.'s third-biggest taxpayer.
- Chris Rokos is leaving the U.K. to move to Greece.
- Millennium plans to open its first Greek outpost with a new office in Greece.
Still unconfirmed
- Britain's latest billionaire exit will cost the tax equivalent of 38,000 workers.
What to watch next
- Additional hedge funds or billionaires announcing relocations from the U.K. to Greece.
- Further details on Millennium opening its new office in Greece.
confidence 100%Sources used for this update (11)
- Bloomberg.com — Hedge Fund Titan Rokos Joins Ranks of Billionaires Quitting UK
- The Guardian — Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK
- BBC — UK's third-biggest taxpayer to leave for Greece
- Bloomberg.com — Watch Hedge Fund Founder Rokos Set To Leave UK
- Financial Times — How Greece is wooing hedge funds
- The Telegraph — Rival countries cash in on Britain’s war on wealth
- The Times — Britain’s latest billionaire exit to cost tax of 38,000 workers
- freebeacon.com — As Billionaires Flee U.K., British Government Picks a Fight With Israel
- Bloomberg.com — Millennium Joining Rokos With Plans for First Greek Outpost
- Financial Times — Millennium to open office in Greece after investor charm offensive
- freebeacon.com — Abdul El-Sayed and 'Guilt by Association'
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