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Topic

Wealth Migration

Relocation of wealthy individuals and the firms they control across borders or regions, driven by tax, cost-of-living, or lifestyle factors.

Current stories

leadershipOne report1 publisher

David Reuben, said to have fled a UK wealth tax, has been tax resident in Monaco since at least 2014

TaxWatch found David Reuben, said to have quit the UK over a possible wealth tax, has been tax resident in Monaco since at least 2014. Aggregate figures still show wealth leaving, so budget planning should rest on those numbers and on filed records.

Publishers:theguardian.com

Reality

Evidence70
Adoption
Not scored
Hype gap+15
Incentives65
Confidence62
investConfirmed3 publishers

Britain's billionaire exodus bunched up in the weeks before non-dom status ended

Billionaires worth about $160 billion have left Britain or cut their ties in two years, by Bloomberg's count, more than those still in its index hold. The figure is net worth, not cash sent abroad, so the tax effect it can show is on who lives where and when they left.

Perspective Coverage

3 publishers
Builder
Builder 15%
Operator
Operator 27%
Investor
Investor 58%

Reality

Evidence50
Adoption
Not scored
Hype gap+30
Incentives40
Confidence55
leadershipOne report1 publisher

UK billionaires worth $160bn have left or loosened ties since Labour's wealth measures

UK billionaires worth $160bn, over half the country's billionaire wealth, have left or loosened ties since 2024, a Bloomberg index analysis finds. The figure counts net worth, so what Britain loses in tax receipts and investment still has to be estimated leaver by leaver.

Publishers:cityam.com

Reality

Evidence35
Adoption
Not scored
Hype gap+35
Incentives60
Confidence40
leadershipOne report1 publisher

David Reuben's move to Monaco revives the argument over how many UK billionaires are leaving

David Reuben, worth nearly £28bn with his brother Simon, has left the UK for Monaco. By one count, billionaires worth £121bn have left or loosened UK ties since 2024, though for UK firms the open question is whether their capital follows them.

Publishers:theguardian.com

Reality

Evidence45
Adoption
Not scored
Hype gap+20
Incentives60
Confidence40
investOne report1 publisher

Rivani asks $175 a foot for a Miami Beach building he bought at $383

Fortune reports that 19 of Florida's 20 richest billionaires live in Miami-Dade County. The bootstrapped Miami Beach office project chasing that money asks rents worth 28.5% of its stated $100 million cost every year.

Publishers:fortune.com

Reality

Evidence36
Adoption52
Hype gap+33
Incentives80
Confidence57