Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK

Hedge fund tycoon Chris Rokos, who paid £330 million in taxes last year, is set to leave the UK amid concerns over rising taxes. Rokos, founder of Rokos Capital Management, plans to relocate his residency to Greece and establish an office in Athens. This decision follows other high-profile exits by billionaires, including Shravin Bharti Mittal, Nassef Sawiris, and Richard Gnodde, who have moved to Greece, Italy, and Milan, respectively.

Critics attribute the departures to the abolition of the non-dom regime, increased taxes on private equity investments, inheritance, and capital gains. Rokos, ranked third in the Sunday Times's annual list of top taxpayers, has a net worth of approximately $4 billion. He made a record £190 million donation to the University of Cambridge this year to fund the creation of the Rokos School of Government.

Greece offers a 15-year high-net worth investor regime, requiring individuals to invest at least €500,000 in real estate, businesses, or shares within three years of applying for tax status. Rokos' move comes as Chancellor John Healey aims to position Britain as a "country of wealth creation."