Billionaire hedge fund founder Chris Rokos joins wealth exodus from UK

Hedge fund billionaire Chris Rokos has become the latest wealthy individual to leave the UK, relocating his residency to Greece. Rokos, founder of Rokos Capital Management, will open an office in Athens as part of the move. His company, based in London, employs over 370 people and has offices in Abu Dhabi, New York, and Singapore.

Rokos, educated at Oxford and Eton, has a net worth of approximately £3 billion and manages a £15 billion fund. In 2025, he paid £330 million in taxes, placing him among the top taxpayers in the UK. Rokos donated £190 million to the University of Cambridge to establish a school of government. His departure follows other high-profile billionaires, including steel magnate Lakshmi Mittal and Egypt's second-richest man Nassef Sawiris, leaving the UK due to anticipated tax increases.

The UK government has implemented significant tax hikes on various financial products and services, including private equity investments and inheritance taxes. In 2024, the UK scrapped its non-domiciled status regime, leading to predictions of a wave of departures. The country's new Foreign Income and Gains regime offers 100% relief from UK tax on overseas earnings, amid concerns about the financial stability of the UK government.

Labour leader Jeremy Corbyn faces pressure to increase taxes on the wealthy to address the country's financial challenges.