World War of the Rich: Who Gains in the Fiscal Exodus
Read
Lakshmi Mittal, a major steel magnate, has relocated to Switzerland from London after changes in the UK's tax policy. He is not alone, as many multimillionaires are leaving the UK due to tax reforms, with an estimated 16,500 millionaires leaving the country in 2025. In contrast, the United Arab Emirates (EAU) has become a popular destination, attracting 9,800 millionaires, and is now a leading refuge for wealthy individuals fleeing global tax chaos.
According to New World Wealth, 142,000 millionaires changed their country of residence in 2025, a significant increase from 64,000 in 2015.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
