UK billionaire declares ‘Britain has gone to hell,’ lists $337m London estate on sale and moves to Dubai

Billionaire shipping magnate John Fredriksen has left the UK for the UAE, citing unfavourable tax reforms and economic decline. Following the abolition of Britain’s non-dom status, he’s selling his £250 million Chelsea mansion and relocating his business empire to Dubai. His move highlights a growing exodus of wealth from Britain to more tax-friendly hubs like the UAE.