HEDGE FUND BILLIONAIRE CHRIS ROKOS LEAVES UK FOR GREECE

Chris Rokos, founder of Rokos Capital Management, has left the United Kingdom for Athens. Rokos paid more than £300m in tax during the previous year and ranked third among individual UK taxpayers, according to the Sunday Times Rich List. His departure follows Greece's introduction of a flat annual tax of approximately 100,000 euros (around £86,000) on all overseas income for wealthy foreign residents. Based on his last recorded UK tax bill, the Exchequer could lose approximately £330m annually from his relocation.

Rokos holds an estimated net worth exceeding £2bn and is educated at Eton and Oxford. His departure marks the latest in a series of relocations by wealthy investors from the UK. Goldman Sachs vice president Richard Gnodde left the country in 2025; other departures include Aston Villa co-owner Nassef Sawiris, Checkout.com founder Guillaume Pousaz and steel tycoon Lakshmi Mittal. The Labour government, in power since 2024, has implemented several tax policy changes: ending the non-dom regime, scrapping VAT exemptions on private schools, increasing capital gains tax rates and announcing a new levy on mansions.

Top City investors have criticised the government's approach to taxation of wealthy individuals, citing tax rises as a driver of wealth exodus. The departures of high-net-worth individuals represent a continuation of concerns raised by financial sector figures regarding the government's fiscal stance towards the wealthy.