Billionaire hedge fund founder Chris Rokos leaves UK for Greece amid tax rise fears
Billionaire hedge fund manager Chris Rokos, founder of Rokos Capital Management, is reportedly relocating from the UK to Greece amid concerns over possible tax increases in the upcoming autumn Budget. He would be the first major high-net-worth individual to leave the country since chancellor John Healey began preparing his spending plans, and his departure adds to growing unease among Britain's wealthiest residents over Labour's tax policies, including the closure of non-dom loopholes and higher stamp duty for non-UK residents.
Rokos, who founded his London-based hedge fund in 2015, has an estimated net worth of £2.6 billion and was ranked third on the Sunday Times Tax List 2026 after paying £330 million to the Treasury last year. His firm now manages around $20 billion in assets globally. Greece has attracted wealthy foreigners since 2019 with a flat €100,000 annual tax on global income, provided they invest at least €500,000 in Greek assets, while Italy offers similar incentives. Shadow chancellor Andrew Griffith criticised the departure as a loss for Britain, while work and pensions secretary Pat McFadden defended the UK as a strong place to do business; chancellor Healey has declined to rule out further tax rises ahead of the Budget.
- Hedge fund billionaire Chris Rokos reportedly moves from UK to Greece.
- Move follows fears over tax rises in autumn Budget.
- Greece and Italy offer flat-tax incentives to attract wealthy foreigners.