One of the richest people in the United Kingdom, shipping billionaire John Fredriksen, is reportedly selling his 300-year-old Georgian manor in London a month after he declared “Britain has gone to Hell,” joining a mass exodus of super wealthy residents leaving the United Kingdom.

The move to sell the famous property comes one month after Fredriksen blamed the abolishment of non-domicile tax status (which previously allowed non-citizen residents to only pay British taxes on the money they earned in the country) for his decision to leave the U.K.

He confirmed to E24, a Norwegian publication, that he was relocating to the United Arab Emirates and declared, “the entire western world is on its way down."

Fredriksen closed the London headquarters of Seatankers Management, one of his private shipping businesses, earlier this year.

Key Background
Fredriksen is just the latest of the United Kingdom’s super wealthy residents to leave the country. Britain is losing millionaires and billionaires faster than any of the other wealthiest countries in the world, according to Henley & Partners, and 16,500 millionaires are expected to leave this year. The U.K. ranks fifth in the world in terms of its high-net-worth ($1 million and above) individual population, but is the only one of the world's 10 richest countries to have negative millionaire growth over the past decade. Tax reforms—including a hike in inheritance tax, 15% value-added tax on private school fees and shifts in the residence-based tax system—have all made the U.K. increasingly unattractive to high-net-worth investors, Henley reports. Others to have recently left Britain include billionaires Christian Angermayer and Nassef Sawiris, who owns Aston Villa.

Surprising Fact
Montenegro has seen the highest millionaire growth by percentile than any other country in the last decade. Its millionaire population has ballooned by 124%. The United Arab Emirates is in second place (98%), followed by Malta (87%), the U.S. (87%) and China (74%).

https://www.forbes.com/sites/maryroeloffs/2025/07/21/britain-has-gone-to-hell-billionaire-reportedly-listing-337-million-home-in-london-as-wealth-exodus-swells/

by coinfanking

17 comments

  2. Good! Fuck off! Don’t come back! I’ll help you pack. Where do you keep your collection of small violins?

  3. So… he’s fucking off because he’s being made to contribute to the country he lives in. Fuck off then, this is no loss to us.

  4. The tax he pays is very low.

    On top of this, his assets aren’t leaving the country. His assets are purely real estate. They will be rightfully taxed once sold.

    Labour needs to raise the tax for people like him (among a shit ton of other things they aren’t will to do), but this is simply a headline with no real economic impact

  7. It’s going to hell because of greedy garbage like him sucking the working people dry.

  8. Oh, poor little lamb!

    He’s having to pay the same tax as the rest of us.

    No great loss. Don’t let the door hit you on the way out mate.

  9. Good! Don’t let the door hit your arse on the way out.

  12. The UK should tax income abroad like the US.

    If you want to keep that UK passport, you have to pay.

  13. I have this dream where all the billionaires sequester themselves into a few locations where they are all celebrated and given everything they want… and they leave the rest of us the F alone.

  14. I hate people like this they bitch and take away from the poor fuck them all.

  15. Something tells me he’s not going to actually live in UAE year long. He’s probably using some kind of tax loophole.

  16. Off you go. London, Dubai – hardly any difference. lol.

Comments are closed.