🕒 Created

Billionaire hedge fund manager Chris Rokos is relocating to Greece to benefit from a flat tax scheme.

Billionaire macro hedge fund manager Chris Rokos is moving from the United Kingdom to Greece. The move is motivated by a 15-year high net worth investor scheme in Greece that allows for a flat €100k tax on all income earned outside the country for the next 15 years.

Show the rest of this summary

Chris Rokos owns a $22bn macro hedge fund, Rokos Capital Management, which employs 248 people in the UK with an average salary of $505k. It is currently unclear if his five children or the 248 employees will relocate with him. If the employees move, approximately $136m of tax could be lost to the UK. Additionally, the 22 partners of the firm, who each earn £21m, may also move. Chris Rokos has a history of contributing to UK education and heritage. He established a new state school scholarship for students who cannot attend Eton, and he provided £190m to Cambridge University. He also owns several historic UK properties, including a 100-room mansion in Wiltshire and a 17th-century house in Greenwich.

Sources

Paywall and unreadable sources