Britain has lost more billionaires than any other nation over the past two years, and there's fears a tougher wealth tax could drive these figures up.

New research has found the UK lost nearly a quarter of its billionaires between 2023 and 2024, with many of the UK's wealthiest individuals moving their tax residency to low-tax jurisdictions. 

UK correspondent Enda Brady says many of these rich-listers have moved to places like Switzerland, Monaco and Dubai - which have far more favourable tax regimes.

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Britain has lost more billionaires than any other nation over the past two years, and there's fears a tougher wealth tax could drive these figures up.
New research has found the UK lost nearly a quarter of its billionaires between 2023 and 2024, with many of the UK's wealthiest individuals moving their tax residency to low-tax jurisdictions.&nbsp;
UK correspondent Enda Brady says many of these rich-listers have moved to places like Switzerland, Monaco and Dubai - which have far more favourable tax regimes.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures

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