Business & Finance

Billionaire Hedge Fund Manager Chris Rokos Reportedly Relocating from UK to Greece

By Today News Hours Editorial Desk

Hedge-fund billionaire Chris Rokos, one of Britain's highest-paying taxpayers, is reportedly leaving the UK to relocate to Greece, according to information understood by the BBC. Rokos is said to be planning to open an office in Athens, drawn by Greece's favorable tax policies for wealthy foreign residents with overseas income.

Rokos ranked third on The Sunday Times list of Britain's leading taxpayers, having contributed £330m in tax last year. Earlier this year, in March, he pledged to donate £190m to Cambridge University. Representatives for Rokos declined to comment on the reported move.

A UK government spokesperson responded by emphasizing the country's continued appeal to investors and skilled professionals, stating that the chancellor has prioritized wealth creation and that Britain offers "a competitive and stable tax system, deep capital markets, world-class universities and a highly skilled workforce."

The specific reasons behind Rokos's decision have not been confirmed publicly, though the move was first reported by Bloomberg. Greece's tax framework is known to attract high-net-worth individuals, offering qualifying foreign residents a flat annual tax rate of €100,000 (approximately £86,000) on income earned outside the country.

Dan Neidle, founder of the Tax Policy Associates think tank, discussed the potential impact on BBC's Today programme, noting that the £330m in tax revenue at stake represents a significant sum—enough, he said, to fund 4,500 teachers, and more than some entire tax categories generate. Neidle suggested that Rokos might pay minimal tax in Greece by comparison, saying the UK