The ArcelorMittal founder, worth $20.17bn, makes the decision because of UK’s inheritance tax, levied at up to 40%; No inheritance tax in Dubai
wealthy individuals
Latest in wealthy individuals
Abu Dhabi
Dubai and Abu Dhabi in world’s top five wealth destinations: Report
Savills’ first global wealth report places both UAE cities among leading hubs for HNWIs, with Dubai topping the global ranking
Dubai
REVEALED: UK millionaire exodus to Dubai accelerates – report
Uk stands threatened as it’s elite population depart amid unfavorable tax conditions, making countries including UAE and Greece their new homes
Abu Dhabi
UK to ‘feel the loss’ as high-profile entertainers, athletes flock to UAE amid Britain’s unfavourable tax conditions
Those who stay back in the UK are going to be “sadder, poorer and less aspirational,” a leading UK-US tax strategist warned
High Net Worth Individuals
Britain’s millionaires plot exit as Labour tax plans rattle the rich
16,500 millionaires are expected to leave the UK this year – the first time in a decade a European country tops global outflows
billionaires
The new faces of wealth: Gen Z millionaires and billionaires reshape global rich list
Globally, teenagers and young adults are increasingly accumulating seven, eight, and even nine-figure fortunes through a combination of inheritance, entrepreneurship, and digital innovation
High Net Worth Individuals
UK sees 40% surge in tax contributions from wealthy amid rising high-net-worth exodus
The findings come amid a growing trend of high-net-worth individuals (HNWIs) exiting the country
centi-millionaire
Dubai emerges as premier destination for global millionaire migration: Report
Dubai has secured its position through a combination of factors whilst legacy cities struggle
Air travellers
Dubai leads Middle East private jet demand, says X-1 Jets CEO
Gulf travelers can fly private between Mykonos and Ibiza this summer for just over AED20,000 an hour, X-1 Jets CEO says as demand from Dubai leads regional growth
billionaires
Dubai is now home to over 81,000 millionaires
The global population of the ultra-wealthy is set to double by 2035, Henley & partners’ new report finds
Billionaire
Billionaires lose $208bn in a single day as Trump tariffs rock global markets
While the world’s 500 richest saw fortunes plummet, Middle Eastern tycoons were the only group to post gains amid the market turmoil sparked by Trump’s tariffs
High Net Worth Individuals
Luxury travel for the ultra-wealthy: Inside the Dubai company that curates expeditions for the rich
The Dubai-based company has been serving clients with a net worth of over $50 million, including several celebrities, legacy families, and entrepreneurs, for over 16 years
Four Seasons
Revealed: The island location four hours from Dubai where the rich carry out secret business deals, meetings
With two locations in Seychelles, the Four Seasons offers exclusivity, ultra-luxury properties and world-class amenities in response to demand from high-net-worth individuals
amnesty fines
Dubai real estate supply; Exclusive Salt Bae interview; Sheikh Hamdan announces well-being resort; UAE deportations; Kuwait announces holiday – 10 things you missed this week
Dubai real estate analysis, new well-being resort announced, Brits flock to the UAE, Kuwait announces holiday and more top news stories this week
High Net Worth Individuals
Middle-class Britons join wealth exodus to UAE amid UK economic uncertainty
The migration wave comes as Britain grapples with multiple challenges, including the planned abolition of non-dom tax status and broader economic uncertainty
Abu Dhabi
Side hustles in Dubai; UAE petrol prices; Saudi job localisation; Habtoor cancels Lebanon investments – 10 things you missed this week
UAE petrol prices, Dubai real estate analysis, Saudi job updates, how to get a side hustle and more top stories this week
High Net Worth Individuals
UK millionaires head for Dubai, Abu Dhabi despite attempts to slow exodus, experts say
Experts also called for a complete reversal of the planned amendments to the non-dom tax rules to make it easier for wealthy individuals to relocate to the UK, particularly in light of the Trump presidency
