Revolut Founder Nik Storonsky Joins UK Billionaire Exodus to UAE Amid Tax Policy Changes

Oct 13, 2025 04:02 pm CST

Revolut co-founder Nik Storonsky has officially relocated from the UK to the UAE, becoming the latest ultra-wealthy entrepreneur to leave Britain following tax policy reforms. This growing exodus of billionaires is driven by the Labour government's abolition of the non-domicile tax regime, increased capital gains taxes, and post-Brexit uncertainty. While Storonsky maintains property in the UK, his move coincides with Revolut's expansion in the Gulf region as the fintech giant valued at $75 billion continues to face regulatory hurdles in Britain.