is leaving Britain due to the Labour government’s abolition of non-dom tax status. He’s putting his £250 million (₹2,911.5 crore) Chelsea estate, The Old Rectory, up for sale. Fredriksen is relocating his business operations and residence to Dubai, UAE. His departure follows the closure of his London firm Seatankers and reflects rising billionaire exits triggered by UK tax reforms. A £13.7 Billion Departure: Why John Fredriksen Left London BehindThe Old Rectory,E24“Britain has gone to hell, like Norway,” he said.

Source: The Times July 22, 2025 22:02 UTC