Full Breakdown
Hedge-Fund Founder Chris Rokos Shifts Tax Residence to Greece Amid UK Wealth-Tax Reforms
9/8/2026, 11:21:05 AM
Core Event
Chris Rokos, founder of Rokos Capital Management, plans to change his tax residence from the United Kingdom to Greece and open an office in Athens. People with knowledge of the arrangement, who asked to remain unnamed, confirmed the plan. A spokesperson for Rokos Capital Management declined to comment.
Background: UK Tax Policy Shifts
Since the 2024 abolition of the non-dom regime, the Labour government has introduced measures targeting high-net-worth individuals. The new four-year “Foreign Income and Gains” regime offers a 100 % exemption on overseas earnings, while other reforms have increased taxes on private-equity gains, inheritances and capital gains.
Data & Statistics
- Tax contribution: Rokos paid an estimated £330 million in UK tax for 2025-26, ranking third on the Sunday Times list of top taxpayers. GB News calculated this equals the combined tax bill of roughly 21,000 British households.
- Fund size: Rokos Capital Management manages about $22 billion in assets and reported a profit of £940 million, with Rokos’ personal remuneration reaching £477 million.
- Greek tax scheme: Greece’s 15-year high-net-worth investor regime allows qualifying individuals to pay a flat €100,000 annual tax on all foreign-source income, provided they invest at least €500,000 in Greek real estate, businesses or shares within three years.
Official Statements & Responses
- John Healey (Chancellor): In a speech on Monday, he emphasized the goal of “wealth creation” and pledged to ease business costs, while stopping short of promising tax cuts.
- Pat McFadden (Work and Pensions Secretary): “I don’t know the individuals, so I can’t comment on his individual decisions, but I believe the UK is a great place to live.”
Criticism & Opposition
Shadow Chancellor Griffith argues the Treasury’s wealth-tax strategy could drive “wealth creators” abroad, reducing job creation and increasing the tax burden on ordinary citizens. Conservative donor Alan Howard’s earlier move to Switzerland was cited as another example of high-net-worth individuals leaving under the current policy climate.
Conflicting Reports & Gaps
- Net worth: Bloomberg lists Rokos’s net worth at about $4 billion, while The Guardian reports roughly £2.96 billion and the Independent cites £2.6 billion.
- Fund assets: Bloomberg cites $22 billion under management; the Independent mentions “around $20 billion.”
- Tax-loss impact: Estimates of the future revenue loss to the UK Treasury vary, and official projections have not been released.
What’s Next
Chancellor John Healey is scheduled to deliver his first budget on October 28. The budget will test Labour’s wealth-tax agenda and may influence further relocations by high-net-worth investors.
