Full Breakdown
Hedge-Fund Founder Chris Rokos Shifts Tax Residence to Greece Amid UK Wealth Exodus
9/8/2026, 12:26:14 AM
Core Event
Chris Rokos, founder of Rokos Capital Management, is relocating his personal tax residence from the United Kingdom to Greece and will open an office in Athens. The move follows Greece’s introduction of a flat annual tax of €100,000 on all overseas income for high-net-worth foreigners. Rokos’s firm manages roughly $22 billion in assets and he paid more than £300 million in UK tax last year, ranking third on the Sunday Times list of top taxpayers.
Background & Context
The United Kingdom abolished its long-standing non-dom regime in early 2024 and has since increased taxes on private-equity gains, inheritances, capital gains and high-value property. Labour’s 2024-25 fiscal agenda, led by Prime Minister Andy Burnham and Chancellor John Healey, has emphasized wealth creation while signaling further tax pressure on the affluent. Earlier departures by billionaire Guillaume Pousaz, investor Nassef Sawiris and others have been linked to these policy shifts.
Data & Statistics
- Rokos’s estimated net worth exceeds £2 billion.
- His 2023 UK tax bill was about £330 million, according to the Sunday Times Rich List.
- The 2024/25 tax year recorded £127 billion in capital-gains tax, an 82 percent rise from the prior year.
- Greece’s new regime offers a 15-year high-net-worth investor program with a 5 percent tax on carried interest for fund managers.
Official Statements & Responses
Prime Minister Andy Burnham has publicly urged wealth creators to remain in the UK. Labour cabinet minister Wes Streeting described a potential higher capital-gains levy as a “wealth tax that works.” Treasury officials declined comment on Rokos’s move, and a spokesperson for Rokos Capital Management also declined to comment.
Why It Matters
Rokos’s relocation underscores a broader “wealth exodus” that could deprive the UK Treasury of hundreds of millions of pounds in annual revenue. Greece’s competitive tax regime, coupled with similar programs in Italy, positions the Mediterranean as an emerging hub for high-net-worth investors, potentially reshaping the geographic distribution of global capital.
