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Fortune
Fortune
Emma Burleigh

Billionaires have left the U.K. and taken $160 billion to the likes of Monaco, Switzerland, and the UAE—that's more than those who stayed are worth

Rich people getting off of private jet (Credit: AzmanL / Getty Images)

Britain’s ultra-rich are increasingly voting with their feet as a wave of tax changes has left many reconsidering their U.K. residency.

It’s estimated that billionaire U.K. residents who have loosened their ties to the country in the past two years—or up and left completely—took around $160 billion with them collectively, according to a recent analysis from Bloomberg. It’s an eye-watering fortune that even surpasses the combined wealth of billionaires who have chosen to stick with their U.K. postcodes.

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