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International Business Times UK
International Business Times UK
Giuliano de Leon

John Fredriksen Leaves London for UAE: What to Know About the Billionaire Shipping Tycoon

John Fredriksen United Kingdom London UAE Jeremy Hunt
John Fredriksen (Credit: Michaele Stevsky/Flickr)

British shipping magnate John Fredriksen has confirmed he is leaving the United Kingdom and relocating to the United Arab Emirates. The billionaire revealed his decision in an interview with E24, a Norwegian online business publication.

But who exactly is John Fredriksen? And why is his departure significant to the UK? Here's what you need to know.

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