Fredriksen, the Norwegian-born shipping magnate and the UK’s ninth-richest individual, has recently relocated significant business operations from London to the UAE. He cited the UK government’s decision to scrap its long-standing “non-dom” tax regime as the primary reason for his move.
With a fortune exceeding $10 billion, Fredriksen built one of the world’s largest oil tanker empires. His shift to the UAE marks a symbolic moment in the broader outflow of global wealth from Britain.
