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Billionaire Exodus Continues as Newcastle Shareholder Moves to Monaco

Summary by dailymail.com
David Reuben, who is also overseeing £1billion in restorations to London's landmarks, moved to Monaco this summer where there is no tax on income, capital gains or inheritance.

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British businessman David Ruben moved from the UK to Monaco in the summer. This was confirmed to The Times by a representative of the 88-year-old billionaire, who did not give further details about the decision. The move puts Ruben among the richest people to change their residence since the reform of the British tax system. Monaco is known for its regime, under which individuals, except for French citizens, do not pay tax on income, capital gai…

Another British billionaire is turning his back on the country and moving his tax residence to a country with a far more favorable regime for the rich. 88-year-old property tycoon David Ruben, whose fortune is estimated at around 27.9 billion pounds, has moved to Monaco. He is now part of a growing group of ultra-rich businessmen who are leaving the UK amid tax changes. Before him, steel magnate Lakshmi Mittal and hedge fund billionaire Chris Ro…

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news-pravda.com broke the news on Saturday, October 3, 2026.
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