Britain's second richest person David Reuben moves to Monaco
Summarised from 2 outlets · Updated 4 Oct, 10:07 · Archive
David Reuben, Britain's second richest person, has relocated to Monaco where he will avoid income, capital gains and inheritance tax.
David Reuben, identified as Britain's second richest person, has relocated to Monaco, where billionaires can avoid paying income tax, inheritance tax and capital gains tax. He is a shareholder in Newcastle United and is overseeing £1 billion in restorations to London's landmarks.
Reuben moved to Monaco this summer and is joining his brother Simon in the principality, according to The Sunday Times. Monaco offers significant tax advantages that have attracted wealthy individuals from Britain.
How it is being reported
- Britain’s second richest person leaves for Monaco amid tax biteCity AM · 4 Oct, 09:49
- Britain's billionaire exodus continues as property tycoon and Newcastle United shareholder moves to MonacoDaily Mail · 4 Oct, 01:02
In this story: David Reuben · Simon Reuben · Monaco · Newcastle United · Saudi Arabia's Public Investment Fund
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
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