U.K.'s Richest Man Has Billions of Reasons to Move to Monaco
- Tycoon Jim Ratcliffe said weighing move to Riviera city-state
- He’d join race driver Hamilton, cyclist Froome in tax haven
Photographer: AFP via Getty Images
Monaco’s decision to scrap income taxes dates back to the time of the American Civil War.
The move has since helped draw scores of wealthy individuals to the city-state on the French Riviera, and Monaco may now be about to bag the U.K.’s richest person as a foreign resident, according to a British newspaper.