Billionaire at 27, Hopin CEO Boufarhat Becomes a Swiss Resident
- Johnny Boufarhat relocated to Switzerland before job cuts
- His virtual-events startup slashed 12% of staff in February
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One of the world’s youngest self-made billionaires shifted his official residency to Switzerland weeks before his virtual-events startup slashed its staff by 12%.
Johnny Boufarhat, the founder and chief executive officer of Hopin Ltd., has resided primarily in the European nation known for high living standards, banking services and favorable tax rates since the start of the year, according to a July 1 UK registry filing. In February, the closely held firm cut almost 140 employees in an effort to reduce costs after growing rapidly during the pandemic.