Terry Smith Builds $1 Billion Fortune With Riches Outside UK
In 2022, the money manager shifted most of his stake in Fundsmith to the Seychelles
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He’s been dubbed Britain’s Warren Buffett, an old-fashioned and hugely popular stock picker who tells people to invest in companies they understand. But when it comes to understanding Terry Smith’s own business, it’s far from simple.
As his firm Fundsmith shot to fame over the past decade with stellar returns, Smith has moved more of his interests away from Britain through a series of legal entities in tax havens in the Indian Ocean.