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Topline One of the richest people in the United Kingdom, shipping billionaire John Fredriksen, is reportedly selling his 300-year-old Georgian manor in London a month after he declared “Britain has gone to Hell,” joining a mass exodus of super wealthy residents leaving the United Kingdom. Picture made on October 17, 2007 in Oslo of John Fredriksen. SCANPIX NORWAY/AFP via Getty Images Key Facts Fredriksen has reportedly fired more than a dozen domestic employees and is arranging for discreet viewings of the 30,000-square-food mansion known as The Old Rectory, cementing his departure from Britain. The Old Rectory in Chelsea is one of Britain’s most expensive houses at an estimated $337 million (£250 million) and includes 10 bedrooms, a ballroom and two acres of land—the third-largest private gardens in London. The move to sell the famous property comes one month after Fredriksen blamed the abolishment of non-domicile tax status (which previously allowed non-citizen residents to only pay British taxes on the money they earned in the country) for his decision to leave the U.K. He confirmed to E24, a Norwegian publication, that he was relocating to the United Arab Emirates and declared, “the entire western world is on its way down.” Fredriksen closed the London headquarters of Seatankers Management, one of his private shipping businesses, earlier this year. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Key Background Fredriksen is just the latest of the United Kingdom’s super wealthy residents to leave the country. Britain is losing millionaires and billionaires faster than any of the other wealthiest countries in the world, according to Henley & Partners, and 16,500 millionaires are expected to leave this year. The U.K. ranks…

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Filed under: News - @ July 21, 2025 8:28 pm