Revolut’s co-founder Nik Storonsky has left the United Kingdom and will now shift to the United Arab Emirates (UAE). The digital banking app’s co-founder has become the latest billionaire to leave the country as there have been changes in its tax regulations, according to corporate filings reported by Forbes.

Who is Nik Storonsky?

41-year-old Nikolay “Nik” Storonsky was born in Russia and is one of the UK’s richest men. Forbes also estimated his stake in Revolut, cofounded in 2015, to be worth over USD 7.9 billion. Storonsky is still the CEO of Revolut and its largest shareholder. He is one of the many super-wealthy individuals leaving the UK, as it has become a pattern due to the government’s decision early this year to end the lucrative tax break.

Why are billionaires leaving the UK?

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