The UAE attracts a new billionaire that runs a family wealth of $ 27 billion

Sherfin Bahriti Mittal, the heir of one of the richest families in India and the world, whose wealth is estimated at $ 27.2 billion, and the largest contribution to the British Giant Communications Group “BT Group”, from the United Kingdom to the UAE, in light of the tax increases on the wealthy residing in Britain.

According to the 37 -year -old Bloomberg, the UAE, the UAE as his residence after he had previously included the United Kingdom, according to official registration documents for a branch of the “Bahariti” group that bears the name of his family, which has 24.5% of one of the largest mobile telecommunications and broadcasting company in Britain.

Metal last month established a branch in Abu Dhabi for an investment company that he founded in London.

This step shows the new trend of some young billionaires of the world’s millennial generation and their right to their larger billionaire counterparts to leave the United Kingdom after they made comprehensive tax adjustments targeting the wealthy people who are not residing in them, who live in the United Kingdom but originally from non -British origin.

A study this month issued by the Economy and Business Research Center said that these changes will eventually cost the United Kingdom money if a quarter of its non -resident people, which numbered about 74,000 people, leave.

Among the other individuals who will leave the United Kingdom to the Middle East is the richest person in Egypt, Nassef Sawiris, who will move to Abu Dhabi as well as Italy.

Metal began his career in London more than a decade ago, where he worked as a banking analyst at JP Morgan after he studied accounting and financial at Bath University. Then he moved to work in a private investment company in London, before he held the position of General Manager in the investment arm of the New Delhi -based Bharati Enterprise Group, which was founded by his father Sunil, and has several investments that include the fields of money, real estate and hospitality.

Recently, the UAE has become a favorite destination for many British, not only the wealthy, and in this context it is worth noting that it resides in the Emirate of Dubai about 180 thousand British, and the President of the British Chamber of Commerce in Dubai, Katie Holmes, says that she “feels comfortable that there are more than 180,000 Britons living in Dubai”, at a time when Oxford Economics believes that the number may reach 250 thousand Southampton’s population is equivalent to 6.7% of the population in 2022.

Some polls indicate that the UAE is now the third most popular destination for people who leave the United Kingdom, and in the past two years, the perfume maker Joe Malon, the boxer Amir Khan, the famous fitness coach Bradley Simmonds has moved to Dubai, and there are several branches of Dubai for each of the world famous supermarkets «Witros) and“ Mark & ​​Spencer ”.

Also, the UAE does not impose an income tax, at a time when the average salaries in the UAE are twice or three times the case in the United Kingdom.

Many British money flows to Dubai, and Daniela von Rotz, who runs an upscale real estate agency, says that the British have now become the first nationality for those dealing with it, or perhaps the second after the Indians, and two years ago, the British were not present in the lists of this company, and its company helps billionaires in obtaining passports and accommodation in countries around the world.

Away from the money, the side that the British constantly desires is safety, as simple crimes are rarely occurring, and it seems that every immigrant has a story about the time he forgot his phone in a cafe at a shopping center and returned after 20 minutes to find him in the same place, or how he leaves his apartment often open, or how his children go happy with the street to play their rings with friends. On the British “Sunday Times”