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‘UK’s gone to hell’: Billionaire puts $500 million London mansion up for sale

GREATER LONDON, ENGLAND, JUL 20 – John Fredriksen joins a wave of wealthy individuals leaving the UK after tax reforms abolished non-dom status; 16,500 millionaires are expected to exit in 2025, Henley & Partners reports.

Summary by Forbes
Shipping billionaire John Fredriksen is reportedly preparing to sell his famous $337 million home, known as The Old Rectory, in Chelsea.

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The Telegraph broke the news in London, United Kingdom on Sunday, July 20, 2025.
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