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CX Daily: The Great Wealth Migration: Why the Ultra-Rich Are Fleeing Britain

Published: Mar. 18, 2025 9:17 a.m. GMT+8

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Partygoers on a motor yacht leave the harbor during the Dubai International Boat Show on March 9, 2022.

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The Great Wealth Migration: Why the ultra-rich are fleeing Britain

Ann Kaplan Mulholland had an audacious plan. The 64-year-old Canadian businesswoman, worth an estimated £500 million ($646 million), had spent years living in Britain. She and her husband even bought a £5.5 million castle once occupied by Henry VIII, embracing a medieval lifestyle.

But when she learned about Britain’s sweeping new tax reforms, she hatched an unconventional idea — turn her castle into an independent country.

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