Economy

Revolut founder Nikolay Storonsky moves from London to UAE

"Breaking: Revolut founder Nikolay Storonsky relocates from London to the UAE, joining a trend of wealthy entrepreneurs seeking favorable business conditions. Discover the implications."

BY: 5 min read
Revolut founder Nikolay Storonsky moves from London to UAE
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Revolut’s founder, Nikolay Storonsky, has relocated from London to the United Arab Emirates. Storonsky, a billionaire and the son of a senior Gazprom executive, has overseen the growth of Revolut, which is valued at $75 billion. The fintech company is recognized as Europe’s most valuable fintech and is noted for its similarities to Moscow"s T-Bank.

This move comes amid a broader trend of wealthy individuals and entrepreneurs relocating to the UAE for various reasons, including favorable business conditions and lifestyle choices.

For more on recent developments in the political landscape, see related coverage.