Heir to $27 Billion Bharti Fortune Joins UK’s Wealth Exodus, Moves to UAE

London/Dubai, May 24, 2025 – Shravin Bharti Mittal, the only son of telecom magnate Sunil Bharti Mittal and heir to the $27 billion Bharti empire, has officially relocated from the United Kingdom to the United Arab Emirates. The move is part of a growing wave of wealthy individuals fleeing Britain’s increasingly stringent tax regime.

Shravin Mittal, who has held leadership roles across Bharti Enterprises and managed the family's international investment interests, had been a long-time resident of London. His decision to move to the UAE comes amid mounting frustration among high-net-worth individuals (HNIs) with the UK’s taxation reforms—particularly the dismantling of the non-domicile (non-dom) tax status and tighter scrutiny on offshore assets.

The Bharti scion's exit is being seen as a symbolic blow to London’s position as a preferred global hub for billionaire families and influential business leaders. It follows recent policy shifts by the UK government targeting tax avoidance, estate planning structures, and wealth concealment, aiming to close loopholes once enjoyed by global elites.

“Shravin's departure sends a strong message that the UK is no longer seen as a welcoming environment for wealth creators and legacy business families,” said a senior financial advisor based in Mayfair. “The exodus is real, and it’s accelerating.”

Mittal, who has also been active in venture capital through Bharti’s investment arm, is now reportedly setting up operations in Dubai, taking advantage of the UAE’s zero-income-tax policy, strategic connectivity, and pro-investor climate. With booming fintech, real estate, and capital markets, the UAE has emerged as a powerful alternative for the world’s mobile millionaires and billionaires.

Sources close to the family say the decision was also influenced by lifestyle considerations, global mobility, and a desire to be closer to emerging markets in Asia and the Middle East.

The Bharti Group, founded in 1976, is best known for its flagship venture Bharti Airtel, one of the largest telecom companies in the world. The family's estimated wealth of $27 billion includes diverse interests in telecom, real estate, retail, and international investments.

Shravin Bharti Mittal’s move is not an isolated case. A recent report by a leading wealth intelligence firm noted that over 3,000 millionaires are expected to leave the UK in 2025 alone—a significant uptick driven by rising tax burdens and declining policy certainty.

While neither Mittal nor Bharti Enterprises has issued an official comment on the relocation, industry insiders believe this could mark a pivotal moment in how global business families recalibrate their geographical strategies in response to regulatory shifts.

As London’s status as a wealth magnet continues to dim, cities like Dubai, Abu Dhabi, and Singapore are rapidly filling the void—reshaping global financial power maps in the process.