Reuben’s Monaco Tax Residency Dates to 2014

Reports that billionaire David Reuben recently left Britain for Monaco amid tax changes are misleading: public records show he has been resident there since at least 2014, and he told a Los Angeles court in 2024 that he had lived there for about a decade. A spokesperson confirmed his Monaco residency, though Reuben’s reasons for leaving his London home were not stated; his brother Simon has lived in Monaco for about 40 years. The reports arose amid debate over Britain’s abolition of non-dom status and new rules that can expose long-term residents’ worldwide assets to inheritance tax, but Reuben’s established residency predates those changes. The episode is being discussed alongside California’s proposed one-time tax on billionaires, which has prompted some wealthy residents to relocate and would require the state to determine residency, value assets and collect the levy if approved.