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Efforts to attract billionaires stepped up

Fri, 11 Jul 2014

The new Ballamona estate - credit www.ballamona.com
The new Ballamona estate - credit www.ballamona.com

Are we about to see large numbers of the super rich relocate to the Isle of Man?

A new drive by the Department of Economic Development will see efforts stepped up in a bid to attract billionaires here from around the world.

Work is underway on developing the exclusive Ballamona Estate - a £30 million development that will boast a private beach, golf course and wine cellar.

Head of retail financial services Simon Pickering says it's not just the low tax attracting the high wealth individuals:

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  • Simon Pickering

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