Thor Björgólfsson, described as Iceland’s first billionaire, is reported to have changed his tax residency over the past year and moved his investment firm’s operations. According to the accounts provided, he has left Britain for Italy. The reports also say he warned about a potential “exodus” of millionaires, though specific details of the warning are not included in the provided summaries. In addition, the outlets state that his firm, Novator, has shifted from London to Zurich. The information presented focuses on cross-border moves related to tax residency and company location, rather than on any court cases, policy changes, or financial outcomes. The reports do not specify the legal or tax arrangements involved, nor do they describe the scale or timing beyond the general timeframe of “over the last year.” Overall, the coverage centers on Björgólfsson’s relocation and corporate restructuring between financial hubs.