Israeli billionaire Lev Leviev is emigrating.
Leviev, the Uzbek-born diamond magnate and Orthodox philanthropist, is leaving Israel for London with his family, Ha’aretz and other media reported Thursday.
According to the reports, Leviev, 51, expects to find better tax terms and new business opportunities in Britain. But he will maintain a home in the Jewish state, where one of his daughters will continue running his international consortium, Africa-Israel.
Leviev’s personal fortune is said to be worth as much as $8 billion, making him Israel’s richest citizen.