Abu Dhabi World's Newest Tax Haven for Billionaires

Many of the world’s billionaires are choosing state-of-the-art emirate Abu Dhabi as their wealth haven of choice, including hedge fund magnate Ray Dalio, Russian steel tycoon Vladimir Lisin and cryptocurrency king Changpeng “CZ” Zhao, Bloomberg reports. More than 5,000 holding companies, or special purpose vehicles (SPVs), which junk bond baron…