wealthwire.com / By Adam English / Wednesday, January 23rd, 2013
In what will undoubtedly be seen as another indication of how draconian France’s top income tax rate is, former French President Nicolas Sarkozy is gearing up to flee across the English Channel.
Details of the planned move were uncovered during a police raid on Sarkozy’s Paris mansion in June. An early blueprint of a house that would be built in London’s affluent South Kensington district were discovered in computer files.
Sarkozy is apparently planning to create a new private equity fund that would raise 1 billion euros with the help of French entrepreneur and political advisor Alain Minc as well. Sarkozy has recently met with a number of prominent figures in finance worldwide.