Portelli warns of mass exodus after Dubai relocation

9 hours ago 4

Adrian Portelli has launched a fresh spray at Australia, declaring he’s fled to Dubai because he no longer trusts the government and warning the country is driving out its next generation of young entrepreneurs.In an explosive podcast interview with Karl Stefanovic, the billionaire businessman said Australia was “chasing away success”, claiming tax changes, red tape and scrutiny from regulators had pushed him to move his family to the United Arab Emirates.Adrian Portelli built his fortune in Australia, but says the country that made him a billionaire has become the very place that’s driven him – and 130,000 other Aussies – to Dubai.MORE NEWS‘Control’: Portelli suddenly quits Aus for goodCruise ship retirement dream hits Centrelink pension reality‘Disgraceful’: Families told to surrender backyards“I don’t trust the government. They’ve really come down on me,” Portelli said on The Karl Stefanovic Show.“Like, I think once you start making a bit of noise ... you’ll find the system cracks down and they don’t like it.“I’ve had regulatory issues to ATO issues, and I just can’t handle it. I’m just like, I just don’t feel comfortable having all my eggs in one basket in Australia.“They froze...

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