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Lakshmi Mittal:


UK NRI Mittal steel tycoon buys third major property for £70 million in London

London, June 24, 2008
Sant Parkash Singh

NRI Lakshmi Mittal, 58, President and CEO of the world's largest steel company Arcelor-Mittal, has bought third major property for £70 million in Kensington Palace Gardens, near the last home of Diana, Princess of Wales.

This property was the former Philippines Embassy and the most expensive street in London. According to the local media, this house is expected to be modernised for his daughter Vanisha Bhatia. In June 2004, Mittal spent £30 million on Vanisha’s wedding to Amit Bhatia. Wedding extravaganza took six-day long, which saw over 1000 guests, including leading Indian industrialists and Bollywood stars at the Grand Intercontinental in Paris.

Last month he bought a second house of £117million for his son Aditya,32, on the street called “Billionaire's Row” near the Israeli Embassy. This house include world's art collections. Aditya is the finance director of his father’s steel company Arcelor-Mittal.

In 2004, Lakshmi Mittal bought his first house a `Guinness Book Records-breaking’ central London house for a record price of 70 million pounds. This house is 12-bedroom house in the prestigious Kensington Palace Gardens and it has garage space for 20 cars. This manson was sold by former Labour donor, Bernie Ecclestone, the Formula One racing boss, who bought it for his wife three years ago.

Now Lakshmi Mittal is worth an estimated near £28 billion.


UK NRI Mittal

UK NRI Mittal, steel tycoon