Versuchen GOLD - Frei
Lakshmi Mittal quits UK as tax on rich looms : Report
Financial Express Bengaluru
|November 24, 2025
INDIAN-ORIGIN STEEL magnate Lakshmi N Mittal, until now based in Britain and a regularon the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government’s feared tax shakeup for the super-rich nears, according to a UK media report on Sunday.
Rajasthan-born Mittal is a resident in Switzerland for tax and will now spend much of his future in Dubai, according to the The Sunday Times.
The founder of ArcelorMittal steelworks is worth an estimated £15.4 billion as per the 2025 ‘Sunday Times Rich List’, which ranked him the UK's eighth richest man. Now, the newspaper references sources close to the 75-year-old industrialist to claim he has become the latest billionaire to leave the UK ahead of a much-anticipated Budget by Chancellor Rachel Reeves on Wednesday.
Diese Geschichte stammt aus der November 24, 2025-Ausgabe von Financial Express Bengaluru.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Financial Express Bengaluru
Financial Express Bengaluru
‘Track record matters more than sponsorship’
NIMESH SHAH, MD & CEO, ICICI PRUDENTIAL AMC
2 mins
December 15, 2025
Financial Express Bengaluru
Startups ride growing demand for Narrow AI
DEMAND FOR NARROW
1 mins
December 15, 2025
Financial Express Bengaluru
FMCG growth slips in November, but rural gallops
“Inflation has begun to stabilise in the second half of the ongoing fiscal.
1 mins
December 15, 2025
Financial Express Bengaluru
Bihar Minister Nitin Nabin is BJP's new working prez
AFTER MONTHS OF waiting, the BJP Parliamentary Board on Sunday appointed Bihar Cabinet Minister and five-term Nitin Nabin as the party’s national working president.
2 mins
December 15, 2025
Financial Express Bengaluru
Ukraine prez drops plans to join NATO
UKRAINE HAS RELINQUISHED its ambition of joining the NATO military alliance in exchange for Western security guarantees as a compromise to end the war with Russia, President Volodymyr Zelenskyy said ahead of talks with US envoys in Berlin.
1 mins
December 15, 2025
Financial Express Bengaluru
FMCG growth slips in Nov, but rural gallops
INDIA'S FAST-MOVING CONSUMER goods (FMCG) market has slipped in November due to price cuts triggered by the GST rate changes.
1 min
December 15, 2025
Financial Express Bengaluru
Medra to expedite drug discovery with AI robots
MEDRA, WHICH PROGRAMS robots with AI to conduct and improve biological experiments, has raised $52 million to build what it says will be one of the largest autonomouslabsin the US.
2 mins
December 15, 2025
Financial Express Bengaluru
'Pvt investment in biopharma needs govt risk-sharing'
India’s bioeconomy has expanded more than sixteen-fold over the past decade, rising from $10 billion to more than $165 billion in 2024, and is projected to exceed $300 billion by 2030.
3 mins
December 15, 2025
Financial Express Bengaluru
Alphabet poised for paper gain
ALPHABET IS SET to book another sizable paper gain after SpaceX completes a tender offer that effectively values the closely held company at about $800 billion.
1 min
December 15, 2025
Financial Express Bengaluru
Budget may unveil next round of PSB reforms
FDI hike, phased dilution of govt’s stake to 51% on the table
1 min
December 15, 2025
Listen
Translate
Change font size