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Lakshmi Mittal quits UK
Ahmedabad Mirror
|November 24, 2025
Rajasthan-born Mittal is a resident in Switzerland for tax purpose, will now spend much of his future in Dubai: reports
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Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country's richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shakeup for the superrich 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 pounds as per the 2025 'Sunday Times Rich List', which ranked him the UK's eighth richest man.
This story is from the November 24, 2025 edition of Ahmedabad Mirror.
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