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Lakshmi Mittal quits UK as tax on rich looms : Report
Financial Express Ahmedabad
|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.
यह कहानी Financial Express Ahmedabad के November 24, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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