It will be home to Aditya, 32, who currently lives in nearby Belgravia with his wife, Megha, a former Goldman Sachs banker, and their two daughters. Lakshmi Niwas Mittal, a steel magnet was born in Rajasthan, India on 15 June, 1950. . Billionaires own an average of four homes, many of which are based in trophy cities such as London, New York and Paris. Tirana, Albania, will call their street Free Ukraine Street. Every time you come back to the website, the browser retrieves and sends cookies to the server, which helps to improve your experience of the website by: New to Foxtons? You may opt-out by. In the list of Indian Billionaires, Lakshmi Mittal has paced with an empire in the UK. Here at HomeViews, we ask reviewers to rate the value that they think their property offers, as its a key consideration for buyers and renters. A good deal? The 15-bedroom, cream-coloured mini palace wasnt to Romans taste at purchase, so he continues to renovate it. According to the recently released Wealth-X and UBS Billionaire Census 2013, the total real-estate holdings of the worlds billionaires are estimated at $169 billion, which equates to an average of $78 million per billionaire. In 2001, Formula 1 boss Bernie Ecclestone bought the house for 50 million. The Chelsea FC owner had to put the club up for sale in early March after the Russian war of aggression began in Ukraine. Aditya is the finance director of his fathers company, Arcelor Mittal, the worldslargest steelmaker. These include the Russian Embassy (5-7), French Embassy (11), Nepalese Embassy (12a), Russian Ambassador's residence (13), Ambassador of Finland's residence (14), Lebanese Embassy (21) and the Japanese Embassy residence (23). The little girl murdered as she clutched her father's hand: Dad was found 'cradling' his three-year-old 'Incel' killer's eight-minute reign of terror: Chilling footage shows Plymouth gunman Jake Davison wielding Pictured: Five-year-old girl knocked down and killed by a takeaway delivery driver as her devastated mother Crowning jewel: Kim Kardashian buys Princess Diana's iconic amethyst-and-diamond cross necklace at auction Thrifty Kate strikes again! Cold, hard facts about how freezing winter weather can harm your health, Bad news, men 'winter penis' might be real after all, doctors say. After settling in, Lakshmi decided he liked the street so much that he bought another two houses on it. In 2016 the Russian oligarch was granted planning permission for a 28 million refurbishment of the property, adding a subterranean pool and leisure complex and boosting the size of the Grade II-listed home to 20,000 sq ft. By Richard Simpson for MailOnline Updated: 08:35 GMT, 24 June 2008, Billionaire Lakshmi Mittal, pictured with wife Usha. Each end of the road is guarded by gates and checkpoints with Diplomatic Protection Group police officers, thanks to the number of embassies and ambassadors residences on the street. The final entry at the top 10 most expensive streets list is Avenue Montaigne from Paris. Property Focus Photo: Odd Andersen/AFP (Odd Andersen/AFP) Mittal may end up making a. Singapores Paterson Hill is the fifth most expensive road followed by Chemin de Ruth in Geneva.Located in the heart of Switzerlands Cologny, Chemin de Ruth is Switzerlands most-expensive street.Romazzino Hill in Sardinia is the 7th most expensive street while property prices at Ostozhenka in Moscow hover around $29,000 per square metre. If he decides to sell, Jon Hunt is likely to make a good return on his investment. 7,071 views. These cannot be disabled. He has however put his neo-Georgian mansion on sale. Lakshmi Mittal was named as the UK's fifth-richest man in 2018, with a net worth of nearly 16 billion ($20.5 billion) accrued from his role as CEO of ArcelorMittal, the world's biggest steelmaker. Crazyegg is a third-party optimisation solution which helps us to test, analyse and improve each user's experience on the website based on their online behaviour. Before leaving, they apparently had over 12 million worth of renovation works done to Apartment 1A, to make it more family-friendly. HomeViews provides verified resident reviews of the UKs housing developments. He's selling the place on the market now for 110 million. One major advantage that the streets residents can enjoy is the added safety it offers. Now you see it Debbie McGee's riverside home floods again as banks of the Thames burst around star's Former Man United star looks unrecognisable as he has pint with a fan in a Manchester pub but can you Michael Olise's STUNNING injury-time free-kick denies Man United all three points as Crystal Palace snatch Do not sell or share my personal information. When Mittal wanted to sell in the early 2000s he struggled to find a buyer and spent several years renting it out at 10,000 ($16,000) a week. Her Kensington Palace Gardens mansion offers 57 rooms of wall-to-wall luxury including quirky features such as a gold free-standing bathtub, a room dedicated purely to designer handbags and a 10,000 miniature replica of the mansion which serves as a playhouse for her daughter Sophia. It was bought for Mittals son Aditya from Israeli-American financier Noam Gottesman. Bought a $128 Million house in London; He sponsored a few Indian Athletes for the Olympics. Kensington Palace: Next-Generation Royalty, Embassies and Ambassadorial Residences in Kensington Palace Gardens, Millionaires and Billionaires in Kensington Palace Gardens, Buyers still looking for openings on Londons most expensive street, Rosamund Pike joined protestors, specifically in protest of journalists killed by Russia during the war, embassy building had the colours of the Ukrainian flag beamed onto it, interview with the Financial Times in 2016, offered the fantastical sum of 300 million, personal annual income was estimated at 1.5 billion, street name to be changed to Zelenskyy Avenue, Read more about Borough of Kensington and Chelsea, 10 best places to live in North West London. Sometimes more expensive developments get high ratings for value and other, much cheaper, buildings can be rated poorly on value. Plus, a big thanks to Yusif for always going the extra mile. The Sunday Times said the sale of the property near Kensington Palace, the former home of Princess Diana, broke the record for the worlds most expensive house sale. Instruct us, Existing customers The palatial 12-bedroom house, that was bought by business tycoon in 2008, has been put on sale. A good. Whitewashed facades and black iron railings are firmly in vogue for all manner of ambassadorial residences and residents across this remarkable street. Indian steel magnate Lakshmi Mittal is willing to take a huge hit on the Kensington London mansion he bought for a mere 117 million pounds back in 2008. Thats right, Mittal owns more than one home in the British land and here, we take you through his property portfolio. Known as the Taj Mittal and said to be the worlds most expensive private home, its total area is 55,000 square feet. In February, Forbes magazine ranked him 62nd in its list of the globes richest billionaires with a fortune worth $6.2 billion. This embassy is set well back from the road, with few trees to the front. Performance cookies let us collect information about how the website is used. Prince William and the Duchess of Cambridge, until very recently, called the palace their home, as do Princess Eugenie and her husband Jack Brooksbank currently. Most are in the U.K. Be the first to hear about available properties at your favourite developments. For reprint rights: Times Syndication Service, LONDON: Londons leafy Kensington Palace Gardens home to Indian steel tycoon. With its panoramic views over Hong Kong Island and Victoria Harbour, the prestigious Pollocks Path has been found to be the worlds most-expensive street priced at $120,000 per square metre. NRI steel baron Lakshmi Mittal's London residential address, Kensington Palace Gardens, is the second most expensive street in the world, where the average price per square metre is a whopping . The half-mile long street provides a scenic and convenient route between the bustling Notting Hill Gate and Bayswater Road to the north and Kensington High Street to the south. Both ends of the street have security checkpoints manned by armed guards, while crash barriers, sniffer dog teams, CCTV and other electronic surveillance technologies cover the entirety of the street. All rights reserved, https://www.homeviews.com/blog/kensington-palace-gardens-londons-most-expensive-street/, Kensington Palace Gardens: Londons most expensive street, Kensington Palace Gardens vs. other London streets. Extensive expansion work was undertaken by Sir Christopher Wren, and many successive monarchs added their own additions and adaptations to the palace. The dilapidated state of the interiors is clear, as well as fascinating glimpses of the cellars and other structural elements of the property. Off-market real estate sales offer several benefits to both the buyer and seller, especially VIPs and celebrities seeking exclusivity and privacy. We use necessary cookies to make our website work and we'd like to use other cookies to give you the most relevant experience. NOW WATCH: London's riverside pods have been revamped for summer and they received 9,000 bookings in a single day. This large, lavish and unrepentantly stylish white-stuccoed building has hosted Russian diplomats and their guests since 1929. The 12-bedroom palatial home was the most expensive in Britain when he had bought it for 117 million. ArcelorMittal S.A. ist ein internationaler Stahlkonzern, der 2007 aus der niederlndischen Mittal Steel Company und dem luxemburgischen Konzern Arcelor hervorging. By clicking Sign up, you agree to receive marketing emails from Insider By BermudaBreeze @ 2009-07-31 11:01:19. Prior to renovations, Hunt allowed a stunt biker to create this remarkable video of himself riding through the house. Full version Cold Steel: Lakshmi Mittal and the Multi-Billion-Dollar Battle for a Global Empire. It has 12 bathrooms and six reception rooms. Net worth as of 2022 is $18 billion. Even though deals on these properties are made behind closed doors via very expensive go-betweens, the allure of Kensington Palace Gardens means that theres no shortage of people willing to pay whatever it takes to be on Londons most expensive street. Sections of the walls were built using surplus stone from the new Palace of Westminster, and work was completed in April 1847. However, his then wife, Slavica, allegedly disliked the building and refused to live there. The formal residence of the current Russian ambassador, Alexander Vladimirovich Yakovenko, is just a few doors down at Number 13. Not to be outdone by his neighbours, the tycoon added underground parking, an indoor swimming pool and a cinema room to the vast property. The third house, the former Philippines Embassy, is expected to be modernised for Vanisha, 27, who is also on the board of the company. Home inspiration, Area Guide foxtons_session - Stores information about whether you are logged in into your account or not. But he is not the only Indian plush person to erect incredibly expensive homes. The house was used as an official residence by the Nigerian High Commissioner during the 1960s and 70s. Interestingly, Insider also reports that Lakshmi Mittal owns another luxurious mansion named Summer Palace on Bishop Avenue. Looking at the rest of our capitals top 5 most expensive streets, Kensington Palace Gardens is well beyond the curve. Property developer David Khalili bought and united the two properties in the 1990s, spending 20 million to merge the two into one palatial home. Who lives where in Kensington Palace Gardens? Quite surprisingly, the house 'only' has five or six . This post is part of an interactive series by Insider profiling Billionaires Row. And why not? Quite surprisingly, the house only has five or six bedrooms. Aditya is the chief financial officer of ArcelorMittal, the company responsible for his father's wealth. The couple will soon end their time at Ivy Cottage. The man is the fourth richest person in the world, and his new home is definitely the most expensive one. Sign up. Another beautiful building built in the Victorian era, the Lebanese Embassy has a commanding presence even on this most impressive of streets. The facility attracted controversy following a large number of allegations of torture throughout its operation. Alongside their royal and diplomatic neighbours, the business tycoons and celebrities add a little colour and lots more money to the street. screen - Stores the screen size of the device that you are viewing our website on. and spent several years renting it out at 10,000 ($16,000) a week, The cavernous mansion once owned by the Saudi royal family, left to rot, and now home to squatters and dead mice, The grand home of Britain's first porn baron, who quit school at 15, built a media empire, then sold it, The Russian financier's home hit by one of the city's most lucrative burglaries then ravaged by fire, Salman Rushdie's one-time fortified safe house at 9 The Bishops Avenue, Heath Hall, the mansion-for-hire that Justin Bieber rented for $140,000 a month, This garish mansion has hosted Mikhail Gorbachev and Simon Cowell and was once Britain's most expensive home, Greek fashion tycoon's home that became a Reddit-famous murder scene on New Year's Day 1985. Mittals spokesperson was unavailable for comment Monday and a call to Ecclestones Formula One Management company went unanswered. You can manage and/or delete these small files from your device, but please be aware that this will limit the functionality that we are able to offer to you. Lakshmi Mittal, named by Forbes magazine as one of the richest people in the world, bought the 12-bedroom house in London's Kensington district for $128 million, a world record. Lakshmi Mittal's House London, United Kingdom (GB) Like Tweet Share Pin This is 'Summer Palace' just one of the London homes of the billionaire steel tycoon. Have been revamped for summer and they received 9,000 bookings in a day. The Taj Mittal and said to be the worlds most expensive in Britain when he had bought for! Vs. other London streets Number 13 Hunt is likely to make it family-friendly. Watch: London 's riverside pods have been revamped for summer and received... 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