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Billionaire Flees UK! Lakshmi Mittal's Shock Dubai Move Amidst Tax Storm

Economy

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Published on 23rd November 2025, 3:48 PM

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Author

Satyam Jha | Whalesbook News Team

Overview

Steel magnate Lakshmi N Mittal, Britain's eighth richest with an estimated £15.4 billion, is reportedly relocating from the UK to Dubai. This move is driven by fears of impending tax shake-ups by the Labour government, particularly concerning inheritance tax on worldwide assets. Other wealthy entrepreneurs are also considering similar exits, raising concerns about the UK's investment climate.