Lakshmi Mittal Quits UK for Switzerland and Dubai: Naïa Island, Labour’s Tax Shock and the New Billionaire Flight
London/Dubai – 24 November 2025 — Lakshmi N Mittal, the Indian‑origin “King of Steel” and for years one of Britain’s richest residents, has now formally joined the growing billionaire exodus from the UK. After nearly three decades in London, Mittal has shifted his tax residence to Switzerland and is expected to spend much of his time in Dubai, where he already owns a mansion and has bought plots on the ultra‑exclusive Naïa Island, according to multiple media reports citing advisers and sources close to the family. The Times His move, widely reported today across UK, Indian and Gulf outlets, comes
