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Lakshmi Mittal Taking Major Loss On London Mansion – Forbes

Posted by on June 1, 2013

Lakshmi Mittal taking a $7 million loss on this house on Palace Green in Kensington.

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.

He’s selling the place on the market now for 110 million.

Any takers?

London billionaires are faced with a new mansion tax. It went into effect on April 1

after a year of back and forth debate in P… (View original article)

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