British homes of India’s wealthiest in the spotlight as talk swirls of Mukesh Ambani leaving Mumbai for Stoke Park
- The multibillionaire’s company Reliance Industries said speculation he and his family would move to a US$77 million English country estate was ‘baseless’
- But he wouldn’t be the first wealthy Indian to relocate – nearly 5,000 millionaires left India last year alone, according to a recent report
Ambani, whose net worth is US$110.6 billion according to Forbes, currently lives in a 27-storey Mumbai megastructure called Antilia that cost between US$1-2 billion to build. In a statement, Reliance said speculation that the 64-year-old and his family would relocate away from India was “baseless”.
Yet the purchase in April of Stoke Park – a 300-acre estate some 40km outside London that Reliance said will “add to the group’s fast-growing consumer business” following a two-year renovation – has catapulted the Ambanis into the company of a galaxy of other Indian tycoons who own grand British homes.
Lakshmi Mittal, chairman of the US$53 billion steel and mining giant ArcelorMittal, owns three mansions in London.
The 71-year-old’s largest is located on The Bishops Avenue, also known as Billionaire’s Row, which is considered to be one of the wealthiest streets in the world.