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Old 04-13-2004, 10:47 AM   #1
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Big Grin My new house cost $128 million

lmao I wish!



$128 million spent for London house
Report: Indian steel tycoon breaks world record with purchase

LONDON - An Indian steel tycoon reportedly paid $128 million for a mansion in the British capital, breaking the world record for the most expensive house purchase.

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The Sunday Times said 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 from Formula One car racing boss Bernie Ecclestone.

Mittal’s spokesperson was unavailable for comment Monday and a call to Ecclestone’s Formula One Management company went unanswered.

The Sunday Times reported that three real estate agencies were involved in the sale. The offices of all three companies were closed for Easter Monday.

Guinness Publishing also could not be contacted for comment on the report. The Sunday Times said the sale of the property near Kensington Palace, the former home of Princess Diana, broke the record for the world’s most expensive house sale. It said the previous record was set in Hong Kong in 1997 when a property sold for $101.6 million.

Mittal, 53, owns the LNM Group, one of the world’s biggest steelmaking companies, and is based in Britain. In February, Forbes magazine ranked him 62nd in its list of the globe’s richest billionaires with a fortune worth $6.2 billion.

The Sunday Times reported that Mittal exchanged contracts with Ecclestone for the house earlier this month. It said the property has garage space for 20 cars, Turkish baths, a ballroom, an oak-paneled picture gallery and an ornate basement pool.



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Old 04-13-2004, 10:50 AM   #2
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Nice house!
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Old 04-13-2004, 11:11 AM   #3
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Sounds like normal housing prices in this country.
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Old 04-13-2004, 11:13 AM   #4
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Needs a fresh coat of paint....
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Old 04-13-2004, 11:32 AM   #5
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Originally posted by meegannie
Sounds like normal housing prices in this country.
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Old 04-13-2004, 11:58 AM   #6
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Is the house in a good school district?
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Old 04-13-2004, 12:14 PM   #7
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i would definitely need a maid if i lived in a house like that. actually i could use a maid in my little one bedroom apartment
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Old 04-13-2004, 12:31 PM   #8
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Makes two of us Thankfully Mike helps me clean
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Old 04-13-2004, 12:39 PM   #9
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Re: My new house cost $128 million

Quote:
Originally posted by Mullen-Girl
lmao I wish!



$128 million spent for London house
Report: Indian steel tycoon breaks world record with purchase

LONDON - An Indian steel tycoon reportedly paid $128 million for a mansion in the British capital, breaking the world record for the most expensive house purchase.

advertisement

The Sunday Times said 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 from Formula One car racing boss Bernie Ecclestone.

Mittal’s spokesperson was unavailable for comment Monday and a call to Ecclestone’s Formula One Management company went unanswered.

The Sunday Times reported that three real estate agencies were involved in the sale. The offices of all three companies were closed for Easter Monday.

Guinness Publishing also could not be contacted for comment on the report. The Sunday Times said the sale of the property near Kensington Palace, the former home of Princess Diana, broke the record for the world’s most expensive house sale. It said the previous record was set in Hong Kong in 1997 when a property sold for $101.6 million.

Mittal, 53, owns the LNM Group, one of the world’s biggest steelmaking companies, and is based in Britain. In February, Forbes magazine ranked him 62nd in its list of the globe’s richest billionaires with a fortune worth $6.2 billion.

The Sunday Times reported that Mittal exchanged contracts with Ecclestone for the house earlier this month. It said the property has garage space for 20 cars, Turkish baths, a ballroom, an oak-paneled picture gallery and an ornate basement pool.




Is it near the shops? Is it near the train/bus station? Is it a quiet area? what are the neighbours like? what are the garbage man's hours?
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Old 04-13-2004, 12:47 PM   #10
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You can vacuum a room and close the door, but the grass keeps growing, so you are always out there mowing the yard.....
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Old 04-13-2004, 01:15 PM   #11
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With my luck, I would own it and the elevator would be out.....and the repair parts obsolete!
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Old 04-13-2004, 01:32 PM   #12
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I'm not trying to be picky here, but for 128 mill, I'd want more than 12 bedrooms.

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Old 04-13-2004, 01:54 PM   #13
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I'm not trying to be picky here, but for 128 mill, I'd want more than 12 bedrooms.

That's what I thought. I mean, you can buy whole islands for less than that.

(ha, it sounds like I'm talking from experience)
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Old 04-13-2004, 02:03 PM   #14
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With my luck, I would own it and the elevator would be out.....and the repair parts obsolete!
and with my luck, i'd also be IN the elevator when it decided to go out.
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Old 04-13-2004, 02:05 PM   #15
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Quote:
Originally posted by Angela Harlem
I'm not trying to be picky here, but for 128 mill, I'd want more than 12 bedrooms.

It probably has only one bathroom....
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