$230 Million: World's Most Expensive Home Sells In London

A MANSION in London is set to sell for £117million - making it the world's costliest home. The palatial residence, on a street dubbed Billionaires' Row, is believed to have been bought by Britain's richest man, steel tycoon Lakshmi Mittal.

He is believed to be close to exchanging contracts with owner Noam Gottesman, 47, a US-born financier.

The home in Kensington Palace Gardens, West London, Princess Diana's former street, is being sold furnished and with an art collection. It works out at an astonishing £8,000 per square foot.

Mr Mittal, 57, who denies being the buyer, has been looking to splurge some of his £27.7billion fortune on a home for son Aditya, 32. Mr Mittal moved into the half-mile, tree-lined private avenue four years ago after paying £67million for a 12-bedroom home.

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The Times also reported Mittal approached Gottesman:

Property sources told The Times that the family of Lakshmi Mittal, the billionaire steel magnate and Britain's richest man, had made an approach for Mr Gottesman's home, which is next door to the Israeli Embassy.

Mr Mittal's son Aditya, 32, has been searching for a London house of his own over the past few months but wants to stay near his family. Mr Mittal lives in Kensington Palace Gardens, having paid £57 million in 2004 to buy the house from Bernie Ecclestone, the Formula One chief.

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See a slideshow of London's trophy homes.

The home:

It's good to be Lakshmi Mittal:

Comments

[Mirri]

03:36 AM on 05/25/2008

Little too snug and boring for my money.

[KarenZipdrive]

06:58 PM on 05/24/2008

If I had that kind of money I'm not sure London would be the only place to spend it.
I think buying nice, roomy apartments in London, Paris, New York, San Francisco, Tokyo and Italy would be a lot more fun.

[Boringat]

12:33 PM on 05/24/2008

Will he have a butler named Mahatma Khote ??

[gorgol]

10:58 AM on 05/24/2008

It looks like an 1800's mental hospital for the "wealthy".­..no thanks....­.creaky floors, creaky doors. "The Albatross" seems a good name.

[PanFx]

02:49 AM on 05/24/2008

World's most expensive house? Shah!?!!

Try world's biggest sucker.



Much more fitting.

[MalloMel]

09:04 AM on 05/24/2008

Why is he a sucker, when the house he is buying is with pocket change? I wish I had that kind of money to throw away.

[chimpette]

09:09 PM on 05/23/2008

230 million dollars to buy a home and your neighbor is ten feet away?

Status, pure and simple.

[greysilk]

08:52 PM on 05/23/2008

Hmmm, even better to be Noam Gottsman (pity there is no cruel picture of him) who will get the cash!

[anastasiabeaverhousen]

08:39 PM on 05/23/2008

There is a revolution coming in this world. I would not want to be this dude when it happens...­....

[avraamjack]

10:43 PM on 05/23/2008

.
Not likely, and even if there was, the safest place would be next to Kensington Palace and a bunch of well protected embassies.
.

[ShawnMichel]

04:38 AM on 05/24/2008

Agreed. And I'll be leading it. And avraamjack obviously hasn't read his history. Not surprising ...

[avraamjack]

07:25 PM on 05/23/2008

.
Not bad for a Pied-à-ter­re.
.
I would have preferred something about one block east.
.

[robinhood2]

05:52 PM on 05/23/2008

If you want to buy your own in town mansion in the US, you can do so for a lot less. A mansion built for Charles Fisher (as in General Motors, Body by Fisher) over 90 years ago is available for only $850,000 in Detroit (670 Boston Blvd. East), all 16,500 square feet of it. It probably cost more than that to build back in 1915. Bring your own body guards. Location, location, location.

[Raymondf]

04:34 PM on 05/23/2008

Hate to pay the taxes, and insurance on this house.

[loki]

05:33 PM on 05/23/2008

You think he pays taxes?? he makes to much for that silliness. He makes campaign contributi­ons. It cost a little more, but the returns are much better

[continental]

03:59 PM on 05/23/2008

Of course, the house would have cost, at most, half as much, in January 2001 U.S. dollars (when dubya took office and before the dollar tanked on his watch).

[hughbetcha]

05:42 PM on 05/23/2008

And?

[lisakaz2]

03:41 PM on 05/23/2008

It's too bad beautiful places such as that are only available to billionair­es while millions in the world live lives of utter squalor.

[RebelPatriot]

08:40 PM on 05/23/2008

millions?

try billions.

[Reaganwater]

03:19 PM on 05/23/2008

With the greatest congratula­tions for the gentleman ; two quick quotes for him to consider -- both of which have been shown to be true throughout history . Both of which were in the movie WALLSTREET :

"A fool and his money are lucky enough just to get together in the first place" and
"You're on a roll son , enjoy it while it lasts , because it never does ! "

[Hallucinocynic]

02:40 PM on 05/23/2008

Max Bialystock (Zero): "That's it, baby, when you've got it, flaunt it, flaunt it! "