08/14/2008 06:19 pm ET Updated May 25, 2011

Lakshmi Mittal, Britain's Richest Man, Buys Third House On Billionaire's Row

In these cash-strapped times, it's a lucky father who can afford to help his children on to the property ladder.

Especially when the sums involved run into hundreds of millions of pounds.

After buying an £117million mansion near his London home for his son Aditya, steel magnate Lakshmi Mittal has just splashed out a further £70million on a place thought to be for daughter Vanisha.

The combined value of the three properties, which are a few hundred
yards apart in Kensington Palace Gardens, is said to be an astonishing £440million.

Read more on Daily Mail Online