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Thread: $128 million spent for London house

  1. 04-14-04, 11:20 AM #1
    xlr8ted
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    $128 million spent for London house

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

    Stefan Rousseau / AP
    A good deal? This 12-bedroom mansion in London's Kensington Palace Gardens reportedly cost $128 million.
    The Associated Press
    Updated: 10:58 a.m. ET April 12, 2004LONDON - 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.



    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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  2. 04-14-04, 11:25 AM #2
    phatman
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    ...you could prob fit a good size of the untouchables roaming the streets of Mumbai in the basement alone...i wonder if Mr. Mittal is even interested in helping mother India....house sounds great though - nothing says filthy rich than having an actual ballroom in your house...


    ...lonely roads ahead...just a matter of time....
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  3. 04-14-04, 11:30 AM #3
    xlr8ted
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    India is one messed up Country right now, Bombay is in need of some major help... The organized crime in that country is running the movie industry over there, scary shit.
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  4. 04-14-04, 11:50 AM #4
    incredulous
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    must be nice
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  5. 04-14-04, 12:01 PM #5
    ghhhhhost
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    im sure mr mittal is so far removed from the indian subcontinent..that he couldnt differentiate between rogan josh and briyani
    Quote Originally Posted by computerjockey View Post
    BTW, i might not know what's "cool" but Paul Van Dyk surely did when he gave me his watch the 2nd time he came to America (in '93)
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  6. 04-14-04, 12:11 PM #6
    phatman
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    ...i think it's biryani but oh boy could i go for some garlic nan...lol...but i know you're right - that's the problem with that level of wealth, you are on another planet - i've seen it first hand and it is quite scary...sometimes comical, in that tragic sense...


    ...lonely roads ahead...just a matter of time....
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  7. 04-14-04, 12:50 PM #7
    xlr8ted
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    Chicken Tika Marsala w/ Basmati rice and butter nan...
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  8. 04-14-04, 04:41 PM #8
    funks0ul
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    Originally posted by xlr8ted
    India is one messed up Country right now, Bombay is in need of some major help... The organized crime in that country is running the movie industry over there, scary shit.
    and all the movies suck now too.. b/c they just rip off american movies...

    now you got me craving some chicken biryani... damnit!
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  9. 04-14-04, 10:21 PM #9
    ghhhhhost
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    goat biryaniiiiiiiiiiiiiiiiiiiiii
    Quote Originally Posted by computerjockey View Post
    BTW, i might not know what's "cool" but Paul Van Dyk surely did when he gave me his watch the 2nd time he came to America (in '93)
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  10. 04-14-04, 10:54 PM #10
    jtk4
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    You know you are rich when you are considered a tycoon.



    HMMMMMMM slurpee. (sorry that is the only indian food i know)





































    Pain or damage don’t end the world, or despair or fuckin’ beatin’s. The world ends when you’re dead. Until then, you got more punishment in store. Stand it like a man—and give some back.
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  11. 04-14-04, 11:10 PM #11
    funks0ul
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    Originally posted by jtk4
    HMMMMMMM slurpee. (sorry that is the only indian food i know)

    LOL!

    oh wait, should I be mad since i'm indian?!
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  12. 04-14-04, 11:14 PM #12
    jtk4
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    I am glad you found it funny I was actually worried that someone would get mad.



    Pain or damage don’t end the world, or despair or fuckin’ beatin’s. The world ends when you’re dead. Until then, you got more punishment in store. Stand it like a man—and give some back.
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  13. 04-14-04, 11:18 PM #13
    magellanmax
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    I'm sorry if i dont find humor in this.... India is a struggling nation with a population past the billion mark with a huge chunk(the size of most countries) living in poverty..and instead of helping his struggling brethren, he spends that much on a friggin house muthafucka, i hope you lose all that moolah on the stock market.
    Fuck it... dont mind me, i'm just annoyed for the foolhardy spending of the rich


    P.S that much $$ coulda fed hundred of thousands of starving peeps for a year in India !!!!


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  14. 04-14-04, 11:33 PM #14
    jtk4
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    Then after the year he would not have any money and no kick ass house. Bill gates owns a fuckin island and I see starving people everyday. That is the way the world is.


    I read somewhere that the most inteligent people in india go to the colleges here so that when they graduate they can go back and help India. But instead they stay here. That could be complete shit talk and it is not my opinion just something I read/heard.



    Pain or damage don’t end the world, or despair or fuckin’ beatin’s. The world ends when you’re dead. Until then, you got more punishment in store. Stand it like a man—and give some back.
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  15. 04-14-04, 11:48 PM #15
    magellanmax
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    Originally posted by jtk4

    I read somewhere that the most inteligent people in india go to the colleges here so that when they graduate they can go back and help India. But instead they stay here. That could be complete shit talk and it is not my opinion just something I read/heard.
    Its not shit talk..its the damn truth,...and its not just India, its a whole multitude of foreigners that do that... The U.S has become a complete drain of international brain pool for people looking for a better life. And all this time i thought job outsourcing was a detriment to the fair balance in U.S economy..

    Fuk it... everyone for himself and God for us all


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