Lakshmi Mittal flies to Montana the week his Dubai property plans take shape

Lakshmi Mittal flew from New Farm Airfield in England to Great Falls International Airport in Montana on June 7, an 8-hour transatlantic hop aboard his Bombardier Global 7500, G-LOBX. The flight, which arrived early Monday, comes days after the steel billionaire formally shifted his tax residency out of the UK, a move widely reported as a response to Labour's abolition of the non-dom regime and looming inheritance tax changes. Montana, with its low-tax structure and privacy, has become a quiet alternative for the ultra-wealthy.

The same week Mittal's plane touched down in Great Falls, multiple outlets — including Khaleej Times and ET Now — reported that he is deepening his footprint in Dubai, purchasing a mansion in Emirates Hills and acquiring plots on the under-construction Naïa Island, an ultra-luxury man-made development near the Burj Al Arab. The Indian-born executive, worth an estimated $16.4 billion, is also now tax-resident in Switzerland, per The Profit India, as he reshuffles his global bases to sidestep a 40% UK inheritance levy on worldwide assets.

Mittal's recent flight pattern shows a man splitting his time between Geneva, London, and India — with a stopover in the UAE last month. This Montana detour, while not connected to any specific conference or public appearance, fits a broader strategy: diversifying destinations where his jet can touch down without the glare of a Heathrow or a Dubai VIP terminal. Quiet airfields, quiet tax regimes, quiet money.