Lakshmi Mittal flies to London the week of a billionaire tax exodus

Lakshmi Mittal flew from Teterboro to London Southend on June 11, a 6-hour 19-minute trip in his Bombardier Global 7500, tail G-LOBX. The steel tycoon arrived in the UK the same week Labour's tax overhaul continues to roil the super-rich, per a Sunday Times report covered by [torontonews.net](https://www.torontonews.net/news/278720933/billionaire-lakshmi-mittal-joins-exodus-of-affluent-from-uk).

Mittal, who shifted his tax residence from the UK to Switzerland in 2024 and maintains a Dubai property, has been outspoken about the government's inheritance tax on global assets and a proposed 20 percent exit tax, as detailed by [theprofitindia.com](https://theprofitindia.com/lakshmi-mittals-21-4b-wealth-pushes-him-to-quit-uk-heres-why-7-points/). He still owns his Kensington Palace Gardens mansion and travels frequently for business, keeping a home base at Geneva Airport (LSGG).

The flight follows a pattern of recent movements: Mittal flew from London to Montana and Seattle earlier this week, likely connecting with ArcelorMittal operations before heading back to the UK. His son Aditya runs the company, but Mittal remains executive chairman, and London remains a hub for the family's European steel interests.