25th April 2011
On April 29, Prince William and his wife-to-be Kate Middleton will be having their lavish royal wedding at London’s Westminster Abbey. The wedding is estimated to carry a total price tag of over $48 million.
Although this is a huge sum of money, spending by visitors to London will have a “commercial benefit” of 107 million pounds ($177 million), according to a...
10th May 2010
This weekend, Mohamed al-Fayed, who pledged to stay at Harrods until he died, agreed to sell the Knightsbridge department store.
A deal was signed in the early hours of 8 May 2010 at a meeting in Amsterdam between the two sides’ advisers with the ownership of the company moving to the royal family of Qatar for more than £1.5 billion.
After months of discussions Fayed, 81, agreed to...
2nd April 2010
Lakshmi Mittal is planning to build a 115-metre tall steel tower at the Olympic Games site in London ready for 2012. The tower is being touted as the tallest in Britain.
The tower will be a snaking, gigantic steel one and has been designed by London based artist of Indian origin, Anish Kapoor and funded by another famous Indian in London - steel baron Lakshmi Mittal.
The Arcelor Mittal Orbit...
27th March 2008
Saudi Prince Bandar bin Sultan's Aspen ski lodge is listed as $135 million, while a 64-room Istanbul waterfront mansion is on the market at $100 million.
Steel tycoon Lakshmi Mittal is so far the only person to have paid more than $100 million for a home, when he bought a Kensington townhouse for $127 million in 2005.
Although there are a few on the market for higher amounts
Tim Blixseth is...
10th March 2008
Israeli billionaire Lev Leviev, ranked as the world's 278th richest person in 2006, is moving to London with his wife Olga and two of their children.
His new London house is Britain’s most expensive new home at £35 million, designed by architect William Bertram, who came out of retirement for the job.
The Northwest London house is 17,000 square feet and includes an indoor swimming...
12th February 2008
The choice parts of the capital remain in the same hands - The Duke of Westminster, The Earl of Cadogan, Charlotte Townshend and The Portman family
There is still just a handful of the ruling elite who own huge swathes of London and the four largest estates are owned and controlled by aristocratic families who can trace their lineages back hundreds of years.
The Grosvenor Estate, the Cadogan...
27th January 2008
Squeezing into the Swiss resort’s hotels may have been fine for global leaders, but it certainly wasn’t a prospect that one oligarch was willing to entertain.
Oleg Deripaska actually bought a house in Davos to accommodate him in the style to which, as Russia’s second-richest man, he has grown accustomed.
The so-called King of Aluminium, who owns Rusal and is worth...
