What is Naïa Island and why Indian-origin billionaire Lakshmi Mittal is shifting there from the UK? November 23, 2025 at 11:12PM

Steel magnate Lakshmi Mittal is shifting his primary residence from the UK to Dubai and Switzerland, driven by the UK's impending wealth and inheritance tax reforms. He has acquired property on Dubai's exclusive Naïa Island, a move reflecting a broader trend of high-net-worth individuals seeking tax certainty and asset protection.