$128 Million London Mansion
An Indian steel tycoon paid $128 million for a mansion in London breaking the world record for the most expensive house purchase, according to the London Sunday Times.
The 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, 53, owns the LNM Group, one of the world's biggest steelmaking companies, and is based in Britain. In February, Forbes magazine ranked Mittel 62nd in its list of the globe's richest billionaires with a fortune worth $6.2 billion.
The property has garage space for 20 cars, Turkish baths, a ballroom, an oak- paneled picture gallery and an ornate basement pool.
If you are in the market, but looking for something slightly less expensive, check out The Hills Residence.
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