Heir to $27 Billion Bharti Fortune Joins Britain's Wealth Exodus
An heir from one of India's richest families, the top shareholder in UK telecommunications giant BT Group Plc, has relocated from Britain amid tax hikes on the nation's wealthy residents.
Shravin Bharti Mittal, 37, now lists the United Arab Emirates as his residence after previously listing the UK, according to a registry filing for part of his billionaire family's namesake conglomerate, which owns 24.5% of one of Britain's largest mobile and broadband companies. Representatives for the Bharti Mittal family, who have a combined fortune of $27.2 billion, according to the Bloomberg Billionaires Index, didn't immediately respond to emails and calls seeking comment.
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