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The steel billionaire who bought one of the most expensive homes in London and built it with stone from the same quarry as the Taj Mahal has put his 262-foot superyacht up for sale. The Aalto features a Portuguese-style bridge, a stabilized pool table, and a stellar wellness center.

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Via Charterworld


With residences on two continents, a $16 billion fortune, and the distinction of hosting the first private event at the Palace of Versailles by spending $60 million on his daughter’s wedding, Laxmi Mittal epitomizes billionaire grandeur. The final touch to his luxurious lifestyle is a superyacht, and he sails aboard one of the most exquisite vessels—the 262-foot Aalto superyacht. Mittal, who resides in one of the world’s most expensive homes located in Kensington Palace Gardens in West London (purchased for $90 million in 2004), owns the $125 million luxury vessel built by Oceanco, designed by Nuvolari Lenard, with an interior by Alberto Pinto.


This 2007 yacht is now listed for sale at an asking price of $89 million, looking just as stunning as the day it was delivered. The motor yacht was ahead of its time and continues to impress onlookers as a timeless ship equipped with features fit for a king. Let’s take a closer look at the astonishing Aalto motor yacht.

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The amazing Aalto superyacht-

For the 74-year-old chairman of ArcelorMittal—the world’s largest steel and mining company by output—life on land is nothing short of opulent, and it’s only fitting that his presence at sea matches this grandeur.

Lakshmi Mittal’s Kensington home.

The London-based steel magnate, who owns three homes in Kensington Palace Gardens valued at over $390 million, finds his maritime counterpart in the Aalto superyacht. This magnificent vessel not only reflects his esteemed stature but also marked a new era for shipbuilder Oceanco, catering to the growing demand for 80-meter-plus yachts.


This ship made subtlety desirable, accommodating 12 guests in eight cabins, with the owner’s suite being the pièce de résistance. Occupying over half of the upper deck, this palatial accommodation boasts not one but two Jacuzzis and a Portuguese bridge. The suite includes an office, his-and-hers bathrooms with a grand central bathtub, a walk-in wardrobe, and the best vantage point on the yacht.

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Esteemed guests also enjoy regal treatment in the VIP rooms and unparalleled amenities, including a heated swimming pool, massage room, hairdressing salon, gym, cinema, helipad, and a stabilized pool table. The tender garage is packed with an arsenal of toys and tenders, including jet skis, sea bobs, inflatable slides, and more. The 2,310 GT vessel, powered by twin MTU diesel engines, has a range of 5,500 nautical miles at 14 knots, with a top speed of 20 knots. This luxury vessel can be chartered for $862,000 a week.

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Neha Tandon Sharma
With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.

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