Cream of the fashion world descend on London as daughter-in-law of Indian billionaire Lakshmi Mittal hosts annual party at her palatial home
- Annual event celebrates recipients of the 2018 BFC Fashion Trust grant
- Party was hosted my Megha Mittal, daughter-in-law of wealthy steel magnate
- She was joined by fashion power players Tania Fares and Sian Westerman
The cream of London society descended on the capital tonight for very stylish knees-up held by the British Fashion Council.
The star-studded soirée was hosted by Megha Mittal, the fabulously wealthy daughter-in-law of steel magnate Lakshmi Mittal.
The achingly stylish evening, co-hosted by fashion power players Tania Fares and Caroline Rush, will see the recipients of the 2018 BFC Fashion Trust grant announced.
Megha stunned in a sweeping floral maxi dress, teamed with an oversized cardigan and statement earrings.
Guests descend on Kensington tonight for a star-studded soirée was hosted by Megha Mittal (second left), the fabulously wealthy daughter-in-law of steel magnate Lakshmi Mittal
Megha, who took over luxury label Escada in 2009, oozed boho chic in an oversized knitted cardigan featuring bobble sleeves which she threw on over her colourful maxi dress
Woman of the hour: Megha (far right, with Tania Fares and Sian Westerman) stunned in a sweeping floral maxi dress, teamed with an oversized cardigan and statement earrings
She was also joined by designer Emilia Wickstead, Nicholas Kirkwood boss Sian Westerman, and beauty tycoon Maria Hatzistefanis.
Former Goldman Sachs analyst Megha is a wealthy fashion tycoon who has been at the helm of luxury label Escada since 2009.
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The star-studded annual knees-up is traditionally held at her palatial London home on Palace Green, just a stone's throw from Kensington Gardens.
Last year's glittering guest list included Martha Ward, Donna Air and Lara Mullen.
Stylish guest list: Teija Eilola, Marta Marques, Matthew Harding, Paulo Almeida, Sofia Prantera and Nabil Nayal at the 2018 Fashion Trust Grant Recipients Announcement tonight
The hosts were joined by Nicholas Kirkwood boss Sian Westerman, beauty tycoon Maria Hatzistefanis (left) and fashion designer Emilia Wickstead (right)
WHO IS LAKSHMI MITTAL?
Billionaire Lakshmi Niwas Mittal was born into an Indian Hindu business family in 1950, one of four children.
He graduated from the University of Calcutta and in 1976 followed in his father's footsteps by opening his first steel factory.
Mittal was named as the wealthiest man in the UK for six years in a row according to the Sunday Times Rich List - but came in at fifth place in 2018.
Billionaire Lakshmi Niwas Mittal was once the wealthiest man in the UK
In 2011 he was ranked the sixth richest man in the world but dropped to 21st place in 2012, due to having lost $10.4billion the previous year.
The steel magnate, 67, provides the steel for one in four of the world’s cars and his family has a stake in Queens Park Rangers football club.
His father built a steel firm in India and the metal industry has been a part of his life since childhood.
He made his billions by acquiring and turning around underperforming rivals across the globe.
Mittal has lived in London since 1995 and owns three houses in Kensington Palace Gardens worth more than £300 million.
He once owned the world's most expensive house (£57m in west London).
In 2008, he spent £70m buying a home for his daughter Vanisha after her marriage to Amit Bhatia, having splashed out $78m on the ceremony.
Last year, David Cameron was caught on camera telling Mr Mittal that Brexit had been 'a mistake, not a disaster'.
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