PHOTO: Businessman Sanjeev Gupta, otherwise known as the “man of steel.” Photo: Nic Walker
Billionaire industrialist Sanjeev Gupta has made his name globally as the “man of steel” for redeveloping troubled steel and metals industries, but is less known for his penchant for grand historic houses.
His taste in housing has not gone unnoticed by many of Sydney’s trophy home owners, however. Since Gupta and his wife Nicola moved to Sydney in 2016, and took up residence in businessman Ian Joye’s $30,000-a-week Bellevue Hill estate Barford, the couple had been cited as fairly regular house hunters.
They were hoped-for buyers of Singaporean tycoon Chio Kiat Ow’s Vaucluse waterfront estate Phoenix Acres before it sold to hotel mogul Jerry Schwartz for $65.25 million in late 2017, the Elaine estate in Point Piper before tech boss Scott Farquhar bought it for $71 million and they looked at buying Bellevue Hill’s Rona estate before it sold for $58 million last year.
Through it all, the third-generation industrialist has been making headlines around the world as he transforms his Liberty House Group from a family business empire to a global industrial powerhouse with an annual turnover of close to $20 billion.
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