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But changes to the tax regime means that properties owned in such a way will now be covered by inheritance tax, forcing their owners to look for other ways to put off paying up.
Financial experts say many could hand over their property empires to their children, to avoid being hit by the tax for as long as possible.
The most expensive street in the Britain is Kensington Palace Gardens.
Dubbed ‘Billionaires Row’, the average home on the street is worth over £25 million.
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By owning the houses through offshore companies, the wealthy foreigners were not subject to the levy.However, he has already proven over the last year that he is set for incredible fame and fortune as a solo artist after his debut single, "Pillowtalk," went straight to the top of the sales charts in both the UK and the US this month.Net worth: £33 million (.53 million) Age: 22 Styles is the most widely recognised face of "One Direction," thanks to his relationships with high profile women.The court heard Almahri initially claimed he was not guilty of murder because his responsibility is diminished by mental illness.The trial was due to last four weeks - but was halted when he pleaded guilty.
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Net worth: £35 million ($50.41 million) Age: 26 Watson, much like her peer Daniel Radcliffe, gained worldwide fame and fortune from starring in the "Harry Potter" movies.