Wednesday, 4 April 2012

21.Lakshmi Mittal

Lakshmi Mittal
Net Worth
                $20.7 B As of March 2012
At a Glance
  • Chairman, ArcelorMittal
  • Age: 61
  • Source of Wealth: steel
  • Residence: London, United Kingdom
  • Country of Citizenship: India
  • Education: Bachelor of Arts / Science, St Xavier''s College Calcutta
  • Marital Status: Married
  • Children: 2
Forbes Lists
Lakshmi Mittal lost $10.4 billion in the past year, more than anyone else in the world, and drops out of the top 10 rankings for the first time since 2004. Shares of his ArcelorMittal, the world's largest steelmaker, tanked due to surging costs and tepid demand in Europe. Company is expanding mining interests, though it backed out of option to acquire Australia's Macarthur Coal for $4.9 billion with Peabody Energy. Expansion in his native India where Mittal plans to build steel mills, has faced delays. Son Aditya, company's chief financial officer, was given responsibilities for Europe, sparking speculation about succession. Commissioned for the 2012 Olympics, the 377-foot tall Mittal-funded AreclorMittal Orbit is the U.K.'s tallest sculpture. [...] more

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