Lakshmi Mittal

June 17th, 2007

He is the fifth richest man in the world with a net worth of $32 billion. His company accounts for 10% of world’s production of steel. He is Lakshmi Mittal, the steel titan, who began his career working in his father’s steel making business in India and today is the chief executive of Arcelor-Mittal, a UK based company with $80 billion in sales. Not content to dominate the steel industry, Mittal is branching out. Among his latest deals: spent $980 million for a 50% stake in Kazakh oil firm Caspian Investment Resources, a subsidiary of Russia’s Lukoil. And last but not the least he is the richest man in the UK!

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Entry Filed under: Musing

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