Ambani Leads $200 Billion Loss Among India’s Richest
Mukesh Ambani and Lakshmi Mittal led India’s richest in losing $200 billion this year as the global financial crisis triggered a plunge in stocks and property values, Forbes Asia said.The ... Read more »
Lunch with the FT: Lakshmi Mittal
It is a scene that stirs the imagination. A few months ago, Lakshmi Mittal invited to dinner at his palatial home – a neo-Palladian mansion in Kensington – the full ... Read more »
Lakshmi Mittal loses $200 million in hedge fund investment
Less than 18 months ago, Lakshmi Mittal, the billionaire businessman who made his name forging the world’s biggest steelmaker, deepened his relationship with RAB Capital. His pledge to invest $200m ... Read more »
Mittal bullish on steel outlook
Supply constraints and strong demand would put a firm floor under prices and profits for the steel industry until at least 2011, Lakshmi Mittal forecast on Wednesday. Mr Mittal, the ... Read more »
The Mittal Monopoly: Britain’s richest man buys third property on Billionaire’s Row
In these cash-strapped times, it’s a lucky father who can afford to help his children on to the property ladder. Especially when the sums involved run into hundreds of ... Read more »
Lakshmi Mittal to pay £117m for Britain’s priciest home
A neo-Georgian house on the so-called Billionaire’s Boulevard in London is to become Britain’s most expensive when it is bought by the steel industrialist Lakshmi Mittal for £117 million.Mr ... Read more »
Billionaire Helps An Indian Archer Aim for Olympics
At the Athens Olympics in 2004, steel magnate Lakshmi Mittal, like millions of other Indian sports fans, was distressed: There was hardly anyone to cheer for. Though India is a ... Read more »
Tycoon sells up to escape Barratt homes
Not everyone wants to live next door to a new Barratt home - and it seems billionaire Lakshmi Mittal is among them. As the housebuilder prepares to launch the ... Read more »
French Billionaire sells out of Mittal to fund a bank in Poland
For French billionaire Romain Zaleski, one of the key shareholders in global steel behemoth ArcelorMittal, making $1.8 billion is all in a day’s work. Zaleski’s Italian holding company, Carlo Tassara, ... Read more »
Man of steel faces up to possible downturn
For most of the past decade, Lakshmi Mittal has maintained a relentlessly upbeat stance about the outlook for the steel industry. On Wednesday, steel industry observers will get a chance ... Read more »
Mittal family to get $935-million dividends from ArcelorMittal
Billionaire Lakshmi Mittal, the steel tycoon who heads the world’s largest steel maker, and his family will make $935.4-million (U.S.) in share dividends from their stake in ArcelorMittal this year, ... Read more »
Mittal Family Buys 20% Share in Queens Park Rangers, Club Says
The family of Lakshmi Mittal, chief executive of steelmaker ArcelorMittal, bought a 20 percent stake in Queens Park Rangers, the west London soccer club at the bottom of England’s second-tier ... Read more »
Mittal is first foreigner to run China steel major
Indian-born billionaire Lakshmi N. Mittal’s ArcelorMittal, the world’s largest steelmaker, became the first foreign corporation to take over a Chinese steel company by signing a $1.8 billion deal with China ... Read more »
Mittal Will Take Part in India Oil Block Auction
Steel magnate Lakshmi Mittal plans to bid for oil and gas assets being auctioned by the Indian government as the billionaire tycoon looks to step up his family’s diversification away ... Read more »
Investor Battle Gives Mittal Opening In China
It took a nasty falling out between two shareholders for billionaire Lakshmi Mittal to get the rare opportunity to win a controlling position in a Chinese steelmaker. The steel magnate’s ... Read more »
ArcelorMittal upbeat on steel prospects
Lakshmi Mittal, chief executive and main owner of ArcelorMittal, gave an upbeat view of the steel industry’s prospects for next year after reporting a 12 per cent year-on-year increase in ... Read more »
ArcelorMittal pays $647m for Oriental stake
ArcelorMittal on Wednesday said it had bought a 28 per cent stake in Hong Kong-listed China Oriental Group, whose main asset is a mill in the northern Hebei province that ... Read more »
Abramovich and Mittal behind Russia Russneft bid-media
Russia’s richest man, Roman Abramovich, or Indian-born steel billionaire Lakshmi Mittal is the likely mystery bidder challenging billionaire Oleg Deripaska for control of oil firm Russneft, Russian media said.A source ... Read more »
Super-Rich Tax Breaks Help Drive London’s Economy
What’s Europe’s biggest tax haven? Monaco, perhaps? Andorra or Liechtenstein? No, it is the U.K.Under an obscure piece of British tax legislation, anyone who lives in the U.K., but wasn’t ... Read more »
Lakshmi Mittal may fail in China steel deal
Lakshmi Mittal, Britain’s wealthiest man, is used to getting his own way but his latest attempt to extend his global steel empire may be coming unstuck at the hands ... Read more »
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