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Market Watch

Lakshmi Mittal

Executive Chairman, ArcelorMittal

Birth DetailsJune 15, 1950 | Sadulpur, Rajasthan, India

NationalityIndian

LeagueBusiness Leader

EducationB.Com, St Xavier’s College, Kolkata

Net Worth$15.1 billion (as of February 24, 2021)

Lakshmi Mittal's Assets:

ArcelorMittal
Aperam
HPCL-Mittal Energy

Lakshmi Mittal's Journey so far ...

After completing his education in Kolkata, Lakshmi N Mittal did a brief stint in his family’s steelmaking business. In 1976, he moved to Indonesia to set up his own steel mill
After over a decade of running the mill successfully, he was ready to look at new vistas Soon, he went shopping and acquired several companies across North America, South America, Europe, South Africa and CIS countries in a bid to globalise his business
One of his most successful strategies was to take over loss-ridden businesses and turn them around
Mittal Steel was formed in 2004 after the merger of his companies Ispat International and LNM Holdings, followed by the acquisition of the International Steel Group. This consolidation marked Mittal Steel as the world’s largest steelmaker
After a long struggle, his group merged with Arcelor in 2006 to form the Luxembourg-headquartered ArcelorMittal
He joined Goldman Sachs as a member of its board in 2008
Today, ArcelorMittal is a global giant with interests in mining, energy and refining. The company has its reach in 60 countries, and reported a revenue of $71 billion in 2019
Currently, Lakshmi Mittal owns 36% shares of ArcelorMittal, 41% of Aperam and 49% of HPCL-Mittal Energy. He is also one of the richest individuals in India
The Government of India awarded him the Padma Vibhushan -- the 2nd highest civilian award of the country -- in 2008
In February 2021, Mittal stepped down as CEO of ArcelorMittal and was succeeded by his son Aditya. He was later appointed as the company's executive chairman.

Before you go ...

Among his real-estate possessions are 3 luxurious mansions in the London’s Billionaires Row on Kensington Palace Gardens which are collectively worth around $350 million
The otherwise private person, Lakshmi Mittal gained quite a lot of eyeballs during his daughter’s wedding in 2004 which was an approximated $60 million affair in Paris widely covered by the world media

Last Updated: 24/02/2021

Lakshmi Mittal News

Mittal family-led consortium to acquire Rajasthan Royals in $1.65 billion deal
The Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, is set to acquire a significant 75% stake in the Rajasthan Royals franchise. This deal, valued at approximately $1.65 billion, includes associated global teams. Adar Poonawalla will hold an 18% stake. The transaction is anticipated to conclude in the third quarter of 2026, pending necessary approvals.
$16.5 billion in a year! Mukesh Ambani leads India’s 2025 billionaire wealth surge
Mukesh Ambani led India's billionaire wealth surge in 2025, adding $16.5 billion as Reliance Industries rallied nearly 30%. Gautam Adani also saw his fortune grow by $5.9 billion following a clean chit from Sebi. Conversely, Shiv Nadar and Azim Premji experienced wealth declines amid IT stock downturns.
UK Budget: Stealth tax hits affluent, future wealth taxes loom
Britain's latest budget introduces new taxes, affecting affluent individuals and potentially causing a brain drain. Chancellor Rachel Reeves faces challenges in balancing promises and economic forecasts. The government's tax plans aim to support the NHS, but concerns arise about professionals leaving the country. The article suggests Britain needs to focus on domestic business growth and retaining wealth.
Use wealth to control your surroundings
Wealthy individuals like Lakshmi Mittal and Rikki Agarwal are relocating to countries with more favorable tax policies and better quality of life. Mittal's move from Britain to Switzerland and Dubai precedes anticipated tax hikes, while Agarwal seeks improved living conditions in Bangkok. This trend highlights the global competition for attracting high-net-worth individuals.
What is Dubai’s Naïa Island? Lakshmi Niwas Mittal reportedly set to relocate from UK
Lakshmi Mittal, a prominent steel magnate, is shifting his primary residence from the UK to Dubai and Switzerland. This move follows proposed tax changes in the UK affecting wealthy individuals. Mittal has expanded his property holdings in Dubai, including a new estate on Naïa Island. This trend highlights Dubai's growing appeal as a tax-friendly destination for global wealth.
Squeeze the super rich? Flight of 'Lakshmi' is the risk
Billionaire Lakshmi Mittal's move from the UK to Switzerland and Dubai signals a broader European challenge in taxing the super-rich. His departure, driven by UK inheritance tax concerns, highlights the mobility of global capital and the risk of wealth migration when tax policies become perceived as punitive.
Mantena wedding is a turning point for big fat Indian shaadi
India is becoming a top wedding destination. Wealthy Indians are now celebrating their weddings at home instead of abroad. Foreign couples are also choosing India for its rich culture and beautiful venues. This shift reflects growing national pride and improved hospitality. The 'Wed in India' movement is now a significant cultural export.
Billionaire Lakshmi Mittal quits UK for Switzerland, Dubai ahead of proposed taxes on super-rich
Steel magnate Lakshmi Mittal is leaving the UK for Switzerland and Dubai, citing concerns over the Labour government's tax reforms, particularly inheritance tax. After three decades as a prominent figure in British business, Mittal's departure signals a shift amid increasing fiscal pressures on the wealthy.
India refiners set stage for slump in Russia oil purchases
Indian refiners, responsible for over half of the nation's Russian crude imports, have halted purchases for upcoming months. This decision follows US sanctions on major Russian producers, leading top buyers like Reliance Industries to cease Russian cargo acquisition. Smaller entities also paused deals due to secondary sanction risks.
Mittal-HPCL JV halts Russian oil purchases after fresh sanctions
HMEL has stopped buying Russian oil due to new Western sanctions. The company stated it cannot confirm past deliveries involving sanctioned ships. HMEL buys crude on a delivered-at-port basis. This means they are unaware of earlier transport details. Top refiners Indian Oil and Reliance Industries are also complying with sanctions.
HPCL-Mittal Energy JV suspends Russian oil buy; says ships that delivered oil not under US sanctions
Steel tycoon Lakshmi Mittal's energy venture HMEL has stopped buying Russian crude oil. This decision follows new sanctions imposed by the United States, European Union, and United Kingdom. HMEL stated it previously received Russian oil on a delivered basis with unsanctioned ships. The company ensures all its transactions comply with government policy and regulations.
Lakshmi Mittal’s energy venture buys Russian oil shipped via US-blacklisted vessels: Report
Steel tycoon Lakshmi Mittal’s energy joint venture has purchased Russian oil transported on vessels under U.S. sanctions, according to a Financial Times investigation based on satellite imagery, shipping data, and customs records.
Former ArcelorMittal deal whiz Sudhir Maheshwari buys Gujarat met coke unit
Sudhir Maheshwari-led Synergy Capital acquired Saurashtra Fuels' Mundra plant, becoming a major independent metallurgical coke producer in India. This strategic Rs 2,000 crore investment aims to secure scarce raw material, with operations resuming by Q4 2025. Synergy also plans greenfield power generation and a ferro-alloy plant, leveraging the site's proximity to key ports.
Firm linked with Laxmi Mittal buys Lutyens’ bungalow for Rs 310 crore
Gentex Merchants Pvt Ltd, linked to Lakshmi Mittal, acquired a 3,540 square yard bungalow on APJ Abdul Kalam Road in Delhi's Lutyens’ Bungalow Zone for Rs 310 crore. The property was previously owned by Yashwant Singh, who recently purchased a bungalow in Golf Links. This transaction highlights the continued demand for high-value properties in India's most prestigious neighborhood.
‘Britain has gone to hell’: Why billionaire John Fredriksen is leaving the UK for Dubai
Shipping magnate John Fredriksen, once a UK resident, is relocating to Dubai due to Britain's tax reforms, including the abolishment of non-dom status. He's selling his £250 million Chelsea mansion and closing his London business. This move reflects a broader trend of billionaires leaving the UK for tax-friendlier environments like the UAE, which is becoming a global wealth hub.
Verdict on Mittal Group's USD 400-mn claim against Bosnia and Herzegovina likely in a month: Co official
Pramod Mittal, chairman of the Mittal Group, filed a USD 400 million international arbitration claim against Bosnia and Herzegovina, alleging breaches of the India-Bosnia Bilateral Investment Treaty. The claim stems from the breakdown of a joint venture involving Global Steel Holdings Ltd and a Bosnian state-owned company. Mittal's group seeks to recover losses and highlight risks in politically unstable economies.
Lakshmi Mittal buys luxury mansion in Dubai's Emirates Hills
India-born billionaire Lakshmi Mittal has purchased one of Dubai’s most expensive homes in the upscale Emirates Hills community, often called the “Beverly Hills of Dubai.” The Baroque-style mansion, once listed for $200 million, sold for about half that amount earlier this year. The acquisition ranks among the priciest residential deals in the city’s booming property market.
UK’s non-dom tax changes could be driving out billionaires like Lakshmi Mittal
Steel tycoon Lakshmi Mittal is considering leaving the UK due to the end of tax benefits for non-domiciled residents. This follows the Labour government's abolition of the 226-year-old non-dom tax regime, potentially prompting other high-net-worth individuals to seek tax-friendly jurisdictions like the UAE, Italy, and Switzerland.
Gopichand Hinduja richest man in UK, 2 Indians in top 10: See full list
Sunday Times rich list 2024: Gopichand Hinduja, Lakshmi Mittal, Rishi Sunak, Akshata Murty among richest people in the UK. Gopichand Hinduja of Hinduja group is the richest man in UK.
View: Lifting veil on corporate political donations via poll bonds throws troubling questions
Electoral bonds data revealed major donors' name, raising concerns about the relationship between money and politics ahead of the upcoming Lok Sabha elections. The disclosure of anonymous electoral bonds sheds light on hidden transactions and highlights the need for transparency in democratic processes.
It's biggest scam of independent India: Jairam Ramesh on electoral bonds scheme
Congress general secretary Jairam Ramesh criticized the electoral bonds scheme, labeling it as the "biggest scam of independent India" and claiming that the data shared by the Election Commission (EC) was incomplete. Ramesh emphasized the Congress's support for electronic voting machines (EVMs) but stressed the importance of using voter verifiable paper audit trail (VVPAT) to ensure vote accuracy.
Ram Mandir inauguration: Ayodhya airport ticks all boxes to receive VIPs
While the Airports Authority of India (AAI) has set up special lounges for VIP guests, the Central Industrial Security Force (CISF) has deployed about 150 personnel. The CISF has also increased its presence at the nearby airports where some of the guests will have to alight due to space constraints at Ayodhya airport, which was inaugurated by the prime minister on December 30.
Maharashtra inked MoUs worth Rs 3.53 lakh crore at WEF in Davos: CM Eknath Shinde
Highlighting the focus on tangible implementation, Eknath Shinde emphasised the acceleration of growth compared to last year. He said the state's image has been spotlighted as people-oriented with a strong emphasis on industrialisation, skilled manpower, and quick decision-making, the statement said.
Vibrant Gujarat Summit: Gujarat to get world's single largest steel manufacturing site by 2029, says Lakshmi Mittal
Vibrant Gujarat Summit: ArcelorMittal Chairman, Lakshmi Mittal, discussed the Hazira expansion project in his speech at the Vibrant Gujarat Summit on Wednesday. He highlighted the expansion as a crucial project and outlined an ambitious timeline for its completion. Mittal stated that the first phase of the expansion is expected to be finished by 2026, with the second phase concluding by 2029. Once completed, the expanded facility will become the world's largest steel plant, capable of producing 24 million tons of steel.
Kazakhstan buys ArcelorMittal subsidiary after fatal accident
Kazakhstan said Friday that it had bought the local subsidiary of steel giant ArcelorMittal after a series of fatal accidents in the country's mines. On Friday the government said it had bought the ArcelorMittal subsidiary in a deal "worth $286 million".
How billionaire Mittal’s distressed brother got a $500 million bailout far away from India
Pramod Mittal, lesser-known in the steel industry compared to his brother Lakshmi, is navigating financial turmoil. Nigeria agreed to pay nearly $500 million to settle his company's dispute, aiding his debt-laden venture. Despite Nigeria's payments to Mittal's company, creditors await settlements, highlighting the complex web of his financial troubles.
Deja vu for Lakshmi Mittal? Bidding war, national interest and a hostile union
ArcelorMittal, the world's second-largest steelmaker, is said to be considering a bid for US Steel Corp, an American icon founded in 1901 and a symbol of American industrialization. A bid for US Steel would escalate a bidding war already underway, following rival offers of more than $7 billion from Cleveland-Cliffs and Esmark. If ArcelorMittal launches a bid and is successful, it will close an important chapter in American history.
Setback for Lakshmi Mittal's bankrupt brother Pramod Mittal as his deal with creditors revoked by London court
Pramod Mittal was declared bankrupt in June 2020 over an approximately $170 million debt owed to Moorgate Industries UK Limited, previously called Stemcor UK Limited. The businessman entered into an individual voluntary arrangement (IVA) with his creditors in October 2020.
NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel
“It (resolution plan) shall be binding on the corporate debtor, its employees, members, creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and other stakeholders involved in the resolution plan,” the NCLT said in a 50-page order.
ArcelorMittal buys Brazilian steel co for $2.2 billion
ArcelorMittal, itself created though one of steel industries biggest ever takeovers, has been a compulsive dealmaker under the leadership of billionaire Executive Chairman Lakshmi Mittal. In the past few years, it's swooped to buy plants from the US to India and Italy.
Pramod Mittal is in the soup, once again: Pandora Paper Leaks
In 2012, his firms Global Steel Holdings Ltd (GSHI) and Global Steel Philippines Inc had defaulted on payments of around $348 million-plus interest to State Trading Corporation of India (STCI), prompting the state-owned company to file various cases against Mittal and the companies.
D-Mart owner RK Damani breaks into list of world’s top 100 richest people
Damani, who owns retail chain-operator Avenue Supermarts, is currently worth $19.2 billion and is positioned at 98 in the list of the world’s wealthiest individuals.
Pramod Mittal’s bankruptcy case in UK gets extended
Billionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain. But Paul Allen of specialist business advisory firm FRP, who was appointed as trustee in the bankruptcy of Mittal, took Mittal to the insolvency and companies court last week seeking suspension of his discharge.
As Gautam Adani adds $35.2 billion to his kitty in 2021, will he race past Mukesh Ambani?
Gautam Adani has added more billions to his personal wealth in 2021 than 19 other Indian billionaires together. Among the twenty Indian billionaires on Bloomberg Billionaire Index, Adani's fortunes have risen by $35.2 billion in 2021 so far.
Re-reading random pages from favourite books is Sukino Healthcare CEO's biggest stress buster
Rajinish Menon shares how he loves to bookmark and go back to them when stuck.
Balasore Alloys sees top-level exits over salary non-payment
Independent directors Rupanjana De, Sujit Kumar Majumdar, Kashi Prasad Khandelwal and Susil Kumar Pal have resigned from the board, citing non-infusion of funds by the company’s promoters as they had promised. Chief financial officer and finance director Nikun Pansari has also cited non-payment of salaries for nearly 18 months in his resignation letter.
ArcelorMittal to invest over Rs 50,000 crore in Gujarat: Vijay Rupani
During his trip to Gujarat, Mittal met Prime Minister Narendra Modi, who attended the Combined Commanders' Conference in Kevadia in the state on Saturday, Deputy Chief Minister Nitin Patel said, adding that it was a courtesy visit.
ArcelorMittal exits pandemic with shift to younger generation
Aditya Mittal, who previously worked in Credit Suisse Group AG’s investment bank, played a key role in driving the acquisition of Arcelor in 2006.
ArcelorMittal appoints Aditya Mittal as the new CEO, announces dividend payout
Lakshmi N. Mittal, who founded the company in 1976 and is currently Chairman and CEO, will become Executive Chairman.
Metal giants in race for Uttam Galva
Mittal has the highest exposure to Uttam Galva’s liabilities of Rs 9,742 crore, followed by other financial and operational creditors.
Lancet Citizens' Commission formed to develop roadmap to achieve universal health coverage in India
The Lancet Citizens' Commission will be led by four distinguished health and business leaders. The panel has been formed also in collaboration with the Lakshmi Mittal And Family South Asia Institute and Harvard University.
Pramod, Lakshmi Mittal's brother, declared bankrupt by London high court
Despite Lakshmi being the 10th richest person in India, worth $10.3 billion (Rs 75,889 crore), and ranked 91 among the world’s richest, Pramod, who lives near Hyde Park, failed to settle a judgment debt of $166 million (Rs 1,223 crore) against him in the commercial court of the high court.
ArcelorMittal Group to invest Rs 20,000 crore on capacity expansion and infrastructure in Gujarat
Mittal said this while interacting with Gujarat Chief Minister Vijay Rupani through a video conference. Mittal said that Rs 20,000 crore investment will be for further expansion of capacity enhancement in terms of land availability, captive port, railway connectivity and incentive structure for mega investments.
Mukesh Ambani, Premji, Kotak, Mittal's wealth hit by market crash; but Damani is still smiling
The nearly $19 billion fall in net worth for Mukesh Ambani was the fifth worst globally.
India added 3 billionaires a month in 2019; Mukesh Ambani richest Indian
In total, India got 34 new billionaires to take the count to 138 on the list.
D-Mart's Radhakishan Damani now India’s fifth richest, pips Lakshmi Mittal
Damani's total net worth stood at $13.30 bn on Feb 14, higher than Lakshmi Mittal’s $13.10 bn.
Corporate wrap: Suriya plays GR Gopinath in biopic; Mittal's dinner with lawyers a witty affair; Nobel niggles in Mumbai
Esther Duflo and Abhijit Banerjee at Taj, Cristiano Amon visiting India & more.
Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over by JSW Steel.
India's 10 richest people: How much they lost and gained in the past one year
Did you know that Mukesh Ambani's networth is equal to 2.1% of India's GDP? And even after losing 10% of his networth, Lakshmi Mittal is still worth $12.4 billion? Read on to see how much India's 10 richest men gained and lost in the past year.
Tata Steel unveils cost-cutting plans for Europe business, including 3,000 job cuts
A top Tata Steel official had earlier said that the steel major was looking to make European business stronger for which it would continue to explore various business options. The comments had come after its plans to merge European business with German steel giant Thyssenkrupp had fallen through. The company is now planning job cuts in Europe amid challenging market conditions.
Is SC's Essar Steel verdict key to solving India’s bad loan problem?
SC empowered banks to set the terms of the distribution of sale proceeds between creditors.
D-Street lost Rs 6 lakh cr year to date; but these billionaires still made billions
Wadia Group Chairman Nusli Wadia's wealth dropped by about $1.44 billion to $5.86 billion.
7 richest Indians took away one-fifth of the money that the market made in six months
Mukesh Ambani, the richest Indian who runs RIL, has added $7.41 billion to his fortunes.
Lakshmi Mittal's South African subsidiary facing serious environmental contravention charges
AMSA had been given more than a decade to bring about the required changes for legal compliance.
Courts, banks must fast-track Essar resolution: Sajjan Jindal, Chairman, JSW Group
Jindal feels the near-$10 billion cheque that ArcelorMittal may be writing for Essar Steel may not be viable.
ArcelorMittal to pay Rs 42,000 cr for Essar Steel takeover
The NCLAT would continue to hear the Essar Steel insolvency case on May 21.
Tata Steel will continue to explore various business options in Europe: T V Narendran
The company's aim is to make European business stronger for which it will continue to explore various business options including merger, Tata Steel Managing Director T V Narendran said.
JV break up with Thyssenkrupp marginally credit negative for Tata Steel: S&P
The steel major's Indian operation will largely be able to offset the impact of the collapse, S&P said.
Essar Steel shareholder seeks rejection of ArcelorMittal bid for firm
The plea by Essar Steel Asia Holdings Ltd (ESAHL) comes weeks after an insolvency court cleared ArcelorMittal's bid for Essar Steel
Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firms
A shareholder has moved NCLAT against Mittal's bid over his ties with loan defaulting cos run by his brothers.
Arcelor CoC rejects Royal Partners plan for KSS Petron
Mauritius-based Royal Partners (also known as RPMG Investments) has submitted a bid to buy the firm.
India's spend on research and development low, ecosystem changing now: Niti Aayog Vice-Chairman Rajiv Kumar
Kumar also said there is no joint collaboration between CSIR labs and private labs in India which needs to be looked at.
Lakshmi Mittal helps younger brother Pramod settle STC dues
The Steel magnate paid Rs 2,210 cr to State Trading Corporation to bail out brother Pramod Kumar Mittal.
Hinduja family tops Asian Rich List with £25.2 bn; LN Mittal at 2
The London-based industrial tycoons are leading the list for the sixth successive year.
Supreme Court quashes criminal cases, lookout notices against Pramod Mittal
Mittal, the younger brother of steel magnate Lakshmi Mittal, was facing multiple court proceedings in India and abroad in connection with his dues to the company.
Homecoming costs Lakshmi Mittal $7 billion in year of legal drama
Mittal’s steel company is finally nearing the end of a yearlong battle to break into India.
After IBC war Ruias & ArcelorMittal talk deal for Hazira port & power plant
Sources close to Essar Group claim that ArcelorMittal is interested in the captive assets & is on a diligence tour.
How Lakshmi Mittal's teachings helped Rishi Khosla build a billion-dollar business
Rishi Khosla is the founder of a UK-based digital banking start-up.
Nippon Steel joint venture to be equity accounted: ArcelorMittal
ArcelorMittal said in a statement that its investment in the JV will be “equity accounted”.
Asia's mega rich take a hit with $137 billion in losses in 2018
India’s 23 richest people, saw $21 billion vanish. Lakshmi Mittal, led the way, losing $5.6 billion.
Hillary Clinton, top execs of Goldman Sachs, JPMorgan attend Isha-Anand's pre-wedding gala in Udaipur
Dozens of chartered planes carrying celebrities flew into a sleepy airport.
Will pay Rs 800 crore more to STC by November-end: NRI Pramod Mittal tells SC
STC has been locked in a bitter legal battle with Global Steel Holding Ltd. (GSH), the parent company headed by Mittal, since 2005 over the dues.
Hindujas throw Diwali bash in London; Lakshmi Mittal & Sadiq Khan enjoy a vegetarian spread
One of the much-awaited Diwali parties was held in London at the Carlton House Terrace.
Liberty House to buy 3 more EU plants from Arcelor
Billionaire PIO steel tycoon Sanjeev Gupta has struck a deal to purchase three more European steel plants from ArcelorMittal.
Essar to deleverage Rs 1.25 lakh crore debt if its offer for Essar Steel is accepted
Last week, the Committee of Essar Steel Creditors picked ArcelorMittal's Rs 42,000 crore takeover offer.
Why Lakshmi Mittal was chasing Essar Steel so desperately
Mittal knows every paisa of Rs 50,000 crore he spends on Essar Steel will help him strengthen his global empire.
ArcelorMittal offers Rs 50,000 crore to buy Essar Steel
The deal includes payments to unsecured creditors and full repayment to small operational creditors.
ArcelorMittal looks to buy ownership of Uttam Galva
Uttam Galva owed lenders Rs 6,880 crore as of September last year. AM had acquired 29.05% of Uttam Galva's stake in 2009 and has since been classified as a promoter.
ArcelorMittal to sell four European plants to Liberty House to acquire Ilva
The four facilities will together add 8 MT rolling capacity to Liberty House and take it to 15 MT a year apart from adding 12,500 people to its total workforce.
You are not alone! Ambani, Adani, Birla too bled badly in stock selloff
Mukesh Ambani's wealth has fallen to $39.5 billion from $50.7 billion since August 28.
India's bankruptcy auction that wasn't, perhaps
What if Numetal does decide to pay to play? Then the long-delayed process will take a more curious turn.
ArcelorMittal's bid for Essar Steel quite high but Vedanta is most eligible: Anil Agarwal
We are eligible and we are clean; eligibility-wise we are the best, the vedanta chairman said.
Numetal raises loan defaults by firms of Lakshmi Mittal's brothers
Numetal and ArcelorMittal are locked in fierce takeover battle of Essar Steel and two are in the Supreme Court over bidding qualification.
View: Mittal's good Essar show mired in legal farce
Let the delay in selling Essar be a wake-up call as India’s insolvency law needs a further tweak.
Sundar Pichai is the most global Indian; SBI most patriotic brand, shows survey
Priyanka Chopra follows at number 2, while economist, Amartya Sen is at the third spot.
Grand vows: $74 mn wedding in Reddy family; Russian oil tycoon's $1 bn nuptials
These high-profile weddings cost more than an arm and a leg.
Vedanta's bid for Essar Steel should be considered: Anil Agarwal
Vedanta was called to bid for the debt-laden steel asset when questions arose over the eligibility of firstround bidders, Russian investment bank VTB-backed Numetal, and Lakshmi Mittal’s ArcelorMittal.
Working 'very closely' with L N Mittal on Arcelor's future strategy, says son Aditya
The world's largest steelmaker ArcelorMittal barely two months back elevated Aditya to the key position of Group President in addition to his role as Group CFO and CEO, Europe.
Undaunted by possible litigation to wrest Essar Steel: LN Mittal
The Mittals seemed unfazed having weathered 50 acquisitions in the past to grow to its current size of a 95.5-million tonne steel producer.
Lakshmi Mittal's hunt for steel in homeland
Since 2005, ArcelorMittal has been trying to set up greenfield capacities first in Jharkhand, then Orissa and in 2010 signed an MoU with Karnataka govt for a plant.
View: Time for RBI to step in and change the rules, to begin cleanup with ICICI Bank
Even if the ICICI controversy dies down, it’s a malaise that may resurface in future and creep into other banks. RBI can begin by doing its part to lift the shadow.
Made strong bid for Essar Steel: Lakshmi Mittal
"We see opportunity in Essar, that is why we put in our bid,” the company's chairman and CEO said in an interaction with TOI.
Million-Dollar Babies Of The Mega-Rich: Far Out Projects Of Lakshmi Mittal, Elon Musk
Will Essar Steel help Lakshmi Mittal come home?
Lakshmi Mittal remains a top FDI draw into the country. Will Essar Steel give the world’s largest steelmaker the breakthrough he has so long hoped for?
Of course, we would like to have steel making presence in India: L N Mittal
After at least three thwarted attempts to build a steel plant in the country, Essar Steel was a golden opportunity for a big & bold homecoming for the Mittals.
ArcelorMittal says its bid is eligible for Essar Steel
Both VTB and Arcelor-Mittal have offered resolution plans for Essar Steel, that owes more than Rs 52,000 crore to its creditors.
Aditya Mittal new president of ArcelorMittal
This nomination reflects the increasing global strategic role Aditya has across the group, supporting chairman and CEO Lakshmi Mittal, it said.
ArcelorMittal forms a JV with Nippon for Essar Steel
Under the agreement, both companies are poised to jointly acquire the Ruia family's steelmaking asset in Hazira, Gujarat, if ArcelorMittal wins the bid.
ArcelorMittal forms JV with Nippon Steel to acquire Essar Steel
The two companies have been partners for the last thirty years for two JVs in the US that produce high value-added downstream products which serve the automotive and domestic appliance markets.
Essar steel holds key to Arcelor’s India entry
The asset offers an entry point for India-born Mittal into a market where he has been absent even as he built a global steel empire from Kazakhstan to Brazil.
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