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14 Aug 2024

Meet IND Billionaire With World's Most Expensive Yacht Worth Over Rs 1,000Cr

Meet Indian Billionaire: Lakshmi Mittal’s net worth is estimated by Forbes to be $17 billion as of April 2, 2024. He ranks as the 110th richest person in the world and the 10th wealthiest in India. Mittal’s substantial ownership in ArcelorMittal is the primary source of his wealth.

business success story

11 Jan 2024

Steel Magnate To Billionaire,The Saga Of Lakshmi Mittal's Rise Global Business

Lakshmi Mittal, the Indian-born steel magnate, achieved global success by transforming his family's steel business into the world's largest steel producer, ArcelorMittal, through strategic acquisitions and efficient management.

10 Richest Indians

07 Oct 2021

In Pics: Top 10 richest persons in India in 2021

Richest Indians have increased their cumulative wealth by 50%. For the 14th year in a row Mukesh Ambani remains the wealthiest Indian, followed by Gautam Adani. India's top richest have cumulative worth of $336.4 billion.

Acharya Balkrishna

05 Oct 2017

Forbes terms Patanjali's Acharya Balkrishna as 19th richest Indian

Reliance Industries Ltd. chief Mukesh Ambani sustained India`s wealthiest position for the 10th straight year as his net worth swelled to $38 billion (nearly Rs. 2.5 trillion).

20 Sep 2017

Ratan Tata, Lakshmi Mittal, Vinod Khosla in Forbes 100 Greatest Living Business Minds

Forbes` list of top business minds included people with a variety of backgrounds.

05 Apr 2016

ArcelorMittal raises $3 billion via rights issue

Steel giant ArcelorMittal said it has successfully completed a USD 3 billion rights issue, proceeds of which will be utilised to pare debt.

08 Nov 2015

Lakshmi Mittal's S African steel plant in government bailout

The South African arm of Indian steel magnate Lakshmi Mittal's business empire has received a bailout from government interventions after earlier being at loggerheads with it over a closure that would have effectively destroyed an entire town that depended on it.

20 Oct 2015

Lakshmi Mittal's London steel tower losing money

One of London's newer landmarks, the Arcelor Mittal Orbit designed by British-Indian artist Anish Kapoor to mark the 2012 Olympic Games in the city, is losing nearly 10,000 pounds a week as tourist numbers fall short of expectations.

22 May 2015

ArcelorMittal, SAIL to set up steel plant in India

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

07 May 2015

ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion

The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.

Asian Rich List

29 Mar 2015

Top 101 in UK's Asian Rich List possess GBP 54.48 bn

According to the Asian Rich List, UK's 101 Wealthiest Asians in 2015 brought out by EasternEye - a publication of Asian Media and Marketing Group, the net worth of the people on the list has risen by 5.7 per cent over last year.

13 Feb 2015

ArcelorMittal narrows Q4 loss to $955 mn

The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.

20 Jan 2015

ArcelorMittal sells its Kuzbass coal mines in Siberia

World's largest steel maker ArcelorMittal has announced selling its Kuzbass coal mines in the Kemerovo region of Siberia to Russia's National Fuel Company (NTK).

07 Dec 2014

Steel baron Lakshmi Mittal drops down South Africa rich list

Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.

26 Nov 2014

Mittal bids for 'environmental disaster' Italian steel plant

ArcelorMittal has teamed up with Italy's Marcegaglia to bid for Ilva, a loss-making Italian steel plant at the centre of a major environmental scandal, the target company confirmed Wednesday.

15 Sep 2014

ArcelorMittal, Gerdau to sell US steel mill for $770 mn

World's biggest steel producer ArcelorMittal today said it has inked a pact with Brazil's Gerdau to sell their 50 percent stakes in US-based Gallatin for USD 770 million, as part of its strategy to divest non-core assets.

17 Aug 2014

ONGC-Mittal gives up oil block in Nigeria

ONGC-Mittal Energy Ltd, the famed joint venture of ONGC and steel czar Lakshmi Mittal, has relinquished an oil block in Nigeria after the African nation refused to relieve it of a USD 6 billion downstream investment commitment.

13 Aug 2014

Top 5 richest Indians have half of nation's billionaire wealth

Mukesh Ambani remains the richest man in the country with an estimated net worth of USD 24.4 billion (about Rs 1,49,474 crore).

04 Aug 2014

Lakshmi Mittal’s bid to buy mountain sparks protests in UK

Indian steel tycoon Lakshmi Mittal has bid for an iconic mountain range in Britain, sparking protests from local people who believe the move could make the area a playground for the super-rich.

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