29 November, 2020

1.5 Billion Pound Man

Steel magnate Laxmi Mittal is catapulted into big time with his new ranking as the richest Indian in the world

1.5 Billion Pound Man

THE billionaire who came in from the blue. Unheard of in London a year ago, this chattering city now finds him settled at the top of The Sunday Times millionaire list—the sizing up of big money stardom that has turned business success into a society coup. And in a city where such money rankings sit like epaulets on a general's shoulders, Laxmi Mittal, as the seventh richest person in Britain, is now Billionaire-in-Chief among Asians.

A steel magnate who moved his office to London from Jakarta only last year, Mittal suddenly has a £1.5-billion prefix before his name, making him six times richer than the Queen of England, and putting him ahead of the Hindujas and fellow steel magnate Swraj Paul. And making him the world's richest Indian.

 The list has done more for Mittal than the PR firm he hired last year to let the world know who he is and what he does. After they shifted residence to London, Laxmi Mittal, 47, and his wife Usha Mittal, a director in his company Ispat International, moved fast to be seen at the right...



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