The India-born metals mogul owns 41 percent of ArcelorMittal, the world's biggest steelmaker. He is the Luxembourg-based company's largest shareholder, as well as a director of Goldman Sachs. The U.K. resident owns several London properties, including mansions on "Billionaires Row" near Kensington Palace, and holds a 34 percent stake in the Queens Park Rangers soccer team.
Queens Park Rangers, the London soccer team part-owned by billionaire steel magnate Lakshmi Mittal and AirAsia Bhd. Chief Executive Officer Tony Fernandes, plans to develop a 40,000-seat stadium in west London.
Nelson Mandela emerged from 27 years in apartheid jails in 1990 pledging to seize South Africa’s mines and banks. Four years later, his government slashed spending and courted foreign investors, paving the way for the longest period of growth in the country’s history.
ArcelorMittal’s shares are primed to rebound as European manufacturing emerges from an almost two- year slump, spurring demand for output from the world’s biggest steelmaker, according to Macquarie Group Ltd.
On a grassy plain an hour’s drive southwest of Moscow, Vladimir Lisin has started producing steel at a newly completed plant. That’s something rival metals billionaire Lakshmi Mittal hasn’t achieved in Europe.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.