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.
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.
Roc Capital Management LP, the hedge-fund firm that counted Deutsche Bank AG and the daughter of billionaire Lakshmi Mittal among its investors, is liquidating its main fund after losing money, according to a person with knowledge of the firm.
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.
It's hard not to enjoy Boris Johnson. As much of Europe, including the U.K., turns inward and throws up fences in vain attempts to ward off a global economic storm, London's mayor is arguing for open borders and trying to poach investors from France.
Wilbur Ross of WL Ross & Co. and his wife, author Hilary Geary Ross, helped host a fundraising dinner last night to support the restoration of Blenheim Palace in Woodstock, England, the birthplace of Winston Churchill.