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.
Relativity Media LLC, the U.S. film and television producer run by Ryan Kavanaugh, is entering the Indian market in a $100 million joint venture with a Bollywood network controlled by steel magnate Lakshmi Mittal.
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.
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.
Li Ka-shing’s bid for a U.K. water utility, ArcelorMittal and Peabody Energy Corp.’s joint offer for an Australian coal exporter and a Malaysian oilfield services merger have combined to set up July to become the biggest month for deals in the industries for four years.
ArcelorMittal, the world’s biggest steelmaker, said it expects an earnings recovery in 2013 after posting the lowest quarterly profit in three years as the European debt crisis eroded demand for the metal.