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December 2, 2008 10:46:49 PM CST


Lakshmi Mittal

Lakshmi Mittal news stories

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ANALYSIS


 These 5 People 
 Lost the Most 
 This Year 

Think your 401(k) has taken a hit? One tycoon has taken a $32B bath

(Newser) - Think you've taken a bath in the markets? Business Sheet compiles this year's five biggest losers: Warren Buffet Loss: $13.6 billion. Though he’s bought when others wouldn’t and come to the rescue of many (Goldman and GE, to start), losses dropped the famed investor’s liquid wealth to a paltry $48.1 billion. Mukesh Ambani Loss: $28.2 billion. Ambani controls Reliance Industries, the world’s largest polyester producer. Though he overtook Lakshmi Mittal as India’s richest individual this year, his investments still took a hit. More »

More about:  Financial Crisis list Warren Buffett Sheldon Adelson Lakshmi Mittal Mittal Steel Mukesh Ambani

India's Growing Riches Buoy Olympic Hopes

Billionaire bankrolls effort to increase
medal haul in 2012

(Newser) - India is not a nation known for its Olympic prowess—it's never even won more than two medals in one Games—but Indian billionaire Lakshmi Mittal wants to change all that, the Christian Science Monitor reports. The Mittal Champions Trust is spending millions to train and prepare India's elite—often dissuaded from seriously pursuing sports in the past—for the 2012 Olympic Games. More »

More about:  India sports athlete 2012 London Olympics Lakshmi Mittal

Indian Athletes Aim for Gold on Billionaire's Buck

Trust seeks to boost Indian medal count

(Newser) - Young Indians are training for this summer’s Olympics with the backing of a London-based billionaire steel magnate, the Wall Street Journal reports. Lakshmi Mittal was dismayed by India’s poor showing at Athens in 2004—where the burgeoning superpower earned only a single silver, while archrival China won 32 golds—and founded the Mittal Champions Trust to identify and support promising athletes. More »

More about:  2008 Beijing Olympics India Olympic Games Bangalore billionaires Lakshmi Mittal archery Mittal Steel

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