Lakshmi Mittal

6 Stories

London Plans 'Rival Eiffel' for Olympics

Boris Johnson unveils plans for 400-foot 'Hubble Bubble'

(Newser) - London is building a tower for the 2012 Olympics that officials hope will become as iconic as the one Gustave Eiffel built for the 1889 World's Fair. The 400-foot-tall structure of coiled metal, designed by artist Anish Kapoor, will tower over the Olympic site in East London. The spiral "... More »

Carlos Slim Overtakes Bill Gates as World's Richest

Mexican businessman's net worth is $53.5B, Forbes estimates

(Newser) - Mexican businessman Carlos Slim has overtake Bill Gates to become the world’s richest person, with Forbes’ annual estimate giving him a net worth of $53.5 billion—a hair more (well, to them) than the Microsoft founder’s $53 billion even. Investor Warren Buffet ($47 billion) is third, followed... More »

UK Billionaires' Ranks Halved in Downturn

Wealthiest lose collective $228B

(Newser) - The number of UK billionaires has been almost cut in half by economic woes, from 75 to 43, with the country’s wealthiest having lost a collective $228 billion, the Times of London reports. The hardest-hit was steel magnate Lakshmi Mittal, who remains Britain’s richest man despite having lost... More »

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:
  1. 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
... More »

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... More »

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... More »

6 Stories