News on non resident indians |
|
|
November, 2005
NRI richest man in europe
|
|
Non-Resident Indian business tycoon Lakshmi Mittal, who owns world's largest
steel company Mittal Steel, has emerged as the richest man in Europe with a
wealth worth 24 billion euros, a study has said. According to media
reports, the study undertaken by the Luxury Institute, a research
organization specializing in the super-wealthy claimed 53-year-old Mittal
now tops the list of 50 wealthiest people in Europe.
The Institute's study will appear in next month's issue of European Business
magazine. "His NYSE-quoted steel company had a brutal 2005 but he keeps
doing the deals and creating the wealth. His high-profile October
acquisition of a Ukrainian plant underlines that there's yet more to come,"
the magazine said in reference to the CEO of Mittal Steel.
Mittal Steel, which is 88 per cent owned by the Mittal family, plans to buy
a controlling stake in South Africa's second largest steel producer Highveld
and increase its share of global steel making capacity as demand from China
more snippets...
We appreciate your feedback, please write to us by using our contact form
|
 |
NRIOL Search Comprehensive search page...
NRIOL Site Map Listing of what is contained in this site
Contact NRIOL Give us your feedback or report any problems
|
|
