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Indian steel magnate named Britain's richest man

by Stuart Matthews on Apr 25, 2010

  23 Comments
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The steel industry has made Mittal Britain's richest man.
The steel industry has made Mittal Britain's richest man.

RELATED ARTICLES: Steel suppliers fear repeat of 2008 price hike | Rio Tinto joins steel reform as local costs mount

Lakshmi Mittal and family have topped the rich list in the UK’s Sunday Times newspaper.

Mittal heads up the world’s biggest steelmaker, ArcelorMittal and has had his wealth estimated at £22,450 million (AED126,777 million), up from £10,800 million in 2009.

Nominally the richest Briton, Mittal hails from India, where his father built up the family steel operation in Calcutta.

In 2009, ArcelorMittal had revenues of $65.1 billion and crude steel production of 73.2 million tonnes, representing approximately 8% of world steel output.

Recently ArcelorMittal acquired a 28.8% stake in Uttam Galva Steels, a producer of cold rolled steel, galvanized products and color coated coils and sheets, based in western India.

ArcelorMittal has also entered into initial discussions with BHP Billiton to potentially combine their respective iron-ore mining and infrastructure interests in Liberia and Guinea within a joint venture.
 

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FEATURED COMMENT

it is nice to see indian billionaire mittal leading top on richest people in UK..itz quite nice example to reach anybody

  23 Comments




Readers' Comments


deepak (Jun 18, 2011)
abudhabi
United Arab Emirates

rich indians
it is nice to see indian billionaire mittal leading top on richest people in UK..itz quite nice example to reach anybody can anywhere but u must have vision,commitment and hard work..

Abdul Sattar Manghi (Dec 19, 2010)
Karachi
Pakistan

Hello Sir wish u all the best.
It is really great to see this artical. this in not enough the Mr.Pittal is rich but he made lot of opertunities to world community to earn.

Zakir Hussain.G.A (Aug 23, 2010)
Dubai
United Arab Emirates

Well Done LM
Mr Mittal, it is great to hear the news of you being the richest man in Britain. Congrats! May you grow more and achieve more and that more Indians follow you. Keep up the spirit and give a thought to this Indian feeling of uplifting India, economically and industrially. All the best.

Steevan D\'souza (May 15, 2010) United Arab Emirates

Congrats....
Congrats Mittalji, you made India proud. Good luck for the planned BHP deal

Alokmay (Apr 29, 2010)
Sambalpur
India

Good Wishes
I congratulate Mr. Mittal for being the richest person in UK and among the richest globally. On a lighter note, If you could improve your hairstyle that it would be great. :)

shajahan (Apr 27, 2010)
Dubai
United Arab Emirates

success of mittal
really great. wish this will be inspiration to all indians. congrads shaj

Salim Baig (Apr 26, 2010)
Dubai
United Arab Emirates

PROUD TO BE AN INDIAN
Proud to be an INDIAN. Imagine just a mere 63 years ago the BRITISHERS left India after ruling for more than 150 years after leaving it impoverished. And here is an INDIAN, named as the richest BRITON living in the United Kingdoms. That too he started from scratch and made it to the top.... Way to go Mr. Mittal..... You make us proud.....

Muhammed Azeem (Apr 26, 2010) United Arab Emirates

Good Luck
Dear Mr.Mittal Please invest part of your fortune in the infrastructure development and education of underprivileged in India.

shahid (Apr 26, 2010)
Jeddah
Saudi Arabia

True Question
Congrats! for being NO:1 And fulfilling your Dreams After going through all this for being No:1 , please also full fill the wishes of your love ones who really care for you ( Wife, childrens ,brothers & sister) Please give them time too. Truth is ! they miss you a lot.

Engr Mohammed Shamsher Ali, (Apr 26, 2010)
Riyadh
Saudi Arabia

Congrats ,,,
Mr Mittal, Congratulation, your success has raised the heads of all Indians. May Allah keep you and your position atop all industrialists of the world.

Mir Osman Ali (Apr 26, 2010)
Riyadh
Saudi Arabia

Congratulations - Best Wish's for Future
I believe success of the company shows, the interest & dedication of the owners to their business and skilled and qualified employees- We are PROUD of you- Proud to be an Indian. I Wish you all the best and success in the future.

Rtn. PHF. Mohan N Kunte (Apr 26, 2010)
Manama
Bahrain

Congrats Mittalji !!!
Mittalji, Badhai Ho!!!( Mr. Mittal, Congrats!!!)You made India proud,thanks. You made more than enough money as an NRI but now please make india too rich,live and healthy by way of investing back in India heavily starting new projects, takingover of sick Industries etc. By this way you can make India live and happening country creating new employment opportunuity to millions of (your own brothers)Indians. After all by this way you will pay back the gratitude to your mother India. Indian politicians are amassing wealth and siphoning money out of country to swiss banks at least you can bring back the wealth by investing in your own country and inturn you will get returns. Money makes many things, how much more money you want to earn? reality is which you can not take it with you and leave everything behind when you go.Atleast earn some blessings from your mother country.

Muhammad Rafikh Moodbidri (Apr 26, 2010)
Jeddah
Saudi Arabia

Congradulations to Indians
Its proud to hear the news of Mr. Mittal and as an Indian, its proud for us. Our country as whole should be uplifted economically and develop overall to have better standard of living as I feell there is much inequality in standard of living. Necessaries of life should be provided without any scarcity - like water, bread and electricity.

ABBAS (Apr 26, 2010)
Mumbai
India

Best Wishes
Congratulations to you sir,I am from construction industry wilth steel as main source of usage.It si quite nice to see Indians flourishing all over the world.God Bless India and Indians.

Mohammad Wasim (Apr 26, 2010)
Dubai
United Arab Emirates

Congratulation to Steel Giant from India
Congratulation to the steel giant from India. Really we feel proud to be an Indian due to you peoples. From the bottom of my heart I pray to God to give you good health and give more & more success in your life. I am from construction industry but when sombody talk about steel and say Indians are no 1 in steel industry and only due to Mittal group really as an Indian I feel proud and only due to you. You make us feel proud it means all Indians feel proud. Hat's off to you and salute to you Sir. Thanks & Regards

Googy (Apr 25, 2010)
Sharjah
United Arab Emirates

Congratulations
My hearty congratulations to you and all who stood beside you in your efforts to grow up. It would be great to hear your story of growth as an inspiration to all people who are striving to grow and in which I am also one with a small job in a publication field. Kindly let me know more about your growth so that I can write more and inspire people who break down and give them moral support whole heartedly as it is the only thing I can give right now

Janusz Pik (Apr 25, 2010)
London
Poland

Meeting Janusz Pik
My name is Janusz. I am interested in meeting with you. social purpose of the visit. Janusz

Sathyadas Purushothaman (Apr 25, 2010)
Alleppey
India

Sweet News
I am Sathyadas Purushothaman from Alleppey District, in Kerala State of India. As an Indian,I hear this news as very Nice & sweet. Please accept my hearty congragulation for you and family.

Murtaza Sakarwala (Apr 25, 2010)
Muscat
Oman

Rich Indian.
Congratulation to Mr.Lakshmi Mittal, Hats off to you ! you have made India proud. I wish you all the best to become the Riches Indian in the world.

vinitha bhatia (Apr 25, 2010)
dubai,
United Arab Emirates

steel
Congratulation Mr.Mittal.Proud to be Indian and making India proud. I am into Steel scrap. I buy steel rebar endcuts.As I am also Indian I would definetely want to be slightly close to you. If any steel scrap please do let me know as I would love to buy.. I am on facebook as vinitha pravin bhatia. Awaiting yur reply.Thanks a ton

STEVE ARZOUMANIAN (Apr 25, 2010)
KUWAIT
Kuwait

Indian steel magnatenamed Britain's richest man
Lakshmi Mittal and family I will ask them, not because they top the world's biggest steel makers, but just being in the business of steel making, that in their business lifetime did they see any set back in their business? Similarly, other smaller companies in the same field follow the road map. It is the same like petrol, it rises up and down on the account of the profit only without seing the below 0 line. Like petrol, the need for the steel is being increased worldwide, because of the heavy need in consstruction projects, steel bridges, high rizing buildings with more reinforcements against earthquakes, etc..

JG (Apr 25, 2010)
dubai
United Arab Emirates

Mittal
It is great to hear that UK's most wealthy man is an Indian - Proud to be Indian.

Ashok Kumar (Apr 25, 2010)
Doha
Qatar

Best wishes
May God bless you, you have made whole world proud


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