Come here often? Make XFINITY.com your homepage » close

close

Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

The World's Top 10 Billionaires

6. Lakshmi Mittal

Net Worth: $31.1 billion UP
Source: Steel
Citizenship: India

Net profits at his ArcelorMittal, world's largest steelmaker, were up 18-fold to $2.9 billion in 2010 due to recovery in steel demand and higher margins. Group spun off its stainless steel unit into Aperam, a new listed company, and also acquired Canadian miner Baffinland Iron Mines. Funding a 377-foot sculpture called ArcelorMittal Orbit in London's Olympic Park for the 2012 Olympics. Europe’s richest resident who lives in London, he bought Alderbrook Park, a 340-acre country estate outside of the city, where he plans to build an eco-friendly country mansion for a reported $40 million. Daughter Vanisha acquired stake in Roc Capital Management, a New York hedge fund. Daughter-in-law Megha owns German fashion house Escada.

(Lefteris Pitarakis/AP Photo)

More from Forbes:

The World’s Richest Women Billionaires 2011
The World’s Youngest Billionaires 2011
Notable Newcomer Billionaires 2011

Ad Info - Ad Feedback

Ad Info - Ad Feedback

Loading...