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Indian steel tycoon Lakshmi Mittal, 58, the richest man in Europe and the 4th richest man in the world, can now be known as the worldâs biggest loser after his net worth plummeted by a whopping $28 billion over the last four months due to the global financial crisis.
Mittal, a London resident who paid a record $200 million for a Georgian mansion in Kensington Palace Gardens earlier this year, still has $17 billion left, the London Times reports.
We donât yet know how Mittalâs stunning loss - which equates to $240 million / day or nearly $10 million per hour - re-positions him on the worldâs rich list as several other plutocrats have also suffered reversals, but itâs safe to say heâll end up much further down unless the stock market recovers soon.
Mittal, a London resident who paid a record $200 million for a Georgian mansion in Kensington Palace Gardens earlier this year, still has $17 billion left, the London Times reports.
We donât yet know how Mittalâs stunning loss - which equates to $240 million / day or nearly $10 million per hour - re-positions him on the worldâs rich list as several other plutocrats have also suffered reversals, but itâs safe to say heâll end up much further down unless the stock market recovers soon.
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