Indian tycoon Lakshmi Mittal richer than Queen of Britain

last SG · 2006-02-11T22:29:19+00:00

India GDP is growing every year. I think the rich there are richer than here. Rich does not mean how much assets u have. It is how much savings u have after...

last boy scout SG

http://business.iafrica.com/worldnews/429427.htm

BRITAIN
Steel magnate richer than the Queen
Posted Mon, 04 Apr 2005

Indian-born steel tycoon Lakshmi Mittal comfortably held onto his place as Britain's richest Asian in 2004, after more than quadrupling his wealth from the previous year to £13.5-billion ($25.6-billion, €19.4-billion), a survey revealed on Tuesday.

A business merger last year boosted the 50-year-old's fortunes from £3.5-billion, according to the annual Asian Rich List, which charts the 300 wealthiest Asians living in the country.

£30m on daughter’s wedding

Not shy of splashing his cash, Mittal spent £30-million on his daughter's wedding in France last June, where pop star Kylie Minogue provided the entertainment.

Second in line were the Hinduja brothers — Gopi, 65 and Sri, 70 — with a combined fortune of £2.1-billion, unchanged from last year, the survey said.

The pair have a substantial stake in global finance, telecommunications, film and oil operations.

Another sibling duo came in at number three on the rich list.

Uganda-born Mike, 40, and 65-year-old George Jatania enjoy a combined fortune of £650-million, also unchanged from previously.

How rich is the Queen?

Published by the commercial Asian radio station, Sunrise Radio, the list of 300 mega millionaires living in Britain also welcomed a newcomer into the top ten.

Mo Ibrahim, 58, who works in telecommunications has generated a fortune of an estimated £275-million, the survey said.

In contrast to the wealthy Asians, Britain's Queen Elizabeth II is reported to have a relatively small fortune of $660-million (€500-million, £350-million).

AFP

launtpc SG

0_o

I thought Queen is from royal family? Laughing

Overtaken by an Indian...

abao SG

it is known that the queen is just a position with no real powers, as in all constitutional monarchies. the government only allocates a portion of the budget to the royal family as expenses. how rich do u expect her to be then... Laughing

last boy scout SG

£30m wedding…..

Texcoco II SG

I m quite disgusted by these super-rich indians...frankly i think these's people antics, like the extravegant wedding held in France with invited rich politicans are just a insult to the fact that 70% of the indians are below porverty lines, these bastards asshole Evil or Very Mad

last boy scout SG

u are ignorant, and where did u get these figures from?

last boy scout SG

70% below poverty line , that is simply crazy....
How will that be, i see rich movie stars, rich directors, rich movies making big business in Bollywood......Hold Miss world pageants everywhere...Indians in Chennai and Delhi wning Mobile phones and laptops...It is a country where the rich between poor is very gap....

skeujin SG

heres my new clone phrase wen i spot a clone!

"WHY WONT U JUST DIE!!!"

Texcoco II SG

go do a search around google, use "indians" and "porverty line"

Evil or Very Mad

last boy scout SG

what's your point, all are poor?...so am i wrong? your ignorance is not my cup of tea....seems like u are one side and hell bent in proving everyne there is poor..... people like u are a disgrace...

Texcoco II SG

Actually I don't understand why are u so worked up. Just because I did a small check around the internet and presented the data which combination of rural and urban indian poor total up to 76.8% at 1999. (Yes that was 5 years ago but it is declining) Even if do not believe the figures, Ithe fact that majority of the indians are still very poor (numbered NOW at 30 million) and it is undeniable that the poor-rich gap is very wide which is quite unacceptable for a economic powerhouse.

As the topic already discussed, does indian tycoons means that all indians are poor in India? Is it a disgrace that I pointed the fact that majority of the indians are poor and u seem to justified my remark as demeaning, insult or even racist. I have many indians friends, many of them have relatives from Indiaand have went there, all have agreeing with my point. What I have said that, majority of the indians are poor, there corrrupted government hand in hand with crooked businessman sucked up the money at the expense of the very poor.

As Lakshmi Mittal and his bride enjoy his time sucking 19th century wine with invited politicians in the Versailles palace while building a temporary castle for the celebration in France, and back home the government very foolishly dump money for second hand aircraft carrier and nuclear submarines while countless indians loitered around the streets, bullied by government officials and tormented by sickness cos no money, if any survived been looted by officials came to them.

Anyway, instead of throwing "ignorance" at me, why not take a point and do a constructive agruement. I wish not all Singaporeans are like you, when disagree with other people throw up fits and starts to insults people instead of agruing politlely and prove their points

Finally, if u have misunderstood me, I would like to point out that the earlier statement was made, because i simply hated the corrupted and rich bastards took all what could hav help thse poor indians for them to enjoy all the luxury, while many indians remain poor

last boy scout SG

There is no need to act saintly smap. Your clones have just been busted, This thread is the baitground.

Texcoco II SG

Laughing hahaha what makes u think that I am SMAP? After ur reply here i came to the conclusion that u don't have any point , just stfu okay and accept my opinion and yes tell fireice that this is ur SMAP clone, ask her to do a investigation into my ip, address or watever crap, then ban me! yeah and if that happen the next nick i gonna use is "Texcoco is shit" Laughing

I promised ha!

(And yes one more thing next time if u are just adding post and tell me so that i could have not wasted my time replying and simply go msn to discuss my O level victory with my friends!)

vito_corleone SG

lakshmi works his arse off and wrecks his brains to accumulate his fortune while queen lizzie just shakes hands, dinks tea and rides round in carriages for her 900 million bucks. Laughing

zerofreeze SG

yea read about this before.. think hes the third richest man last yr on forbes list if im not wrong

newmanmback SG

k Wink

vito_corleone SG

in terms of assets but not disposable wealth. Laughing even the richest man, bill gates probably has a couple billion in disposable wealth as compared to his total fortune of 49 billion of which consists of mostly microsoft shares, same thing with mittal, warren buffet, george soros etc...

last boy scout SG

Hi SMap Wink

last boy scout SG

THis forums uses IP scripts? THen use different browsers just like SMaplionheart.

[email protected] SG

it would be quite funny for anyone to actually think the queen is rich. That crown she wears on her head is not even hers. The queen actually gets a living allowance from the UK government. Laughing

want to compare riches, compare to the billionares, not the royalty please