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'Mittal richest in Europe, Ambanis world's richest together'


LONDON: Indian-born steel tycoon Lakshmi Mittal is the richest man in Europe with his fortune estimated at a staggering 27.7 billion pounds, even as he emerged as Britain's wealthiest person for fourth year in a row.

Over all, the steel baron, whose wealth saw a whopping increase of 8.5 billion pounds in a year, is the sixth richest in the world, a rich-list published by the Sunday Times said today.

His company ArcelorMittal is now worth more than 57.2 billion pounds and the Mittal family's 43 per cent stake is worth 24.6 billion pounds.

According to the list, the Ambani brothers, Mukesh and Anil, although they have parted ways, together were rated as the richest in the world at a combined worth of 43 billion pounds, ahead of America's Walton family, owners of Wal-Mart (38.4 billion) and Microsoft chief Bill Gates Protected content pounds).

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