Topyaps Logo

Topyaps Logo Topyaps Logo Topyaps Logo Topyaps Logo

Topyaps menu

Responsive image

Lakshmi Mittal Lost 75% Of His Wealth Since 2008: Britain’s Super Rich Hit By Slump In Fortunes

Published on 24 April, 2016 at 2:33 pm By

The super-rich in Britain have seen their wealth erode the most since the financial crash.

According to a new Sunday Times Rich List, steel magnate Lakshmi Mittal losing three-quarters of his wealth as a result.

zimbio

British Prime Minister David Cameron seen here with Lakshmi Mittal zimbio

Mittal and his family, who own ArcelorMittal, have taken a £2.08 bn hit, dropping to 11th on the Sunday Times Rich List for 2016.


Advertisement

The Mittals, topped the list in 2008 with £27.7 billion — the biggest fortune achieved by anyone on the Rich List before or since. This year’s global crisis in the steel industry has sent his finances plummeting and he and his family now have a much-dwindled fortune of £7.12bn.

However, he is not alone. Oil tycoons Carrie and Francois Perrodo also slumped £2.45bn, down to £3.35bn.



The 10 men who are no longer billionaires include the founder of Matalan John Hargreaves, Crispin Odey, Lord Paul, Telis Mistakidis and Alex Beard.

Formula One champion Lewis Hamilton, 31, raced onto the list for the first time.


Advertisement

Hamilton, who is Britain’s wealthiest sportsman, is worth £106m, according to the guide to Britain and Ireland’s richest people.

Advertisement

Latest Stories

TamilRockers Leaked Nishbdham and Ka Pae Ranasingam leaked Within Hours of OTT Release

TamilRockers Leaked Nishbdham and Ka Pae Ranasingam leaked Within Hours of OTT Release


An Innovative News Platform Is Gaining Its Momentum In Asia

An Innovative News Platform Is Gaining Its Momentum In Asia


How Can You Get Survival Benefits with a Term Plan?

How Can You Get Survival Benefits with a Term Plan?


The Top 10 Rich People Who Were Once Poor

The Top 10 Rich People Who Were Once Poor


Sufiyum Sujathayum Full Movie Leaked on Tamilrockers

Sufiyum Sujathayum Full Movie Leaked on Tamilrockers


Advertisement

Most Searched

More From People

Popular on The Web