Share |

Mittal

June 21, 2013

Lakshmi Mittal – head of family steel firm ArcelorMittal – has fought back against a businessman who bought website domain names in his name and offered them back to the UK-based billionaire at a hefty £6 million price tag.

Girl Power

April 2, 2013

The Bharti Foundation’s educational programmes aimed at India’s poorest people could dramatically improve their lives,
and change attitudes towards women.

If there is one thing that a philanthropist wants, it’s bang for their buck. One way to increase the chances that your money does real good is to address a problem where the possibility of success is great, and it’ll be clear what success looks like.

Take, for example, literacy rates among the underprivileged in India – and especially among girls. Female literacy there is appallingly low. Nationwide, just two-thirds of women can read and write, a number that falls to just half in the north-west state of Rajasthan.

Billionaires betting on football

May 6, 2011

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

Football in the UK attracts investment from prominent figures, many of them linked to family businesses including steel magnate Lakshmi Mittal and Abu Dhabi’s Sheikh Mansour. In Italy families back some of the largest clubs; the Agnellis finance Juventas and the Moratti family are behind Inter to name just a few.

Business-owning families dominate world's rich list

March 11, 2010

Mexican telecommunications baron Carlos Slim has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world’s richest people.

Mexican telecommunications baron Carlos Slim (pictured) has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world's richest people.

Slim, who runs the empire with his family, has an estimated fortune of $53.5 billion, which he increased by $18.5 billion last year. He is the first non-American to top the list in 16 years. Gates and Buffet come in second and third with an estimated $53 billion and $47 billion respectively.

Mittal family moves into luxury goods sector

November 9, 2009

Megha Mittal, daughter-in-law of the steel tycoon Lakshmi Mittal, has bought the insolvent German luxury retailer Escada AG, the company announced on Friday.

Megha Mittal, daughter-in-law of the steel tycoon Lakshmi Mittal, has bought the insolvent German luxury retailer Escada AG, the company announced on Friday.

The financial details of the deal have not yet been revealed, however the statement said it had made the agreement to sell the business to Megha through one of the Mittal Family Trusts.

Revealed: India's richest families

November 14, 2008

Some of India’s most affluent families have dominated the list of the country’s 40 most wealthy individuals.

Some of India's most affluent families have dominated the list of the country's 40 most wealthy individuals. Topping the Forbes list, with an estimated fortune of $20.8 billion, is Mukesh Ambani (pictured). His brother Anil, with whom he has an infamously turbulent relationship, came third with a fortune of $12.5 billion.

Second on the list is Lakshmi Mittal, head of steel giant ArcelorMittal. Despite a tough few months for his company, Mittal is still worth an estimated $20.5 billion.

The beautiful game

November 1, 2008

Amit Bhatia is one of a growing number who are investing in their own sports team. However, Lakshmi Mittal’s son-in-law explains why it’s not about money to Marc Smith

While many wealthy individuals are happy to leave their lifestyle investments at the latest sports car or superyacht, some prefer to pour their money into what is rapidly becoming the ultimate status symbol – buying a sports team.

From George Steinbrenner's purchase of baseball's New York Yankees to Mukesh Ambani's Mumbai Indians cricket team, the world of sport is awash with billionaires hoping to create an intoxicating but often elusive mixture of profit and sporting success.

Revealed: the wealthy families behind India’s first Olympic gold

August 14, 2008

When Abhinav Bindra won India’s first ever individual Olympic gold medal in the Men’s 10 metres Air Rifle event on Tuesday, he became a national hero.

When Abhinav Bindra (pictured) won India's first ever individual Olympic gold medal in the Men's 10 metres Air Rifle event on Tuesday, he became a national hero. But this is no rags-to-riches fairytale.

Abhinav's father, AS Bindra, is a millionaire industrialist who runs a successful agro-food business in Punjab. So determined that his son would win, he built an international standard shooting range at the family home.

Next Gen: Global playground

May 1, 2008

Next gens from all over the globe are joining their family business or holding a prominent position within the company. Families in Business takes a look at some of the most notable next gens who are making the headlines today

Shari Redstone
Notoriously controlling Viacom patriach Sumner Redstone retracted his endorsement of daughter Shari last year, meaning she may now never head the company.

Bill Gates' fortune overtaken by business owning family

March 5, 2008

Microsoft owner Bill Gates has been over taken in a world rich list by a family business owner.

Microsoft owner Bill Gates has been overtaken in a world rich list by a family business owner. Carlos Slim, (pictured), who runs the Mexican telecommunications empire with his family, has been ranked second in a list of the world's richest people after narrowly being beaten to the top spot.

Warren Buffet tops the list with an estimated worth of $62 billion. Slim has $60 billion while Microsoft owner Bill Gates, who has topped the list for more than a decade, is ranked third with $58 billion.