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lakshmi mittal

Family business owners dominate list of billionaires
March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

Family businesses ‘likely to grow in importance in South Africa’
September 7, 2011

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic. 

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic.

Dr Margaret Cullen, co-director of the Nelson Mandela Metropolitan University’s Family Business Unit, said there is a strong history of family businesses in the country and this is likely to continue.

Young Aditya Mittal steps closer to the top job at ArcelorMittal
May 25, 2011

Aditya Mittal, son of steel tycoon Lakshmi Mittal, has significantly increased his responsibilities at ArcelorMittal in a move some see as preparation for his eventual succession to leading the company.

Aditya Mittal, son of steel tycoon Lakshmi Mittal, has significantly increased his responsibilities at ArcelorMittal in a move some see as preparation for his eventual succession to leading the company.

In a statement on 24 May, the Luxembourg-based steel group said that Aditya, who currently leads operations in the Americas, will take over running the European unit—the company’s biggest but with the lowest earnings.

Steel tycooon's fortunes start to turn
May 12, 2011

Lakshmi Mittal, chairman and chief executive of steel company ArcelorMittal, will be buoyed by his company’s results, which saw a 67% rise in net profits for the first quarter.

Lakshmi Mittal, chairman and chief executive of steel company ArcelorMittal, will be buoyed by his company’s results, which saw a 67% rise in net profits for the first quarter.

The Luxembourg-based group said on 11 May that its net profits rose to $1.1 billion compared to $640 million for the same period last year. The world’s biggest steelmaker’s sales too rose by around 27% to $22.2 billion.

Families dominate UK rich list
April 28, 2008

Some of the world’s most prominent families have dominated a new list which displays the UK’s most affluent individuals.

Some of the world's most prominent families have dominated a new list which displays the UK's most affluent individuals. The list, by Rupert Murdoch-owned newspaper The Sunday Times, shows how the UK's super-rich are getting even richer as the combined wealth of the top 200 rose by €45 billion in the last year.

Mittal nets $2 billion
February 13, 2008

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company.

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company. Net income soared 30% to $10.5 billion and sales grew to $105 billion – up from $88 billion the previous year.

The firm also announced that $4.4 billion would be returned to shareholders and with a 43% stake in the company, Mittal is set to earn $1.9 billion.

UK government backs down on non-dom plans
February 12, 2008

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

Bridging the entrepreneurial divide
July 1, 2006

How does a business-owning family renew a sense of ambition and drive in successive generations? Francois deVisscher looks at how entrepreneurs can instil a confidence and taste for risk-taking by introducing the next generation to philanthropic activities

François de Visscher  is founder and president of the family business consultancy de Visscher & Co. www.devisscher.com.

How does a business-owning family renew a sense of ambition and drive in successive generations? Francois deVisscher looks at how entrepreneurs can instil a confidence and taste for risk-taking by introducing the next generation to philanthropic activities

Adding spice to UK business
May 1, 2006

Three of the top 20 entries in the recently published Sunday Times Rich List are Indian families. Melanie Stern reports on how Asian family businesses have brought a certain flair and determination to the UK economy – a good reason to celebrate

Melanie stern is section editor of Families in Business.

Three of the top 20 entries in the recently published Sunday Times Rich List are Indian families. Melanie Stern reports on how Asian family businesses have brought a certain flair and determination to the UK economy – a good reason to celebrate

Flying high
November 1, 2005

In family business, being successful doesn't necessarily mean you're doing well in dollars and cents. If your family isn't squabbling over who should be boss, or wrestling with decades of habit to bring the independence of your board up to speed – and business isn't suffering – then you're not doing badly at all. Families in Business examines the world's ten most successful family business CEOs, ranking equally by sales or revenue and the decisions and achievements the CEO has made during the year. All inheritor CEOs have worked to earn their place, bringing in major deals for their companies on their own merit prior to taking on the top job. Watch for these guys in 2006, writes Melanie Stern

In family business, being successful doesn't necessarily mean you're doing well in dollars and cents. If your family isn't squabbling over who should be boss, or wrestling with decades of habit to bring the independence of your board up to speed – and business isn't suffering – then you're not doing badly at all. Families in Business examines the world's ten most successful family business CEOs, ranking equally by sales or revenue and the decisions and achievements the CEO has made during the year.

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