LNMittal is richest in UK
For the fourth year in a row, Laxmi Narayan Mittal of Indian origin has been declared the richest man in UK owing to surging steel prices across the globe. LNMittal took the calculated risk of buying out sick / closed down steel mills across the globe in the ninetees and early 2000s at throw away prices. At that time the entire global steel outlook was very bleak and many experts opined that LNMittal might be trapped if the steel glut continues. But he took the risk and went ahead and pumped in more money in those companies in anticipation of global steel demand revival which eventually happened. Now the world salutes his foresight and every indian is proud of him.