"Indian steel tycoon Lakshmi Mittal, 58, the richest man in Europe and the 4th richest man in the world, can now be known as the world's biggest loser after his net worth plummeted by a whopping $28 billion over the last four months due to the global financial crisis. Mittal, a London resident who paid a record $200 million for a Georgian mansion in Kensington Palace Gardens earlier this year, still has $17 billion left, the London Times reports. We don't yet know how Mittal's stunning loss - which equates to $240 million / day or nearly $10 million per hour - re-positions him on the world's rich list as several other plutocrats have also suffered reversals, but it's safe to say he'll end up much further down unless the stock market recovers soon."
Information Courtesy Of: Luxist.Com
CHRIS LIVE AKA SHAKER SAYS: Wooooooooooooooooooow! The homie Lakshmi Mittal just lost more fetti in a mere 4 months than the entire Forbes "Hip Hop Cash Kings" list are worth combined! Please keep this man away from any guns and rooftops ... lol. On the real though, I thought that I had lost $50 last week ... do Y.O.U. know how tight I was? LOL. This just goes to show that money, as with everything else in life, is completely relative.
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