Net Worth: $28.7 billion
Source: Steel
Residence: India
• London's richest resident oversees ArcelorMittal, world's largest steel maker. Net profits fell 75% in 2009.
• Mittal took 12% pay cut amid slump but improved outlook pushed stock up one-third in past year.
• Looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval.
• Started in family steel business in India in 1970s; branched out on his own in 1994.
• Initially bought up steel mills on the cheap in Eastern Europe.
• Earned $1.1 billion for selling his interest in a Kazakh refinery in December.
• Sits on the boards of Goldman Sachs, EADS.
• Upped stake in struggling British soccer team QPR in February.
• Funding 400-foot sculpture to be built in London's Olympic Park in time for 2012 Olympics.
• Owns 12-bedroom mansion in London's posh Kensington neighborhood.
• Daughter-in-law Megha recently bought insolvent German fashion house Escada.
Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010
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