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Lakshmi Mittal third wealthiest in world: Forbes
By agencies
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Friday, 11 March 2005, 20:30 IST
NEW DELHI: Indian-born steel tycoon Lakshmi Mittal has become the third richest person in the world, trailing only Microsoft chief Bill Gates and US investment guru Warren Buffett.
London-based Mittal boosted his fortune after quadrupling his net worth by $18.8 billion to $25 billion, Forbes Magazine reported. Mittal climbed 59 steps from last year to number three in 2005.
Wipro chairman Azim Premji moved 20 places up from last year at number 38, with net worth of $9.3 billion; while Aditya Birla group Chairman Kumarmangalam Birla slipped two places from last year to 149 with net worth of $3.7 billion.
Telecom entrepreneur Sunil Mittal improved his position to 164 with net worth of $3.3 billion. Last year, Sunil was ranked at 186 while construction baron Pallonji Mistry moved up 61 places to 170 with net worth of $3.2 billion.
Godrej group chairman Adi Godrej was pushed to 355 with net worth of $1.9 billion from last year's 277 position.