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Five Indians in World's Most Powerful List
By siliconindia   |   Friday, 04 November 2011, 02:19 IST   |    5 Comments
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azim premji and lakshmi mittal
The world's largest steel maker, Lakshmi Mittal is the 47th powerful person in the world. His shares in ArcelorMittal are net worth of $6.9 billion and he looks forward to expand his company's mining interest by buying Canadian miner Baffinland Iron Mines in January. The company partnered with Peabody Energy to buy Australia's Macarthur Coal for $4.9 billion. Said to be one of the richest men in India, his daughter's wedding was the most expensive in the recorded history of the world. The latest entrant in the list is the philanthropist Azim Premji. He now captures the 61st position in the list which belonged to Ratan Tata last year. Wipro with around $7 billion dollars is not performing up to the mark of late and the company's chief co-executive was replaced by another Wipro insider to command the revenue growth. The company recently acquired the oil and gas IT services business of U.S. based Science Applications International Corporation for $150 million. Azim Premji has made a donation of shares worth $2 billion to fund his educational charity last December.

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