Steel tycoon Lakshmi Mittal not the ‘richest’ anymore!

The declining share price of ArcelorMittal has ousted Lakshmi Mittal from South Africa’s richest list of 100 businessmen this year. The Indian-origin steel baron has topped the list for the past six years.

However, while Mittal had been featuring in the list every year, he had been slipping down the ranks rapidly. Mittal had topped the list from 2006 to 2011. Last year, he was featured at number 13 in South Africa.