Steel magnate Mittal's fortune falls $8b but still Britain's biggest

China Daily | Updated: 2011-05-09 07:59

ArcelorMittal Chief Executive Lakshmi Mittal speaks on Feb 8, 2011, during the presentation of 2010 results at the company's headquarters in Luxembourg. According to The Sunday Times' annual rich list, Mittal remains the United Kingdom's richest person, with a fortune of 17.5 billion pounds. Provided to China Daily

LONDON - Indian-born steel tycoon Lakshmi Mittal saw about 5 billion pounds ($8 billion) wiped off his fortune in the past year but remains the wealthiest person in Britain, it was revealed on Sunday.

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