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lakshmi mittal

May 12, 2011

Lakshmi Mittal, chairman and chief executive of steel company ArcelorMittal, will be buoyed by his company’s results, which saw a 67% rise in net profits for the first quarter.

Lakshmi Mittal, chairman and chief executive of steel company ArcelorMittal, will be buoyed by his company’s results, which saw a 67% rise in net profits for the first quarter.

The Luxembourg-based group said on 11 May that its net profits rose to $1.1 billion compared to $640 million for the same period last year. The world’s biggest steelmaker’s sales too rose by around 27% to $22.2 billion.

April 28, 2008

Some of the world’s most prominent families have dominated a new list which displays the UK’s most affluent individuals.

Some of the world's most prominent families have dominated a new list which displays the UK's most affluent individuals. The list, by Rupert Murdoch-owned newspaper The Sunday Times, shows how the UK's super-rich are getting even richer as the combined wealth of the top 200 rose by €45 billion in the last year.

February 13, 2008

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company.

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company. Net income soared 30% to $10.5 billion and sales grew to $105 billion – up from $88 billion the previous year.

The firm also announced that $4.4 billion would be returned to shareholders and with a 43% stake in the company, Mittal is set to earn $1.9 billion.

February 12, 2008

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

July 1, 2006

How does a business-owning family renew a sense of ambition and drive in successive generations? Francois deVisscher looks at how entrepreneurs can instil a confidence and taste for risk-taking by introducing the next generation to philanthropic activities

François de Visscher  is founder and president of the family business consultancy de Visscher & Co. www.devisscher.com.

How does a business-owning family renew a sense of ambition and drive in successive generations? Francois deVisscher looks at how entrepreneurs can instil a confidence and taste for risk-taking by introducing the next generation to philanthropic activities

May 1, 2006

Three of the top 20 entries in the recently published Sunday Times Rich List are Indian families. Melanie Stern reports on how Asian family businesses have brought a certain flair and determination to the UK economy – a good reason to celebrate

Melanie stern is section editor of Families in Business.

Three of the top 20 entries in the recently published Sunday Times Rich List are Indian families. Melanie Stern reports on how Asian family businesses have brought a certain flair and determination to the UK economy – a good reason to celebrate

November 1, 2005

In family business, being successful doesn't necessarily mean you're doing well in dollars and cents. If your family isn't squabbling over who should be boss, or wrestling with decades of habit to bring the independence of your board up to speed – and business isn't suffering – then you're not doing badly at all. Families in Business examines the world's ten most successful family business CEOs, ranking equally by sales or revenue and the decisions and achievements the CEO has made during the year. All inheritor CEOs have worked to earn their place, bringing in major deals for their companies on their own merit prior to taking on the top job. Watch for these guys in 2006, writes Melanie Stern

In family business, being successful doesn't necessarily mean you're doing well in dollars and cents. If your family isn't squabbling over who should be boss, or wrestling with decades of habit to bring the independence of your board up to speed – and business isn't suffering – then you're not doing badly at all. Families in Business examines the world's ten most successful family business CEOs, ranking equally by sales or revenue and the decisions and achievements the CEO has made during the year.

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