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World’s 4th Richest Man Loses $28 Billion |
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 Oct 15 2008, 03:06 AM
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#1
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Newbie  Group: Members Posts: 7 Joined: 26-August 08 Member No.: 56,820  |
World’s 4th Richest Man Loses $28 Billion  Indian steel tycoon Lakshmi Mittal, 58, the richest man in Europe and the 4th richest man in the world, can now be known as the world’s biggest loser after his net worth plummeted by a whopping $28 billion over the last four months due to the global financial crisis. More at http://eddywu.wordpress.com/2008/10/13/wor...ses-28-billion/ |
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Oct 15 2008, 03:09 AM
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#2
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Member Group: Members Posts: 81 Joined: 30-September 08 Member No.: 62,033 |
Woow, that really sucks for him..I'd be furious.
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Oct 15 2008, 05:55 AM
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#3
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Newbie Group: Members Posts: 19 Joined: 30-September 08 Member No.: 62,109 |
That's terrible for him. It's a big lost.
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Oct 15 2008, 07:23 AM
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#4
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 Outrageously Uber Ninja Group: Moderators Posts: 5,140 Joined: 11-May 08 From: Australia Member No.: 25,876 |
Well, all I can say is I would hate to be him...
Jacob. |
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Oct 15 2008, 07:26 AM
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#5
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 Ninja Group: Members Posts: 234 Joined: 23-May 08 From: Scotland Member No.: 29,312 |
Well he still has $17 billion, but maybe not for much longer hehe
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Oct 15 2008, 11:02 AM
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#6
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 Outrageously Uber Ninja  Group: Community Helper Posts: 611 Joined: 23-November 07 Member No.: 3,275 |
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] too. More info |
Oct 15 2008, 01:15 PM
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#7
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Newbie Group: Members Posts: 12 Joined: 10-October 08 Member No.: 63,551 |
QUOTE(flyboy @ Oct 15 2008, 07:26 AM)  Well he still has $17 billion, but maybe not for much longer hehe Agree with you, with same situation I think he will not stay in queue of top ten richest man in the world. |
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Oct 15 2008, 07:49 PM
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#8
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 Outrageously Uber Ninja Group: Moderators Posts: 1,102 Joined: 2-June 07 From: United States Member No.: 14 |
He is still rich as shit...
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Oct 16 2008, 05:18 AM
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#9
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Newbie Group: Members Posts: 20 Joined: 13-October 08 Member No.: 64,158 |
Oh! it is a big loss of him. This is the problem in market economy, you can become billionaire overnight and poor in overnight. But this market economy is still the best among tried. But he does not need to worry about this matter. Because 10% of Steel production in world comes from his company. So as long as we need steel he will be there.
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Oct 16 2008, 11:51 AM
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#10
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 irc.zymic.com #zymic Group: Root Admin Posts: 1,473 Joined: 28-February 07 From: England, UK Member No.: 4 |
This is all "worth" and not "money in the bank" - it will recover, but not so soon
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Oct 17 2008, 07:03 PM
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#11
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Outrageously Uber Ninja Group: Community Helper Posts: 2,198 Joined: 2-March 08 From: Australia Member No.: 12,578 |
yeah what place is he in now?
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