U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-07-2008, 09:29 PM
 
Location: South FL
5,484 posts, read 6,864,945 times
Reputation: 3496

Advertisements

WRITTEN BY THIS IS SCOLLA

TUESDAY, 07 OCTOBER 2008

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.

Mittal, a London resident who paid a record $200 million for a Georgian mansion in Kensington Palace Gardens earlier this year, still has $17 billion left, the London Times reports.

We don't yet know how Mittal's stunning loss - which equates to $240 million / day or nearly $10 million per hour - re-positions him on the world's rich list as several other plutocrats have also suffered reversals, but it's safe to say he'll end up much further down unless the stock market recovers soon.

This Is Scolla :: Hip Hop's Official Voice - World's 4th Richest Man Loses $28 Billion
Rate this post positively Reply With Quote Quick reply to this message

 
Old 10-07-2008, 09:34 PM
 
58 posts, read 182,961 times
Reputation: 48
Ain't that a crying shame..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-07-2008, 09:39 PM
 
Location: Hope, AR
1,505 posts, read 2,935,875 times
Reputation: 254
he wins a butterscotch curry to drown his sorrows
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-07-2008, 09:41 PM
 
Location: Ohio
23,155 posts, read 16,567,905 times
Reputation: 19738
I fail to understand how this is news, or newsworthy, especially since he didn't lose a dime.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-07-2008, 11:06 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 13,138,889 times
Reputation: 8075
Well, ya lose a billion here and a billion there, pretty soon it adds up to some real money.

He could still drive through London day and night tossing out fistfuls of 100 pound notes, and not make a dent in the 17 billion left.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-07-2008, 11:07 PM
 
Location: San Antonio, TX
262 posts, read 992,985 times
Reputation: 79
Nice to see the rich are stealing from eachother as well lol.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-08-2008, 12:19 AM
 
Location: Sputnik Planitia
7,219 posts, read 10,126,058 times
Reputation: 8058
ah only 17 billion left, how sad


[sarcasm off]
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top