Rich lists do not matter to me: Mittal

May 09, 2010 08:35 pm | Updated 08:35 pm IST - New Delhi

Numerous rankings of the rich frequently brought out by publications such as Forbes and TheSunday Times do not matter to steel magnate Lakshmi Niwas Mittal, a permanent fixture on such charts.

“For me, this is not the news I focus on. These are all the valuations...It's good that people see me in a positive light...But these things do not really matter in your [my] life,” Mr. Mittal, 59, Chairman and Chief Executive Officer of the world's largest steel maker ArcelorMittal, told PTI.

Mr. Mittal said he would rather prefer his company to be in the news for its growth programmes and creation of value for shareholders.

“Selectively, we are focussing on how do we continue to grow and create value for our shareholders,” said Mr. Mittal, who topped The Sunday Times Rich List for the sixth consecutive year in 2010.

According to the weekly, Mr. Mittal's fortunes stand at £22.45 billion, more than double its last assessment at £10.8 billion.

PepsiCo's India-born chief Indra Nooyi had recently said the listings among the rich and influential persons of the world did not matter much to her.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.