Four months ago, Indian steel tycoon Lakshmi Mittal was the richest man in Europe and 4th richest man in the world. Four months ago, his net worth was estimated to be roughly $45 billion. But due to the current financial crisis, the man that just bought a Georgian mansion in Kensington Palace Gardens in London earlier this year for $200 million was losing about $240 million a day for the last four months.
Losing $28 billion put a damper on Mittal’s net worth, and will probably end up dropping him on the World’s richest list. I mean, $17 billion can only take you so far, right?