World’s 4th Richest Man Loses $28 Billion

Discussion in 'General Discussion' started by lllAE86lll, Oct 13, 2008.

  1. lllAE86lll

    lllAE86lll GR Since 2005

    Posts:
    7,238
    Likes Received:
    0
    Joined:
    May 29, 2005
    Location:
    NY
    <div align="center">[​IMG]</div>

    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.
     
  2. Sock

    Sock Well-Known Member

    Posts:
    1,427
    Likes Received:
    0
    Joined:
    Aug 4, 2005
    Now he's going to have to start pinching pennies.
     
  3. bluefalcon_ad

    bluefalcon_ad Well-Known Member

    Posts:
    750
    Likes Received:
    0
    Joined:
    Apr 15, 2006
    lol still richer than all of us.
     
  4. Mortified Penguin

    Mortified Penguin Senior Member

    Age:
    32
    Posts:
    4,560
    Likes Received:
    0
    Joined:
    Sep 28, 2006
    Damn I wish I had $28 billion to lose and still be considered one of the world's richest people.
     
  5. nanSTA

    nanSTA Senior Member

    Posts:
    4,295
    Likes Received:
    0
    Joined:
    Dec 5, 2006
    Location:
    Chicago, IL
    tat sux.
     
  6. Disillusion

    Disillusion Well-Known Member

    Posts:
    232
    Likes Received:
    0
    Joined:
    Jul 23, 2008
    yeah, only $17 billion left.
     
  7. Undertow

    Undertow Senior Member

    Age:
    31
    Posts:
    3,543
    Likes Received:
    0
    Joined:
    Mar 11, 2006
    What a tragedy.
     
  8. Merge

    Merge Well-Known Member

    Age:
    29
    Posts:
    884
    Likes Received:
    0
    Joined:
    Jul 5, 2006
    ;( ;( ;( ;(
     
  9. eKs

    eKs Active Member

    Posts:
    39
    Likes Received:
    0
    Joined:
    Oct 8, 2008

    Not bad. eh?
     
  10. Faith.09

    Faith.09 Banned from GR

    Age:
    13
    Posts:
    4,849
    Likes Received:
    0
    Joined:
    Jun 11, 2004
    Location:
    http://faith-09.deviantart.com
    Oh no, I feel so bad for him.
     
  11. Z.A.R

    Z.A.R Well-Known Member

    Age:
    37
    Posts:
    256
    Likes Received:
    0
    Joined:
    Jul 22, 2008
    Location:
    USA
    LOL sucks to be him. I hate it when I lose $20. He should have given the money to people that need it. See what happens when you hoard your money. :D Mr.Scrooge
     
  12. dalecyt

    dalecyt Well-Known Member

    Age:
    27
    Posts:
    1,006
    Likes Received:
    0
    Joined:
    Mar 15, 2007
    Location:
    Glasgow
    lol gutted
    he'll probably lose more by the way the economy is going just now
     
  13. Pulse.

    Pulse. Well-Known Member

    Age:
    35
    Posts:
    5,359
    Likes Received:
    0
    Joined:
    Jul 12, 2005
    Location:
    Reading, UK
    i feel so so sorry for him, i hope he sleeps tonight knowing he still has only 17 bil left..
     
  14. nitrx

    nitrx Well-Known Member

    Age:
    29
    Posts:
    891
    Likes Received:
    0
    Joined:
    Mar 4, 2008
    Location:
    Michgan
    holy ----

    what i could do if i even had a fraction of that money.
     
  15. Nicasus

    Nicasus Been watching you all day

    Posts:
    4,807
    Likes Received:
    0
    Joined:
    Oct 28, 2005
    Location:
    The Netherlands
    OH NOES MY MONIEZ


    He has enough anyhow.
     

Share This Page