Listed as the richest Indian and third richest person in the world by international magazines in their recent rankings, his company may be worth about $15 billion or over Rs 65,000 crore (Rs 650 billion) going by the price of $24 a share, and where he and his family have 88 per cent holding.
The World's Richest People 2005
Prices of the scrips of his company have fallen from $42.36 a share at the New York Stock Exchange on March 4, 2005 to $24 a share on April 28, 2005, according to information available from the market.
Going by the March 4 price of shares, Mittal Steel was valued at about $28 billion and Lakshmi Mittal's holding could be estimated at about Rs 115,000 crore (Rs 1150 billion).
Mittal, ranked third on the Forbes list of richest men in the world in their March 2005 rankings, could suffer in terms of his position among the wealthiest men in the world.