Lakshmi Mittal gets Forbes lifetime achievement award

NEW DELHI- American business magazine Forbes on Monday said India-born steel tycoon Lakshmi Mittal is being conferred the third Forbes Lifetime Achievement Award, which honours heroes of entrepreneurial capitalism and free enterprise.

Mittal will get the award tonight at Forbes Global CEO Conference, being held in Singapore and expected to be attended by more than 450 business leaders with a combined net worth of more than 160 billion dollars from across the world.

Earlier in March this year, Forbes had named Mittal as fourth richest with a net worth of 45 billion dollars in its annual ranking of the world's richest billionaires.

"Mittal will receive the third Malcolm S Forbes Lifetime Achievement Award at the opening dinner tonight from Steve Forbes, Chairman & CEO of Forbes, and Editor-in-Chief of Forbes magazine," Forbes said in a statement.

"The award honors heroes of entrepreneurial capitalism and those who embody and exemplify the ideals of free enterprise," it added.

Born in Rajasthan in India, Mittal founded Mittal Steel Company (formerly LNM Group) in 1976.

Courtesy:timesofindia.com
Complete artical HERE