Lakshmi Mittal replaces Mukesh Ambani as world's richest Indian: "Steel Tycoon Lakshmi Mittal has clinched the title of the world's richest Indian from Reliance Industries' chief Mukesh Ambani.
With a net worth of 31.1 billion dollars, Mittal has been ranked sixth in the Forbes Billionaires List of 2011, while Ambani was ranked at ninth position.
Mittal wealth grew from 28.7 billion dollars last year as his company ArcelorMittal, world's largest steel-maker, registered profits of 2.9 billion dollars due to recovery in steel demand and higher margins in 2010, Forbes said.
Ambani ranks 9 with a net worth of 27 billion dollars. He has been the richest Indian for three years in a row according to Forbes India magazine."
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