London: India-born steel tycoon Lakshmi Niwas Mittal, recently named the richest Indian in the world with a fortune of $51 billion, has also been rated as the wealthiest person in South Africa.
Mittal has been named at the top for third consecutive year with a net worth of 27.3 billion rand ($4 billion) in the latest annual list of 100 richest in South Africa, compiled by that country's weekly The Sunday Times.
This is based on his shareholding in Mittal Steel SA and represents only the value of his investments in South Africa.
Last month, US business magazine Forbes named him the richest Indian in the world with a net worth of $51 billion. In March, he was named the world's fifth richest, with a worth of $32 billion by Forbes.
Mittal, who is a resident of Europe, Russia and UK and has an Indian passport as well, also holds the title of richest person in Britain.
According to the Sunday Times report, Mittal had 445.75 million shares in his company Mittal Steel SA as of March 31, 2007.
"The value of Mittal's 52.02 per cent shareholding in Mittal Steel SA has almost doubled to 27.36 billion," it said.
In Sunday Times', Richest 100 List of South Africa, Mittal was followed by NicNicky Oppenheimer of Anglo American Plc with fortunes worth 16.1 billion rand.
Patrice Motsepe, holding shares in African Rainbow Minerals Ltd and Sanlam Ltd, was named at the third position with a worth 13.5 billion rand.
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