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Home > Business > PTI > Report

I am too young for charity: Mittal

July 07, 2006 18:07 IST

While the world's richest people, including the likes of Bill Gates and Warren Buffett, swear by philanthropy, 55-year-old India-born steel magnate Lakshmi Niwas Mittal feels he is "too young for charity."

"I am still very young, Warren Buffett is very elderly to me," he said, when asked if he had any plans to follow the footsteps of the illustrious investor, who recently announced a donation of $37 billion to the Bill and Melinda Gates Foundation.

Addressing his first media conference in India after the successful takeover of rival Arcelor, Mittal said he would have to work a few more years before thinking of getting into philanthropy.

"I will work for a couple of years more and then I would think about it," he said as mediapersons broke into laughter.

According to the Fortune's list of richest people in the world, London-based Mittal is ranked fifth with a net worth of $23.5 billion.

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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Number of User Comments: 8

Sub: cancer hospital at calcutta

Mr. Mittal, you must do something big, memorable and useful to people of Calcutta which is your root, i presume.You should open a world class ...

Posted by archanapoddar

Sub: It is very simple.

He does not want to part with any of his fortune till he becomes old. He seems to be rather totally ignorant with the ways ...

Posted by chanakya

Sub: Why Indian Government is so concerned

It is ironical that media persons had asked such silly and irreverent question to L N Mittal. Why the Indian people should have any concern ...

Posted by pk

Sub: Charity and LN Mittal fuh!!!!!!!!!!!!!!!!!!!!!!

Who are the fools expect charity from L N Mittal. We should try to differentiate between a human being and filty rich. Laxmi Mittal should ...

Posted by PRASHANT

Sub: Too young?

Laxmi Narain Mittal is too young for charity. Is it not biggest joke? Is charity is anything do with age of the person or it ...

Posted by AMARESH



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