Mittal wins Forbes Lifetime Achievement Award
New York, September 8, 2008 (IANS)
Mittal, the London-based NRI steel tycoon, is being conferred the
Forbes Lifetime Achievement Award, the highest recognition of global
business success bestowed by the US business magazine for what it
calls "a hero of entrepreneurial capitalism". Mittal is
set to get the award Monday night at Forbes Global CEO Conference
2008, being held in Singapore and expected to be attended by over
400 business leaders.
at the three-day conference include quite a few Indians and NRIs.
Mittal, chairman and CEO of ArcelorMittal, earlier named by Forbes
as the fourth richest man in the world with a net worth of $45 billion,
will receive the third Malcolm S. Forbes Lifetime Achievement Award
from Steve Forbes, chairman-CEO and editor-in-chief of the magazine,
known for billionaire lists, the magazine's statement said. The
award is named after Steve Forbes's father, who was the magazine's
in Churu district of Rajasthan, Mittal, who turned 58 on September
2, entered the steel business in 1976. He later acquired numerous
steel companies around the world. Mittal Steel was merged with Arcelor
in 2006 to form ArcelorMittal, which became the largest steel company
in the world.
Ka-shing, the Hong Kong-based chairman of Cheung Kong Holdings and
Hutchison Whampoa, a diversified group, was the winner of the inaugural
Forbes Lifetime Achievement Award in 2006.
Forbes CEO conference this year has the theme: "The Winning
Hand". It is scheduled to discuss strategies in dealing with
global uncertainties and issues such as the rise of India and China,
US presidential polls, real estate, innovation and entrepreneurship.
Indian speakers at the conference include S. Gopalakrishnan, CEO
and managing director of Infosys Technologies, TCS CEO and managing
director S. Ramadorai, and Suzlon Energy chairman and managing director
Tulsi Tanti. Singapore's Prime Minister Lee Hsien Loong will deliver
the keynote address.