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Lakshmi Mittal richest biz tycoon in South Africa

India-born steel magnate Lakshmi Mittal remains the richest business tycoon in South Africa despite his fortune having halved in the past year due to the global recession. Mittal heads the Rich List, a ranking of the 150 wealthiest businessmen in South Africa released here by the weekly Sunday Times, for the fifth consecutive year, even though he is not living in South Africa.


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