Lakshmi 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. Speakers 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.
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