Five things you didn’t know about Lakshmi Mittal, Britain's wealthiest citizen

The steel king had a recent spat with François Hollande.

A recent spat with François Hollande has revealed just how much clout is carried by Britain’s wealthiest individual. After Arnaud Montebourg, French Minister for Industrial Recovery, threatened nationalising ArcelorMittal’s French steel furnaces, its owner Lakshmi Mittal went straight to the Elysée Palace to call a meeting with Hollande. The entrepreneur and politician battled out a deal that, by Monday afternoon, revealed Mittal as the winner: his steel plants will not be nationalised. However, this is not the first time Mittal has thrown his industrial might against politics. Here are five other things you may not have known about Lakshmi Mittal:

  1. The Indian born magnate has clashed once before with a French president. During Jacque Chirac’s tenure, Mittal went through with a hostile takeover of the French company, Arcelor, against the President’s wishes. Allegations of xenophobia caused Chirac to later comment: "In principle, we have absolutely nothing against a non-European taking over a European company."    
  2. Hostility with French politicians is balanced with warm relations to the British. A major Labour Party donor, Mittal was accused in 2002 of buying political power. When a Romanian state steel company was being auctioned off, Tony Blair wrote a letter to the Romanian Government in favour of Mittal’s LNM. The letter, when revealed, caused uproar, especially since LNM was not registered in Britain, but in the Dutch Antilles, exempting it from hefty tax.     
  3. Although he only moved to Britain in the 1990s, Mittal is now our wealthiest citizen. His personal $20.7 billion is larger than the GDP of Equatorial Guinea.
  4. The ArcelorMittal Orbit is named after him. The red tower, designed by Anish Kapoor and dubbed the Hubble Bubble by Boris Johnson, was built with his own steel.
  5. After long negotiations, Mittal was the first person granted a private party in the Palace of Versailles. The occasion: the engagement of his daughter, Vanisha, who then moved in next door at 9A Palace Greens, Kensington Garden.
Lakshmi Mittal. Photograph: Getty Images

Oliver Williams is an analyst at WealthInsight and writes for VRL Financial News

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Pro-Trump site “reveals” Hillary Clinton’s “hitman and secret sex fixer” to be… Ed Miliband

Unsubstantiated cobblers? Why not spice it up with a picture of the former leader of the Labour party awkwardly standing?

The weekly pro-Trump supermarket tabloid, The National Enquirer, ran an unsubstantiated story recently allegedly quoting a former Hillary Clinton bag carrier. The source, described as a “hitman” and “fixer”, provided a WORLD EXCLUSIVE!!!! about all the things that Clinton supposedly made him do – involving (hold your horses, America!) sex and money.

The story was picked up by a pro-Trump site called American News, and other murky corners of the internet’s alt-right, and illustrated with an even more bollocks (if that’s possible) photo. It’s a picture of Bill Clinton shaking Nick Clegg’s hand – with Ed Miliband lurking nearby, giving them the side-eye.

Looks familiar, right?

But never mind that this photo was taken three years ago at Nelson Mandela’s memorial service. Never mind that it accuses the former leader of the UK Labour party of being in the pocket of the Clintons. Never mind that even the circle highlighting him was copied from the Mail. Never mind that Ed Miliband, face furrowed in suspicion, hand damply resting on his front, resembling an awkward and aggrieved butler, would be the last person to have the wherewithal to arrange discreet sordid liaisons anyway. It’s a picture on the internet, folks!

Let’s take our country out of the hands of these failed innocuous Bridish politicians and make America great again!

I'm a mole, innit.