Britain's richest man became the nation's biggest loser this week as £164bn was wiped off British shares in a single week.
The world's largest steel maker Lakshmi Mittal lost £2.16bn following a calamitous six days for stock markets on both sides of the Atlantic sparking fears the meltdown will lead to a double-dip recession.
The share price of Mr Mittal's company Arcelor Mittal, of which he owns 40.83 per cent, plummeted 18.7 per cent this week reducing the value of his fortune to £9.7bn.
TYCOONS: WHAT THEY LOST
LAKSHMI MITTAL - £2.26bn, now worth £9.7bn IVAN GLASENBERG - £788m, now worth £4.7bn MIKE ASHLEY - £203.4m, now worth £885m SIR STELIOS HAJI-IOANNOU - £54m, now worth £546.1m CHARLES DUNSTONE - £38.6m, now worth £506.4m