55-Year-Old Steel King Mittal Thinks He is Too Young for Charity

Charity News Online

While the world's richest people, including the likes of Bill Gates and Warren Buffett, pledge their fortunes to charitable causes, 55-year-old India-born steel magnate Lakshmi Niwas Mittal feels he is "too young for charity".

"I am still very young, Warren Buffett is very elderly to me," he said when asked if he had any plans to follow the footsteps of the illustrious investor, who recently announced a donation of 37 billion dollars to the Bill and Melinda Gates Foundation.

Addressing his first media conference in India after the successful takeover of rival Arcelor, Mittal said he would have to work a few more years before thinking of getting into philanthropy.

According to the Fortune's list of richest people in the world, London-based Mittal is ranked fifth with a net worth of 23.5 billion dollars.

Lakshmi Mittal, charity, Warren Buffett , Bill Gates