The 68-year-old was declared bankrupt in June 2020 in a London court with a loan of over 130 million pounds to his name.
Many businessmen, who were once billionaires, went bankrupt in their life due to several reasons. Some had to depend on spouses and kids for daily expenses. One such person is Pramod Mittal, who was the chairman of Ispat Industries Limited (now JSW Ispat Steel). He was declared bankrupt in 2020 after paying 2.5 billion pounds (around Rs 24,000 crore at the time) to his creditors. He is the brother of Indian billionaire and steel magnate Lakshmi Mittal.
Pramod was among the richest men in the world. He was known for his spending sprees. He spent around Rs 550 crore on his daughter Shristi’s wedding in 2013. The…
