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NRI Mittal rebuilds entire Mississippi town

London, Oct. 16, 2005
Abrar Alvi
NRI press

NRI (nom-resident Indian) UK 's richest man is to pay for an entire Mississippi town devastated by Hurricane Katrina to be rebuilt. He is expected to spend more than £50m over the next five years rebuilding Long Beach in Mississippi. He said the effects of Katrina were “heartbreaking” and he had been moved to get involved.

Mr. Mittal will provide capital and the labour to build the town, the home of 17,000 people. “It will take years to rebuild the affected communities,” he said. “These communities are left with challenges that require innovative, long-term solutions and substantial commitments of both time and resources. Few cities were more devastated than Long Beach.”

Mittal already sent a a team of engineers and other experts to assess project and will send teams of builders to begin the work ASAP.

He had given large amounts to the tsunami victims and may also halp earthquake in Pakistan. His donations would put him among the top 10 givers in Britain

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NRI Mittal, third-richest world's billionaires, adding 18.8 billion dollars to his net worth Sep.30, 2005. He is just behind Microsoft's Bill Gates and Berkshire Hathaway's Warrant Buffett