LM: We have always lived up to our commitments in the past. And that is a very successful record we have. I have said that they will not be any job cuts arising out of this merger. Both the companies have their own commitments of investments, growth, and employment. And we are committed to that.

SB: Coming back to the question about racism. You really haven't answered that. Did feel that then, do you feel that now?

LM: Personally, I never experienced. I must tell you. I met all the politicians, senior politicians in various countries, I met media, I met shareholders, stake holders, employees. I never personally experienced any kind of that feeling. On the contrary, I felt positive reception and reaction with the masses.

SB: So while you were in the ring, people were really rooting for you?

LM: You see, in the ring you always have two kinds of crowds. Otherwise the match is not interesting.

SB: There were people trying to put you down and people trying to support.

LM: Yeah. That is how the game is played. Always, if I have only supporters there would be no fun and no challenge.

SB: So are you willing to forget and forgive those people who were booing you while you were in the ring?

LM: I don't even remember them! Life moves on. Life moved on. We have a new team. A very exciting team and that is what matters.

SB: We are going to take a short break now, but when we come back, Laksmi Mittal, we are going to talk to you about your personal wealth. All 27 billion dollars of it! I'm sure you will want to know more about that, so stay tuned to Talk Asia.

Block B

SB: Welcome back. We are talking to global business tycoon Lakshmi Mittal. How important is personal wealth for you? Is this important, or is the concept of creating wealth for others more important?

LM: I think first of all I tell you I never calculate my wealth.

SB: Why?

LM: It doesn't matter. When I earned my first million dollars it mattered. After this, the wealth does not matter. What matters is what you do in the life. Are you happy? Are you satisfied? Are you successful? And this has been my target, this has been my vision: create something unique and different in the business in which you are in. That's how I moved in the steel industry. When I left India, I started in Indonesia. I learned my business for more then 12, 13 years in Indonesia, and I felt confident, I felt satisfied. So, I looked for more opportunities.

SB: But why is it, you say, that this wealth is not important to you? Because, I mean, face it Lakshmi, you live in perhaps the most expensive home in Britain. And when your daughter was getting married you put out a lavish wedding, some say 60 million dollars you spent on the wedding alone. So how do you reconcile that with what you just said?

LM: I never said this that I spent so much in my daughters wedding. It is all media speculatio

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