(Watch the artist interview and read post at BBC)
The 115m tall piece, named the ArcelorMittal Orbit, will be placed in the Olympic Park and will be 22m higher than New York’s Statue of Liberty. The £19.1m design incorporates the five Olympic rings and will offer visitors panoramic views of London.
And that’s how names and monuments get into the history books. Because long after the games are over, a monument named ArcelorMittal, bought for a paltry £16m, will tower over London for decades to come. And it will carry the name of Lakshmi Mittal, 2010 Forbes’ 5th richest man in the world.