Steel king
Name : Lakshmi Mittal
Gender : Male
Date of birth : Jun 15, 1950
Age: 58
City : Sadulpur
State/Region : Rajasthan
Country : India
Net Worth: $19.3 bil
Fortune: inherited and growing
Source: steel
Country Of Citizenship:India
Residence: London
Industry: Steel
Education: St Xavier's College Calcutta,
Bachelor of Arts / Science,
Marital Status: married, 2 children
Lakshmi Mittal has become something of a cult figure in the global steel industry. His company Mittal Steel is the largest steel maker in the world. After the recent merger between Mittal Steel and Arcelor which raged a big debate throughout the Europe, Laxmi Mittal current controls 10% of the total steel production and the combined entity that has come into force post-merger is three times the size of its nearest competitors.
Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan, in a poor family. The extended family of 20 lived on bare concrete floors, slept on rope beds and cooked on an open fire in the brickyard in a house built by his grandfather. Laxmi Mittal belongs to Marwari Aggarwal caste and his grandfather worked for the Tarachand Ghanshyam Das firm, one of the leading Marwari industrial firms of pre-independence India.
The family later on moved to Kolkata where his father Mohan Mittal became a partner in a steel company. Lakshmi Mittal graduated from St. Xaviers in Kolkata with a commerce degree in 1969. He began his career working in the family's steelmaking business in India and in 1976, Lakshmi Mittal founded Mittal Steel Company. He split from his father and two younger brothers in 1994 and took the international arm, with interests in Indonesia and Trinidad and Tobago, while the rest of the family kept the domestic Indian business. In the last few years Mittal Steel has made a number of acquisitions, buying up a network of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the only truly global steel producer in the world with operations on 14 countries, spanning 4 continents.
Lakshmi Mittal is also known for his opulence. In 2003, he acquired the Kensington mansion, said to be the world's most expensive home, from Formula One racing's Bernie Ecclestone for £70 million ($128 million). His daughter Vanisha's $50 million wedding bash is touted as the most expensive wedding of the 20th century.
In March 2006, Lakshmi Mittal was listed as the third wealthiest person in the world after Bill Gates and Warren Buffet by Forbes Magazine.
Mittal has received accolades for his achievements. In 1996, he was awarded the title 'Steel maker of the Year' by New Steel Magazine in the USA, and he received the Eighth Honorary Willy Korf Steel Vision Award, the highest recognition for world wide achievement in the steel industry in June 1998. The award was presented by the American Metal Market, a specialised publication, and Paine Weber's World Steel Dynamics in New York., for outstanding vision, entrepreneurship, leadership and success in global steel development, from the American Metal Market and Paine Weber's World Steel Dynamics. In 2004, he was awarded the 'European Business man of the year' by Fortune Magazine. Mittal is an active philanthropist and a member of various trusts.
Lakshmi Mittal Buying London's Costliest House For Son
The property on Palace Greens, one of the most expensive houses in the world is going to be purchased by steel tycoon Lakshmi Mittal for his son Aditya. The London mansion is going to be purchased by the ArcelorMittal chairman for his only son in a record 117 million pounds ($230 million). The property is close to Kensington Palace Gardens, where the steel tycoon himself lives.
Lakshmi Mittal’s family, the richest man of Britain is known to have approached for the house, which is next to the Israeli embassy. He is believed to be close to exchanging contracts with owner Noam Gottesman, a US born financier. The American born hedge fund magnate is believed to have a fortune of 460 million pounds.
Stephen Holmes of the London property agent Savills remarked that there are just twenty properties of with that view of Kensington Palace, and people queue up to lay their hands on them. Mr. Lakshmi Mittal is the owner and chairman of world’s biggest steel manufacturing company ArcelorMittal, which is worth 27.7 billion pounds.
Motivational Quotes by Indian Billionaire Lakshmi Mittal
“Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them”.-Lakshmi Mittal
“Always think outside the box and embrace opportunities that appear, wherever they might be.”
“When people can see which direction the leaders are going in it becomes easier to motivate them.”
Name : Lakshmi Mittal
Gender : Male
Date of birth : Jun 15, 1950
Age: 58
City : Sadulpur
State/Region : Rajasthan
Country : India
Net Worth: $19.3 bil
Fortune: inherited and growing
Source: steel
Country Of Citizenship:India
Residence: London
Industry: Steel
Education: St Xavier's College Calcutta,
Bachelor of Arts / Science,
Marital Status: married, 2 children
Lakshmi Mittal has become something of a cult figure in the global steel industry. His company Mittal Steel is the largest steel maker in the world. After the recent merger between Mittal Steel and Arcelor which raged a big debate throughout the Europe, Laxmi Mittal current controls 10% of the total steel production and the combined entity that has come into force post-merger is three times the size of its nearest competitors.
Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan, in a poor family. The extended family of 20 lived on bare concrete floors, slept on rope beds and cooked on an open fire in the brickyard in a house built by his grandfather. Laxmi Mittal belongs to Marwari Aggarwal caste and his grandfather worked for the Tarachand Ghanshyam Das firm, one of the leading Marwari industrial firms of pre-independence India.
The family later on moved to Kolkata where his father Mohan Mittal became a partner in a steel company. Lakshmi Mittal graduated from St. Xaviers in Kolkata with a commerce degree in 1969. He began his career working in the family's steelmaking business in India and in 1976, Lakshmi Mittal founded Mittal Steel Company. He split from his father and two younger brothers in 1994 and took the international arm, with interests in Indonesia and Trinidad and Tobago, while the rest of the family kept the domestic Indian business. In the last few years Mittal Steel has made a number of acquisitions, buying up a network of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the only truly global steel producer in the world with operations on 14 countries, spanning 4 continents.
Lakshmi Mittal is also known for his opulence. In 2003, he acquired the Kensington mansion, said to be the world's most expensive home, from Formula One racing's Bernie Ecclestone for £70 million ($128 million). His daughter Vanisha's $50 million wedding bash is touted as the most expensive wedding of the 20th century.
In March 2006, Lakshmi Mittal was listed as the third wealthiest person in the world after Bill Gates and Warren Buffet by Forbes Magazine.
Mittal has received accolades for his achievements. In 1996, he was awarded the title 'Steel maker of the Year' by New Steel Magazine in the USA, and he received the Eighth Honorary Willy Korf Steel Vision Award, the highest recognition for world wide achievement in the steel industry in June 1998. The award was presented by the American Metal Market, a specialised publication, and Paine Weber's World Steel Dynamics in New York., for outstanding vision, entrepreneurship, leadership and success in global steel development, from the American Metal Market and Paine Weber's World Steel Dynamics. In 2004, he was awarded the 'European Business man of the year' by Fortune Magazine. Mittal is an active philanthropist and a member of various trusts.
Lakshmi Mittal Buying London's Costliest House For Son
The property on Palace Greens, one of the most expensive houses in the world is going to be purchased by steel tycoon Lakshmi Mittal for his son Aditya. The London mansion is going to be purchased by the ArcelorMittal chairman for his only son in a record 117 million pounds ($230 million). The property is close to Kensington Palace Gardens, where the steel tycoon himself lives.
Lakshmi Mittal’s family, the richest man of Britain is known to have approached for the house, which is next to the Israeli embassy. He is believed to be close to exchanging contracts with owner Noam Gottesman, a US born financier. The American born hedge fund magnate is believed to have a fortune of 460 million pounds.
Stephen Holmes of the London property agent Savills remarked that there are just twenty properties of with that view of Kensington Palace, and people queue up to lay their hands on them. Mr. Lakshmi Mittal is the owner and chairman of world’s biggest steel manufacturing company ArcelorMittal, which is worth 27.7 billion pounds.
Motivational Quotes by Indian Billionaire Lakshmi Mittal
“Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them”.-Lakshmi Mittal
“Always think outside the box and embrace opportunities that appear, wherever they might be.”
“When people can see which direction the leaders are going in it becomes easier to motivate them.”
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