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| Lakshmi Mittal |
Born :- 2 September 1950 Sadulpur, Rajasthan
Residence :- London, United Kingdom
Alma mater :- St. Xavier's College, Calcutta(B.Com.)
Occupation :- Chairman & CEO of, ArcelorMittal, Owner of Karrick Limited,
Co-owner of Queens Park Rangers F.C.
spouse :- Usha Mittal
Children :- Vanisha Mittal, Aditya Mittal
Net worth :- US$ 16.5 billion (March 2013
Introduction
Lakshmi Niwas Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 41 percent of ArcelorMittal and holds a 34 percent stake in the Queens Park Rangers F.C. football team.
Mittal is the richest man of Asian descent. Despite being the second wealthiest man in Britain, he does not hold British citizenship. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to having lost $10.4 billion the previous year. In spite of the drop, Forbes estimates that he still had a personal wealth of US$16 billion in October 2012. He is also the 47th "most powerful person" of the 70 individuals named in Forbes' "Most Powerful People" list for 2012. His daughter Vanisha Mittal's wedding was the second most expensive in recorded history.
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| Mittal is giving speech |
Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the European Aeronautic Defence and Space Company. He sits on the World Steel Association's executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique. He also sits on the advisory board of Northwestern University's Kellogg School of Management in the United States and is a member of the board of trustees of the Cleveland Clinic.
In 2006 The Sunday Times named him "Business Person of 2006", the Financial Times named him "Person of the Year", and Timemagazine named him "International Newsmaker of the Year 2006" In 2007, Time magazine included him in their "100 most influential persons in the world".
About life
Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal was born into an Indian business family in Rajgarh tehsil (also known as Sadulpur) of Churu district in Rajasthan, India. His family moved from (Rajgarh) Sadulpur, Rajasthan to Calcutta in West Bengal. Mittal has two siblings—Pramod Mittal and Vinod Mittal. He graduated from St. Xavier's College, Calcutta, with a Bachelor of Commerce degree in business and accounting. His father, Mohan Lal Mittal, ran a steel business, Nippon Denro Ispat. Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in Nagpur and an alloy steels plant near Pune. Today, the family business, including a large integrated steel plant near Mumbai, is run by Pramod and Vinod, but Lakshmi has no connection with it.
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| Mittal with then-president of Brazil Luiz Inácio Lula da Silva, 2006 |
His residence at 18-19 Kensington Palace Gardens—which was purchased from Formula One boss Bernie Ecclestone in 2004 for £57 million (US$128 million)—made it the world's most expensive house at the time. The house is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal". It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars. He is a vegetarian.
Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal who is married to Amit Bhatia, a businessman and philanthropist. Being a vegetarian, Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France.
Mittal owns three prime properties collectively worth £500 million on "Billionaire's Row" at Kensington Palace Gardens.
In 2005 he also bought a colonial bungalow for $30 million at No. 22, Aurangzeb Road in New Delhi, India, the most exclusive street in the city, occupied by embassies and millionaires, and rebuilt it as a house.
Awards
| Year of Award or Honour | Name of Award or Honour | Awarding Organization |
|---|---|---|
| 2010 | "Dostyk" 1 | Republic of Kazakhstan. |
| 2008 | Forbes Lifetime Achievement Award | Forbes |
| 2008 | Padma Vibhushan | Government of India |
| 2007 | Grand Cross of Civil Merit | Government of Spain |
| 2007 | Dwight D. Eisenhower Global Leadership Award | Business Council for International Understanding |
| 2007 | Fellowship | King's College London |
| 2004 | European Businessman of the Year | Forbes |
| 2004 | Entrepreneur of the Year | Wall Street Journal |
| 2004 | 8th honorary Willy Korf Steel Vision Award | American Metal Market and World Steel Dynamics |
| 1996 | Steel Maker of the Year | New Steel |
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