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HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Lakshmi Mittal
Birthday : 06/19/1950
Place of birth : Rajasthan - India
Public asset : 5,692,950 USD
Country of residence : United Kingdom
Linked companies : The Goldman Sachs Group, Inc. - ArcelorMittal - Aperam S.A.

Biography of Lakshmi Mittal 
Lakshmi Niwas Mittal ; born 2 September 1950) is an Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..

In 2007, Mittal was the richest man of Asian descent in the United Kingdom. Despite being the eighth wealthiest man in Britain in 2002, 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. His daughter Vanisha Mittal's wedding was the second most expensive in recorded history.

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,

Early life and career
Mittal studied at Shri Daulatram Nopany Vidyalaya from 1957 to 1964. He graduated from St. Xavier's College, Calcutta, with a B.Com degree from the University of Calcutta. His father, Mohan Lal Mittal, ran a steel business, Nippon Denro Ispat. In 1976, due to the curb of steel production by Indian government, the 26 year old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia. 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.

Philanthropy
Sports
After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with $9 million to support 10 Indian athletes with world-beating potential. In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. Arcelor Mittal Also financed the construction of [Orbit] for 2012 Summer Olympics.CN|date=March 2014
Source @ Wikipedia

Anecdotes
Lakshmi has a sumptuous residence in Kensington, which has been decorated with marble from the same quarries than the Taj Mahal. The British have called it “the Taj Mittal”.

In 2004, he offered his daughter’s wedding. The ceremony took place in France, in Vaux-le-Vicompte and in Versailles. It was one of the most expensive weddings (55 million euros).
Citations
"We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel."


Current positions of Lakshmi Mittal 
Holdings of Lakshmi Mittal 
Lakshmi Mittal : Personal Network 
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Latest news about Lakshmi Mittal 
07/13Arcelormittal Signs Mou with the Government of Spain Supporting €1 Billion Investment in Decarbonisation Technologies
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04/14ARCELORMITTAL : Plans $1 Billion Investment in Ukraine to Cut Pollution
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04/14Ukraine says ArcelorMittal to invest $1 bln to cut pollution
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03/04LAKSHMI MITTAL : ArcelorMittal Nippon Steel India plans $6.88 billion steel plant
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02/11Steel Mogul Lakshmi Mittal Turns Over CEO Role To Son -- Update
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02/11 : lang="en">New ArcelorMittal CEO plans $1 bln cost cuts
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