If you have a question of “Who is Lakshmi Mittal?”, then this Lakshmi Mittal biography will answer your question. So, who is actually Lakshmi Mittal? The name may sound familiar to you who work in multinational company.
Yes, Lakshmi Mittal is an Indian steel magnate and a CEO of ArcelorMittal, a company he founded. He is currently the sixth richest person in the world with total wealth of US$31.1 billion. He is also an independent director of Goldman Sachs and a board member of the Prime Minister of India’s Global Advisory Council of Overseas Indians.
Lakshmi Mittal Biography
Lakshmi Mittal was born as Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal on June 5, 1950. He was born into a Marwari business family in Rajasthan, India and moved to Calcutta. His father was a steel businessman called Nippon Denro Ispat. He has two brothers who also run the family steel business which has no connection with Mittal’s steel company.
Lakshmi Mittal started his own international steel business by buying a run-down plant in Indonesia. His steel business is now the biggest in the world with 50 million of tons shipment and more than $22 billion profits in 2004.
Today, he lives in London, England. He resides at 18-19 Kensington Palace Gardens which he purchased from Bernie Ecclestone for £57 million in 2004. He is also the owner of various elite and exclusive properties and estates in England, Scotland, and India such as Summer Palace in the Bishops Avenue, a penthouse apartment in Old Park Lane London, and a colonial bungalow in New Delhi, India.
Mittal is also keen in sports. He holds 20% of Queens Park Rangers football club and is looking forward to investing in other English football clubs. He also set up a Mittal Champions Trust in India as a response of poor India’s achievement in 2000 and 2004 Summer Olympics, adding more sports flavor in Lakshmi Mittal biography.