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Lakshmi Nivas Mittal was born on June 15, 1950 in Sadulpur,
Rajasthan, India and is presently the CEO & Chairman of
Arcelor Mittal. Lakshmi Nivas Mittal was listed in the Forbes
List of Billionaires in 2006 as the the richest Indian and
the fifth richest man in the world with an estimated wealth
around of $25.0 billion and is the richest man in the United
Kingdom.
Young Lakshmi Nivas Mittal spent his first years in Sadulpur,
before his father moved to Kolkata. Lakshmi graduated from
St. Xavier's College, Calcutta. He founded Mittal Steel
in 1976, which soon became a global steel producer with
operations on 14 countries. His success mantra lies in the
identification, acquisition and turnaround of many loss
making steel companies all across the world.
In 1994, he took over the international operations of his
family's steel business. Arcelor Mittal is presently the
world's largest producer of low and mid-grade steels, with
operations in Romania, Bosnia-Herzegovina, South Africa,
Poland, Czech Republic, Indonesia, Kazakhstan and many other
countries.
Mittal is considered to be close to the British Prime Minister
Tony Blair and has donated large sums of money to the Labour
party coffers. He bought his residence at 18-19 Kensington
Palace Gardens from Formula One car racing boss Bernie Ecclestone
in 2004 for £57.1 million ($105.7 million), the highest-ever
price paid for a house.
His son Aditya is the CFO (Chief Financial Officer) of Arcelor
Mittal. Mr. Mittal has been nominated as a member of the
Foreign Investment Council in Kazakhstan, the International
Investment Council in South Africa, the World Economic Forum's
International Business Council, besides being a Director
of ICICI Bank Limited and being on the Advisory Board of
the Kellogg School of Management in the United States.
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