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{{Infobox_Celebrity
| name = Lakshmi Mittal
| image =Lakshmimittal22082006.jpg
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| birth_date = {{birth date and age|1950|6|15}}
⚫
| birth_place = {{flagicon|IND}} [[Sadulpur]], [[Rajasthan]], [[India]]
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| religion = {{Hinduism|Hindu}}[[Hinduism]]
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| residence = {{flagicon|GBR}} [[London]],[[United Kingdom]]
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| occupation = CEO & Chairman of [[Arcelor Mittal]]
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| country = {{flagicon|IND}} [[India]]
| networth = {{gain}} $32 billion [[USD]] [http://www.forbes.com/lists/2007/10/07billionaires_Lakshmi-Mittal_R0YG.html]
| website=[http://www.mittalsteel.com/Company/Management/Board+of+Directors/Lakshmi+N.+Mittal.htm Profile on mittalsteel.com]
| footnotes=
}}


⚫
'''Lakshmi Narayan Mittal'''<ref>http://www.investingvalue.com/investment-leaders/lakshmi-mittal/index.htm | Lakshmi Mittal Biography | accessdate=7-21-2007</ref> (or '''Lakshmi Nivas Mittal''') ('''लक्ष्मी निवास मित्तल''') (born [[June 15]], [[1950]]) is a [[London]]-based [[India]]n [[billionaire]] [[industrialist]], born in [[Sadulpur]] Village, in the [[Churu]] district of [[Rajasthan]], [[India]], and residing in [[Kensington]], [[London]]. He is the fifth richest person in the world, with a fortune of [[US$]]32 billion according to ''[[Forbes]]''.<ref>http://www.forbes.com/lists/2007/10/07billionaires_Lakshmi-Mittal_R0YG.html </ref><ref>http://news.bbc.co.uk/2/hi/business/6571269.stm </ref>
NAME - LAKSHMI MITTIAL
⚫
birth_date = {{birth date and age|1950|6|15}}
⚫
birth_place = {{flagicon|IND}} [[Sadulpur]], [[Rajasthan]], [[India]]
⚫
religion = {{Hinduism|Hindu}}[[Hinduism]]
⚫
residence = {{flagicon|GBR}} [[London]],[[United Kingdom]]
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occupation = CEO & Chairman of [[Arcelor Mittal]]
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country = {{flagicon|IND}} [[India]]
networth = {{gain}} $32 billion [[USD]]



Lakshmi Mittal Biography '''Lakshmi Nivas Mittal''') ('''लक्ष्मी निवास मित्तल''')
⚫
(born [[June 15]], [[1950]]) is a [[London]]-based [[India]]n [[billionaire]] [industrialist]], born in [[Sadulpur]] Village, in the [[Churu]] district of [[Rajasthan]], [[India]], and residing in [[Kensington]], [[London]]. He is the fifth richest person in the world, with a fortune of [[US$]]32 billion according
The ''[[Financial Times]]'' named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by ''[[Time]]'' magazine.
The ''[[Financial Times]]'' named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by ''[[Time]]'' magazine.



==Early years==
==Early years==
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Mittal's house in [[Kensington Palace Gardens|Kensington]], London is decorated with marble taken from the same [[quarry]] that supplied the [[Taj Mahal]]. The extravagant show of wealth has been deemed the "Taj Mittal."<ref>http://www.forbes.com/2007/03/06/estate-rich-home-forbeslife_07billionaires_cz_mw_0308homes.html </ref>
Mittal's house in [[Kensington Palace Gardens|Kensington]], London is decorated with marble taken from the same [[quarry]] that supplied the [[Taj Mahal]]. The extravagant show of wealth has been deemed the "Taj Mittal."<ref>http://www.forbes.com/2007/03/06/estate-rich-home-forbeslife_07billionaires_cz_mw_0308homes.html </ref>


Recently, Mittal has emerged as a leading contender to buy Barclays Premiership club [[Birmingham City]], but has so far refused to comment. On [[June 25th]] Hong Kong businessman [[Carson Yeung]] bought a 29.9% stake in Birmingham City making a full takeover from Mittal increasingly unlikely
Recently, Mittal has emerged as a leading contender to buy Barclays Premiership club [[Birmingham City]], but has so far refused to comment. On [[June 25th]] Hong Kong businessman [[Carson Yeung]] bought a 29.9% stake in Birmingham City making a full takeover from Mittal increasingly unlikely.<ref>http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2007/06/13/sfnbir13.xml </ref>


==Charity==
==Charity==
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*1998: Willy Korf Steel Vision Award - ''American Metal Market'' and ''PaineWeber’s World Steel Dynamics''
*1998: Willy Korf Steel Vision Award - ''American Metal Market'' and ''PaineWeber’s World Steel Dynamics''
*1996: Steelmaker of the Year - ''New Steel''
*1996: Steelmaker of the Year - ''New Steel''

==See also==
*[[Arcelor Mittal]]
*[[List of billionaires]]

==References==
{{reflist|2}}

==External links==
*[http://www.arcelormittal.com ArcelorMittal website]
*[http://www.time.com/time/europe/magazine/article/0,13005,901060213-1156507,00.html Article on Mittal with background on Arcelor takeover bid] - ''[[Time (magazine)|Time]]''
*[http://business.timesonline.co.uk/article/0,,9072-1521099,00.html Article on Mittal] - Times Online
*[http://www.indobase.com/indians-abroad/laxmi-mittal.html Biography of Lakshmi Mittal]
*[http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm Q&A on the "Mittalgate" scandal] - [[BBC News]]
*[http://news.bbc.co.uk/1/hi/world/south_asia/3830009.stm BBC - ""Glimpsing a Fairytale Wedding""] - [[BBC News]]
*[http://www.webindia123.com/personal/abroad/mittal.htm Personal information] - webindia123.com
*[http://yachts.monacoeye.com/pages/20070518amevi02.html Amevi] - Photo of Mittal's new 80m (262'5") yacht, [http://www.powerandmotoryacht.com/megayachts/megayacht%2Damevi%2D2007/| ranked #32]of World’s 100 Largest Yachts 2007 by [[Power & Motoryacht Magazine]]

*[http://www.agarwaltoday.com/jul061.html Proud to be Indian] - Agarwal Today.com Report

[[Category:Arcelor Mittal|*]]
[[Category:Indian businesspeople|Mittal, Lakshmi]]
[[Category:Businesspeople in steel|Mittal]]
[[Category:British political scandals|Mittal]]
[[Category:Billionaires|Mittal, Lakshmi]]
[[Category:University of Calcutta alumni|Mittal, Lakshmi]]
[[Category:Labour Party (UK)|Mittal]]
[[Category:People from Rajasthan|Mittal, Lakshmi]]
[[Category:Indian expatriates|Mittal]]
[[Category:British Asians|Mittal, Lakshmi]]
[[Category:British Hindus|Mittal, Lakshmi]]
[[Category:1950 births|Mittal]]
[[Category:Living people|Mittal]]

[[cs:Lakshmi Mittal]]
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[[fr:Lakshmi Mittal]]
[[hi:लक्ष्मी मित्तल]]
[[id:Lakshmi Mittal]]
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[[ja:ラクシュミー・ミッタル]]
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[[ro:Lakshmi Mittal]]
[[ru:Миттал, Лакшми]]
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[[ta:லக்ஸ்மி மிட்டால்]]
[[tr:Lakshmi Mittal]]
[[uk:Міттал Лакшмі]]
[[zh:拉克希米·米塔尔]]

Revision as of 10:15, 23 July 2007

Lakshmi Mittal
Born (1950-06-15) June 15, 1950 (age 74)
India Sadulpur, Rajasthan, India
OccupationCEO & Chairman of Arcelor Mittal
WebsiteProfile on mittalsteel.com

Lakshmi Narayan Mittal[1] (or Lakshmi Nivas Mittal) (लक्ष्मी निवास मित्तल) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in the Churu district of Rajasthan, India, and residing in Kensington, London. He is the fifth richest person in the world, with a fortune of US$32 billion according to Forbes.[2][3]

The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.

Early years

Lakshmi spent his first years in India, living with his extended family on bare floors and rope beds in a house built by his grandfather. His family, from the Marwari Aggarwal caste, was from humble roots; his grandfather worked for the Tarachand Ghanshyamdas Poddar firm, one of the leading Marwari industrial firms of pre-independence India. They eventually moved to Calcutta where his father, Mohan, became a partner in a steel company and made a fortune.

Lakshmi was a keen student and his classmates knew him as a sharp student who was good with numbers. He graduated at the top from St. Xavier's College in Kolkata with a Bachelor of Commerce degree[4] in Business and Accounting in 1969.[citation needed]

Career

Lakshmi Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, Mittal set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. The family or Mittal never spoke to the public about the reasons for the split, although, there were rumors it was due to financial instablity between the brothers.

Today

Since 2005, Mittal has been the richest person residing in the United Kingdom. He is the President of the Board of Directors and CEO of Arcelor Mittal; Arcelor Mittal is the world's largest producer of low and mid-grade steels, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan and the United States. On July 13, 2005 it was announced that he had donated £2 million to the Labour Party, and on January 16 2007 it was announced that he had donated a further £3 million.[citation needed] Although he has been living abroad for many years, he claims he will remain an Indian. [5]

Personal wealth

In March 2007, Mittal was reported the 5th wealthiest person in the world by Forbes Magazine (up from 61st richest in 2004). The Mittal family owns 44% of Arcelor Mittal, the world's largest steel company.[6]

His residence at 18-19 Kensington Palace Gardens was bought from Formula One car racing boss Bernie Ecclestone in 2004 for £57.1 million ($105.7 million), the world's highest price ever paid for a house.[7] Formerly, this house was the residence of Paul Reuter, the founder of the Reuters news service.[8]

Mittal has two children. His son, Aditya Mittal, is the CFO of Arcelor Mittal. Mittal paid over £30 million to host his daughter Vanisha's wedding celebration in Vaux le Vicomte on 22 June 2004 and an engagement ceremony at the Palace of Versailles on 20 June 2004, the world's most expensive wedding ever. He even hosted a Bollywood night where superstars like Rani Mukerji, Saif Ali Khan, Shahrukh Khan and Aishwarya Rai performed. Kylie Minogue also sang on stage.[9]

Mittal's house in Kensington, London is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been deemed the "Taj Mittal."[10]

Recently, Mittal has emerged as a leading contender to buy Barclays Premiership club Birmingham City, but has so far refused to comment. On June 25th Hong Kong businessman Carson Yeung bought a 29.9% stake in Birmingham City making a full takeover from Mittal increasingly unlikely.[11]

Charity

After witnessing India win only one medal, bronze, in the 2000 Olympics, and one medal, silver, at the 2004 Olympics, Mittal decided to set up Mittal Champions Trust with U$9 million to support 10 Indian athletes with world-beating potential.[12]

For Comic Relief 2007, he matched the money raised (~£1million) on the celebrity special BBC programme, The Apprentice.

Awards

  • 2006: Person of the Year - Financial Times
  • 2004: European Businessman of the Year - Fortune magazine
  • 1998: Willy Korf Steel Vision Award - American Metal Market and PaineWeber’s World Steel Dynamics
  • 1996: Steelmaker of the Year - New Steel

See also

References

  1. ^ http://www.investingvalue.com/investment-leaders/lakshmi-mittal/index.htm | Lakshmi Mittal Biography | accessdate=7-21-2007
  2. ^ http://www.forbes.com/lists/2007/10/07billionaires_Lakshmi-Mittal_R0YG.html
  3. ^ http://news.bbc.co.uk/2/hi/business/6571269.stm
  4. ^ http://www.investingvalue.com/investment-leaders/lakshmi-mittal/index.htm | Lakshmi Mittal Biography | accessdate=7-21-2007
  5. ^ Mittal says he will remain an Indian. - [Agarwal Today Special Report]
  6. ^ "Mittal announces bid for rival Arcelor". The Guardian. January 27, 2006.
  7. ^ The sale was widely misreported at £70 million, "$128M Spend for London House". MSNBC. April 12, 2004. before accurate figures were available from HM Land Registry."Super rich". The Guardian. April 17, 2006.
  8. ^ "Super rich". The Guardian. April 17, 2006.
  9. ^ http://www.weddingsutra.com/community/featured_vanisha_prewed.asp
  10. ^ http://www.forbes.com/2007/03/06/estate-rich-home-forbeslife_07billionaires_cz_mw_0308homes.html
  11. ^ http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2007/06/13/sfnbir13.xml
  12. ^ http://dnaindia.com/report.asp?NewsID=9054
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