[citation needed]. He turned them into profitable ventures in a year. [55], Slave-labour allegations and questionable safety records, "Lakshmi Mittal Chairman and CEO of Mittal Steel", "Lakshmi Mittal, Owner of Karrick Limited", "Lakshmi Mittal, the King of Steel, Trips Up", "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan", "The List of Great Entrepreneurs of India in 2015", "Lakshmi Mittal buys 20 per cent stake in Queens Park Rangers - Times of India", "Mittal richest in Europe and UK; fifth in the world", "The 12 Most Expensive Weddings in History", "India's Richest 2019: Fortune Favors A Few As Growth Slows", "India's Top Billionaires & Schools They Attended", "Lakshmi Mittal Biography: Education, Net Worth and His Personal Life", "Nur Saidah: Surabaya's steel woman in a tough industry", "Interesting facts about Lakshmi Mittal that will inspire you", "From the Caribbean to global steel giant: The rise of ArcelorMittal", "Mittal's Olympic dream is worth Rs 40 crore", "Mittals' £15m gift to Great Ormond Street is a record", "Coronavirus crisis: Lakshmi Mittal announces Rs 100 cr to PM CARES Fund", "How tycoon went from polo lawns to Polish jail", "Poland wants to renegotiate terms of PHS sale to Arcelor Mittal", "Methane Blast Kills at Least 23 at ArcelorMittal Coal Mine in Kazakhstan", "Lakshmi Mittal pushes QPR up the rich list", "Photo Gallery: Homes of the Billionaires", "On billionaire row, it's simple, veggie fare", "Just a little £50m family wedding, Mittal-style", "Rich List reveals wealthy reap profits under Labour", "Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune", "The Sunday Times Rich List 2010: Rising from the rubble", "Fifty Indians on Forbes' global billionaire club", "Top 10 Richest People in India: Mukesh Ambani, Lakshmi Mittal, Dilip Shanghvi", "Heir style: the rich kids who have it all", "Bill Gates tops Forbes billionaire list, Mukesh Ambani richest Indian", "2015 Forbes Billionaires: Full List Of Asia's 562 Richest People", Article on Mittal with background on Arcelor takeover bid, BBC News Online – "Glimpsing a Fairytale Wedding", Article on Mittal Family purchase of Escada, https://en.wikipedia.org/w/index.php?title=Lakshmi_Mittal&oldid=999339919, Indian Institute of Social Welfare and Business Management alumni, Queens Park Rangers F.C. He paid for his daughter Vanisha Mittal's wedding which was the second most expensive known wedding in history. In 2008, the Mittals made a donation of £15 million to Great Ormond Street Hospital in London, the largest private contribution the hospital had ever received. He worked with the investment bank Credit Suisse First Boston in the mergers department before joining the family business in 1997. Personal Life. Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal, and a sister, Seema Lohia, who married Indonesian businessman, Sri Prakash Lohia. Lakshmi Mittal’s mother’s name is unknown at this time and his father’s name is under review. Lakshmi Mittal Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. directors and chairmen, Recipients of the Padma Vibhushan in trade & industry, Articles with unsourced statements from March 2014, Wikipedia articles with PLWABN identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, 8th honorary Willy Korf Steel Vision Award, American Metal Market and World Steel Dynamics, This page was last edited on 9 January 2021, at 18:06. Then Mittal went to London.He was the third richest person in the world in Forbes’ 2005 list.He was the first Indian to make it to the top ten list. [52] Meanwhile, in 2016 Forbes magazine's annual billionaires list assessed estimated Mittal's wealth in 2016 at as the 135th-wealthiest billionaire with a net worth of US$8.4 billion. [42], Mittal purchased the Irish Steel plant based in Cork, Ireland, from the government for a nominal fee of £1 million. For more than a decade, The Lakshmi Mittal and Family South Asia Institute at Harvard University has supported interdisciplinary research, engagement, and programming for faculty, students, and visiting scholars at Harvard and in the South Asia region. Boeing plans to resume commercial airplane production in Washington State by … Mittal family net worth stands currently at $15.9 billion. The British press continues its fascination with Mittal and his family, which includes his son, Aditya, who serves as president and chief financial officer of Mittal Steel. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat. [47] He is a lacto-vegetarian. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. This is a full-time Temp, non-benefitted position at 35 hours/week that … The Lakshmi & Usha Mittal Foundation is a charitable trust founded by the Steel Baron Mr. Lakshmi N. Mittal. He was named as 47th most powerful person in the Forbes’ list for 2012. Mr. [10][11] In 2007, Mittal was considered to be the richest Asian person in Europe. Billionaire Lakshmi Niwas Mittal was born into an Indian Hindu business family in 1950, one of four children. [45] The extravagant show of wealth has been referred to as the "Taj Mittal". His father ran a steel business, Nippon Denro Ispat. [citation needed], In 2003, the Lakshmi Niwas Mittal, Usha Mittal Foundation and the Government of Rajasthan partnered together to establish a university, the LNM Institute of Information Technology (LNMIIT) in Jaipur as an autonomous non-profit organisation. As of today, the family business is still run by Lakshmi’s brothers Pramod and Vinod. CELP has transformed the lives of first-in-family college students from over 115 countries by identifying & nurturing hidden talent to build next-generation leaders. Lakshmi Niwas Mittal has three siblings – two brothers and a sister. [31], Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatisation of PHS steel group, which was Poland's largest. [19], In 2019, Forbes named him in the list of India's Richest 2019. His father ran a steel business, Nippon Denro Ispat. Foundation’s thrust in the area of education is distinct. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating similar benefactors such as Roman Abramovich. It was a lavish affair where 1000 guests were invited, 12 Boeing jets were hired, over 10,000 flowers used for wedding decoration, 45 professional chefs and a stream of designer dresses, jewelry and food were featured. [32], In 2007, the Polish government said it wanted to renegotiate the 2004 sale to ArcelorMittal. [33], Employees of Mittal have accused him of allowing "slave labour" conditions after multiple fatalities in his mines. She has been an integral part of Mittal’s steel business for 15 years and in 2997, Arcelor Mittal passed a resolution that ‘entrusted her with the temporary responsibility of managing’ the company in the absence of its directors. The eponymous college of Usha Mittal Institute of Technology promotes women’s education in India. [18] In 2007, Time magazine included him in their "Time 100" list. 22, Dr APJ Abdul Kalam Road, New Delhi, one of the most exclusive streets in India, occupied by embassies and billionaires, and rebuilt it as a house. #8) Lakshmi Mittal. Today, the family business, including a large integrated steel plant near Mumbai, is run by his younger brothers Pramod Mittal and Vinod Mittal, but Lakshmi has no connection with it. Facing constraints at home, he sent Lakshmi to Indonesia in 1976, where he set up a plant. [50], According to the Sunday Times Rich List 2016, Mittal and his family had an estimated personal net worth of GB£7.12 billion,[51] a decrease of $2.08 billion on the previous year. Like many famous people and celebrities, Lakshmi Mittal keeps his personal life private. Mittal’s elder son and Pramod Mittal’s brother, Laxmi Mittal, decided to break away from the family and took over the group’s overseas operations. They have a son Mittal]] and a daughter Vanisha Mittal. [15] His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history. In 2017, the Mittal family made a significant gift to Harvard University, where Mr. Mittal is a member of the Global Advisory Council, to support the Lakshmi Mittal and Family South Asia Institute at Harvard University. Lakshmi Mittal is the chairman and CEO of Arcelor Mittal, the world’s biggest steel-making company. 1.5 Crore (Rs. [18], In 2005, The Sunday Times named him "Business Person of 2006", the Financial Times named him "Person of the Year", and Time magazine named him "International Newsmaker of the Year 2006". [12][13] He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. [49], In December 2013, Mittal's niece Shrishti Mittal got married in a three-day celebration that is said to have brought Barcelona to a standstill and cost up to £50 million. Lakshmi Mittal serves as chairman and CEO of $70.6 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output. [38] LNM was a "major global competitor of Britain's own struggling steel industry". [40] As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. The donation was used to help fund their new facility, the Mittal Children's Medical Centre. While Lakshmi Mittal went on his own path in the steel-making industry, the family business dealt mainly handled cold-rolling mills for sheet steel in Nagpur and Pune. He is the sixth-richest person in the world in 2011, as ranked by Forbes. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair. It is engaged in various philanthropic activities for relief‚ rehabilitation‚ socio-economic development and education. In the 1960s Mittal’s family moved to Calcutta (Kolkata), where his father operated a steel mill. Usha Mittal was born on January 1, 1970. [20], Mittal was born in a Marwadi Family. Family. The senior Mittal started his journey by buying an ailing Kolkata steel mill in 1952, before turning it around. He is the Chief Executive Officer of the Arcelor Mittal, the planet’s biggest steel making organization. [16], Mittal has been a member of the board of directors of Goldman Sachs since 2008. Client Brief: We were tasked with entertaining Lakshmi Mittal and family at dinner with a murder mystery event involving the whole family from children through to the adults.Due to the high profile of the client, this also meant dealing with PAs and high levels of security on site and making sure the strict timings were adhered to. His family then relocated to Calcutta where his father established a small steel mill. In his childhood, he used to sleep on mats and floor; as he lived in a small house with 25 family members. [18] He is also a member of the board of trustees of the Cleveland Clinic. Lakshmi Niwas Mittal is an Indian-born steel magnate who is currently based in the United Kingdom and is the chairman and CEO of ArcelorMittal, the world’s largest manufacturer of steel.Fondly refered to as the Steel Baron of India, he is known for his lavish lifestyle and spening money on his family. A generous gift of £3.5 million from Lakshmi Mittal and his family has secured the future of a critical professorship in vaccinology at the University. He studied at Shri Daulatram Nopany Vidyalaya, Calcutta from 1957 to 1964. He is married to Usha Mittal. While Lakshmi Mittal went on his own path in the steel-making industry, the family business dealt mainly handled cold-rolling mills for sheet steel in Nagpur and Pune. [22], In 1976, due to the curb of steel production by the Indian government, the 26-year-old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia. They have a son Mittal]] and a daughter Vanisha Mittal. 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