Lakshmi Mittal


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Lakshmi Mittal is the CEO and founder of ArcelorMittal. He serves as a non-executive director of Golman Sachs, EADS and ICICI Bank and is also currently the vice president of the World Steel Association. As of July 2010, Mittal is the richest man in Europe and the fifth richest man in the world with a personal wealth of US$28.7 billion.

Lakshmi Mittal was born on 2 September 1950 in Sadulpur village, in the Churu district of Rajasthan, India into a business family of Rajasthan. He is from a wealthy family, his family Mohan Lal Mittal who run a small steel business.

Career

He started his career working in the family business and in 1976 the family founded its own steel business, he establishes it to international division. Soon Mittal Steel becomes the largest steelmaker in the world. Mittal is also an active philanthropist. He is a member of Foreign Investment Council in Kazakhstan, International Investment Council in South Africa, World Economic Forums’ International Business Council, International Iron and Steel Institute’s Executive Committee. He is a member in the Advisory Board of Kellogg School of Management.

In 2009, the Forbes magazine listed Lakshmi Mittal world’s eight richest people with net of US$19.3 billion. In2008, he was reported the fourth wealthiest Person in the world and also in Asia by Forbes Magazine. ArcelorMittal is the largest steel company in the world and it is own by Mittal.

In 2000 Summer Olympic, India win one goal medal, bronze. In 2004, one goal medal and silver again after seeing the results India performing well in the Olympic, Mittal decided to set up Mittal Champion Trust with US$ 9 million for supporting 10 Indian athletes . In 2008, he awarded Abhinav Bindra with 1.5 Crore as he was the first India Olympic who win gold medal in shooting. For Comic Relief 2007, the company operates the ArcelorMittal Foundation which provides to many different community projects all over the world.

Presently Lakshmi Mittal lives in Kensington, London with wife Usha, he has two children Vanisha Mittal and Aditya Mittal. His residence at 18-19 Kensington Palace Gardens, he purchased from Bernie Ecclestone in 2004. The house in Kensington, London is decorated with marble. The palace has 12 bedrooms, an indoorpool, Turkish baths and parking for 20 cars. He also bought No.6 Palace Greens, Gardens, from financier Noam Gottesman for his son Aditya Mittal. And in 2008, he bought No.9a Palace Greens, Kensington Garedns, formerly the Filipino embassy for his daughter Vanisha Mittal Bhatia.

Lakshmi Mittal Awards

  • In 2007, he was awarded “Bessemer Gold Medal”
  • In 2006, he was awarded “Person of the Year” by Financial Times
  • In 2004, he was awarded “European Businessman of the Year” by Fortune Magazine
  • In 1998 he was awarded “Willy Korf Steel Vision Award” by American Metal Market and PaineWeber’s World Steel Dynamics
  • In 1996 He was awarded “Steelmaker of the Year” by New Steel.
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