Wednesday, 7 September 2011


Lakshmi Mittal - Success Story

Born: June 15, 1950, Sadulpur, Rajasthan, India.

Age: 61

Country of Citizenship: India

Residence: London, United Kingdom, Europe & Russia

Religious stance: Hinduism

Occupation: Chairman & CEO of Arcelor Mittal

Net worth: $51.0 billion USD

Fortune: Inherited and growing

Source: Steel

Industry: Manufacturing


Marital Status: Married, 2 children

Education: St Xavier's College Calcutta, Bachelor of Arts / Science.


  • He is the fifth richest person in the world.
  • 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.
  • His first years in India, living with his extended family on bare floors and rope beds in a house built by his grandfather.
  • Lakshmi was a keen student and his classmates knew him as a sharp student who was good with numbers.
  • 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 steel, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan, Canada, Bulgaria, United States and Brazil.
  • Although Mittal has been living abroad for many years, he claims he will remain an Indian.
  • 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. Formerly, this house was the residence of Paul Reuter, the founder of the Reuters news service.
  • 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.
  • 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."
  • 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.
  • For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.

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