Lakshmi Mittal Net Worth is$31.2 Billion
Lakshmi Mittal Annual Income isSpent Rs 500 crore or $93 million on his daughter's wedding
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Profession: Chief Executive Officer, Entrepreneur, Businessperson, Investor
Date of Birth: Jun 15, 1950
Ethnicity: Indian British, Agrawal, Marwaris, Indian people
Country: India
Lakshmi Mittal spent Rs 500 crore or $93 million on his daughter's wedding in 2014. What is Lakshmi Mittal's net worth? Lakshmi Mittal is an Indian business magnate, chairman and chief executive officer of he world's largest steelmaking company ArcelorMittal, who has a net worth of $31.2 billion dollars. Mittal was born into a wealthy Indian steel family. Mittal started his career in India by working in the family steelmaking business. That net worth makes him not only the richest man in India, but in Asia and the United Kingdom as well, in addition to being the second richest person in Europe and the 21st richest person in the entire world. Mittal made his fortune in the steel business, having entered into the family steel business from a young age. After a significant falling out with this parents, however, Mittal started his own steel business in Indonesia, which eventually became Arcelor Mittal, the company he made into one of the most successful in the world. Mittal was a pioneer in the development of integrated mini-mills and the use of "DRI" (direct reduced iron) used as a as a scrap substitute for steelmaking. Mittal led the consolidation process of the global steel industry and was named one of the "100 Most Influential People" by Time magazine in May 2007. Mittal's company has not been free from controversy, however, with many accusing him of exploiting "slave labor" conditions in his mines around the world. Between 2004 and 2007, his mines in Kazakhstan were responsible for the deaths of a total of 91 coalminers. Mittal has been involved in several other controversies involving political corruption and the working conditions through which he has accumulated his vast wealth. He is also known for his philanthropy, in particular his funding of a program to support Indian athletes in the Olympics following his disappointment in India's showing.
Lakshmi Niwas Mittal (born 15 June 1950) is an Indian steel magnate. He is the chairman and chief executive officer of ArcelorMittal, the world's largest steelmaking company.
Mittal is the richest man in India, Asia and the United Kingdom, and second in Europe and is presently the 6th richest individual in the world with a personal wealth of US$20.7 billion. He is the 44th "most powerful person" of the 68 individuals named in Forbes's Most Powerful People list. His daughter Vanisha Mittal's wedding was the most expensive in the recorded history of the world.
Mittal is an independent director of Goldman Sachs, member of Board of Directors to Goldman Sachs Media/Film IP Group, member of the Board of Directors of European Aeronautic Defence and Space Company,World Steel Association, Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors' Council to the Cabinet of Ministers of Ukraine, the World Economic Forum's International Business Council, the World Steel Association's Executive Committee, the Presidential International Advisory Board of Mozambique and the International Iron and Steel Institute's Executive Committee.
He also presently serves as a board council member of the Prime Minister of India's Global Advisory Council of Overseas Indians. and members in the Advisory Board of the Kellogg School of Management, Executive Board at Indian School of Business and St. Xavier's College, Calcutta Alumni Association, London Chapter.[citation needed]
In 2006, Financial Times named him "Person of the Year". In 2007, Time magazine included him in their "100 most influential persons in the world".
Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal was born into a Hindu Indian Marwari business family in Churu district of Rajasthan, India. His family moved from (Rajgarh)Sadulpur, Rajasthan to Calcutta in West Bengal. Mittal has two siblings (brothers) named Pramod Mittal and Vinod Mittal. He graduated from St.

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Lakshmi Mittal Latest News

London Mayor Sadiq Khan Most Influential Asian in Britain

The list compiled by the Asian Media and Marketing Group (AMG) also includes NRI steel tycoon Lakshmi Mittal at seventh position while Pakistani-origin activist and Nobel Prize winner Malala Yousafzai features tenth on the list. Sir Rabinder Singh ...
Posted: October 21, 2016, 12:50 am

UK Mayor Sadiq Khan most influential Asian in Britain

The list compiled by the Asian Media and Marketing Group (AMG) also includes NRI steel tycoon Lakshmi Mittal at seventh position while Pakistani-origin activist and Nobel Prize winner Malala Yousafzai features tenth on the list. Sir Rabinder Singh ...
Posted: October 21, 2016, 11:06 am

Mittal Diluted in South Africa as Elites Get Steel Stake

A former government-appointed commissioner, a development-bank finance chief and an ex-deputy finance minister are on course to become major shareholders in ArcelorMittal South Africa Ltd., taking a chunk out of billionaire Lakshmi Mittal’s stake in the ...
Posted: September 27, 2016, 9:00 pm
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