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Lakshmi Niwas Mittal

Lakshmi Mittal
Lakshmi Mittal LM.jpg
Mittal in 2013
Born Lakshmi Niwas Mittal
(1950-06-15) 15 June 1950 (age 66)
Sadulpur, Rajasthan, India
Residence London, United Kingdom
Nationality Indian
Other names King of Steel
Alma mater St. Xavier's College, Kolkata, (B.Com.)
Occupation Chairman & CEO of
ArcelorMittal
Owner of Karrick Limited
Co-owner of
Queens Park Rangers F.C.
Known for Steel magnate
Net worth
Board member of Goldman Sachs
EADS
Spouse(s) Usha Mittal
Children Vanisha Mittal
Aditya Mittal
Awards Padma Vibhushan (2008)

Lakshmi Niwas Mittal About this sound pronunciation ; (born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..

In 2005, Forbes ranked Mittal as the third richest person in the world. In 2007, Mittal was considered to be the richest Asian person in Europe. He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. In spite of the drop, Forbes estimated that he still had a personal wealth of US$16 billion in October 2013. Mukesh Ambani remains the richest Indian, overtaking him, although there have been frequent surpasses. He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015. His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history.

Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the Airbus Group (formerly known as European Aeronautic Defence and Space Company (EADS)). He sits on the World Steel Association's executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique. He also sits on the advisory board of Northwestern University's Kellogg School of Management in the United States and is a member of the board of trustees of the Cleveland Clinic.


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