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Laxmi Mittal

Lakshmi Mittal
Lakshmi Mittal LM.jpg
Mittal in 2013
Born Lakshmi Niwas Mittal
(1950-06-15) 15 June 1950 (age 67)
Sadulpur, Rajasthan, India
Residence London, United Kingdom
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
King of Steel
Net worth US$16.3 billion (August 2017)
Board member of Goldman Sachs
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 an 11% 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 they have frequently traded places. In 2017, Forbes ranked him as the 56th richest person in the world with a net worth of US$16.4 billion. 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. He sits on the World Steel Association's executive committee, and is a member of the Global CEO Council of the Chinese People’s Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan,, the World Economic Forum’s International Business Council, and the European Round Table of Industrialists.He is also a member of the board of trustees of the Cleveland Clinic.


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