Lakshmi Mittal

Lakshmi Niwas Mittal ( born June 15, 1950 in Sadulpur, Rajasthan ) is an Indian entrepreneur and billionaire. He is since 2006 Chairman of the Board of ArcelorMittal and, according to Forbes magazine with a fortune of 20.7 billion U.S. dollars to rank 21 of the richest people in the world.

Biography

Mittal comes from a Marwari family, a commercial caste, who moved to Calcutta in 1960. His second first name ( Narayan, according to other sources Nivas ) is not clear. In 1971, father Mohan Mittal bought a small molten steel; his son, Lakshmi, he sent for the Study of Business Administration to St. Xavier 's College, Kolkata, where he graduated with a Bachelor of Commerce. Lakshmi then worked in his father's firm and was commissioned in 1976 with the renovation of a dilapidated Indonesian steel mill, which the family had previously acquired for $ 1.5 million U.S.. Lakshmi achieved this with considerable success and the Mittal family continued to invest; including in Kazakhstan, where the Karmetwerk stood for privatization - in this way the Mittalsche steel mill empire grew rapidly. More than 90 percent of the shares were always family owned. Mittal Steel is based in Rotterdam, but is led by the Berkeley Square in London by Lakshmi Mittal and his son Aditya. Mittal's biggest rival Arcelor was acquired in the years 2006 to 2007 by hostile takeover; the end of the Mittal Steel Company in its present form was sealed with it. Both companies merged to ArcelorMittal. Lakshmi Mittal is the Chairman of the Board since 2006.

Lakshmi Mittal is a member of the Foreign Investment Council Kazakhstan, the International Investment Council of South Africa and the Indian Prime Minister's Global Advisory Council. He is also a member of the Executive Committee of the International Iron & Steel Institute ( = 'world steel association '). He is a director of the Indian ICICI Bank Limited and sits on the Board of the Kellogg School of Management in the United States. Lakshmi Niwas Mittal sits on the Board of Directors of Goldman Sachs

Mittal lives near Kensington Palace Gardens, London. He and his wife Usha, he has next to son Aditya a daughter, Vanisha. The marriage of his daughter with the 25 -year-old Amit Bhatia, a London financial magnates, reportedly cost about $ 64 million. The ceremony was held in 2004 in France include in the castles of Versailles and lasted nearly a week.

In 2008 he was awarded the Padma Vibhushan.