Wednesday, November 11, 2015

About Lakshmi Mittal

Hi friends about Lakshmi Mittal, what we can say is that name alone tells all the success story of his life. In this article we tried to gather all the information of King of Steel, Steel tycoon Mr. Lakshmi Mittal.

Born: 15 June 1950, Birth Place: Sadulpur, Rajasthan, India
Residence London, United Kingdom
Nationality Indian
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 Acquiring and turning around sick steel-mills, King of Steel, Steel tycoon
Net worth Decrease US$ 10.3 billion (September 2015)

Spouse(s) Usha Mittal
Children Vanisha Mittal, Aditya Mittal
Awards Padma Vibhushan (2008)

In 2007, Mittal was considered to be the richest Hindu and Asian person in Europe. Despite being the eighth wealthiest man in Britain in 2002, he does not hold British citizenship.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. He is also the 57th "most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015.

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.
In 2006 The Sunday Times named him "Business Person of 2006", the Financial Times named him "Person of the Year", and Time magazine named him "International Newsmaker of the Year 2006". In 2007, Time magazine included him in their "100 most influential persons in the world"

Lakshmi Mittal's Education and Early Life
Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal was born on June 15th, 1950, in Sadulpur, a village which didn't have electricity until 1960's, in Rajasthan, India. Mittal studied at Shri Daulatram Nopany Vidyalaya from 1957 to 1964.  His family moved to Calcutta in West Bengal, where he studied accounting and business at the prestigious St. Xavier's College. He graduated with a B.Com degree from the University of Calcutta. His father Mohan Lal Mittal had set up a small steel mill in Calcutta. After class, Mittal used to work in his father's company Nippon Denro Ispat.

Mittal's Vision for Sports
After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with $9 million to support 10 Indian athletes with world-beating potential. In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. Arcelor Mittal Also financed the construction of Arcelor Mittal Orbit for 2012 Summer Olympics

Mittal's Vision for Education
In 2003, the Lakshmi Niwas Mittal and Usha Mittal Foundation and the Government of Rajasthan partnered together to establish a university, the LNM Institute of Information Technology (LNMIIT) in Jaipur as an autonomous non-profit organization.
In 2009, the Foundation along with Bharatiya Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi.
SNDT Women's University renamed the Institute of Technology for Women (ITW) as Usha Mittal Institute of Technology after a large donation from the Lakshmi Niwas Mittal Foundation

Mittal's property

Mittal's Residence
His residence at 18-19 Kensington Palace Gardens—which was purchased from Formula One boss Bernie Ecclestone in 2004 for £67 million (US$128 million)—made it the world's most expensive house at the time. The house is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal".It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.

Mittal's Life Style
He is a lacto-vegetarian. His daughter Vanisha Mittal's wedding was the second most expensive in recorded history. Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal who is married to Amit Bhatia, a businessman and philanthropist. Being a vegetarian, Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France. Mittal owns three prime properties collectively worth £500 million on "Billionaire's Row" at Kensington Palace Gardens.
In 2005 he also bought a colonial bungalow for $30 million at No. 22, Dr APJ Abdul Kalam Road, New Delhi, one of the most exclusive street in India, occupied by embassies and billionaires, and rebuilt it as a house.In December 2013, Mittal's niece got married in a three-day celebration that it is reported brought Barcelona to a standstill and cost up to £50m. An army of 200 butlers, cooks and secretaries were reportedly flown into Spain from India and Thailand while the 500 guests were made to sign confidentiality agreements

Awards and honours
Year of Award or Honour Name of Award or Honour Awarding Organization
2008 Forbes Lifetime Achievement Award Forbes
2007 Fellowship King's College London
2004 European Businessman of the Year Forbes
2004 Entrepreneur of the Year Wall Street Journal
2004 8th honorary Willy Korf Steel Vision Award
American Metal Market and World Steel Dynamics
1996 Steel Maker of the Year New Steel

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