Lakshmi Niwas Mittal is a Rajasthan, India born steel magnate. He has been serving ArcelorMittal as a Chairperson and Chief Executive Officer ( CEO ) ever since his self-established company Mittal Steel Company N.V became part of it. Read further about his early life, education, career and achievements in his life.
Hailing from the state of Rajasthan, Mr. Laxmi was born in a very poor family in 1950. His family and other relatives together made up twenty people who lived together in one place. It is said that they did not have proper beds to sleep nor any kitchen to cook food, such as the living condition of his family and his relatives. The house in which they all lived was built by his grandfather.
Laxmi did graduation in commerce from St. Xavier’s College, Kolkata. Later on, he tied the knot with Usha Mittal and has two children a boy and a girl.
When Mittal started his business he started with the family’s steelmaking one and now has above thirty years of knowledge about steel and other things related to this business.
It was in 1976 that Mittal Steel was founded and Mittal can be given the credit for its huge success, since its inception. This day Mittal Steel is the sole producer of Steel in the world which has its operations in four continents and fourteen countries.
Mr. Mittal got many awards and honors for his foresightedness and leadership and business sense. Mittal likes to help people in any way he can. He is also looking after the ICICI bank at the capacity of a director. Forbes Magazines has voted him the third wealthiest man of the world and the wealthiest man who is not an American.
Laxmi Mittal also likes to lead a lavish lifestyle. In 2003, he got the most priced home in the world, the Kensington Mansion. His daughter’s marriage was also much talked about as he did it very lavishly and it can be called the most costly wedding of the century.