Lakshmi Mittal Profile

World Billionaire Lakshmi Mittal Profile

Lakshmi Mittal
Lakshmi Mittal
Name : Lakshmi Mittal
2015 Rank : 82      2014 Rank : 52      2013 Rank : 41
2012 Rank : 21      2011 Rank : 6

Net Worth: $13.5 B (2015)

Fortune : Inherited and Growing

Source : Steel

Country Of Citizenship : India

Residence : London‚ United Kingdom

Education : St Xavier C Calcutta‚ Bachelor of Arts / Science

Date of Birth : June 15th 1950

Profession : Chairman & CEO of ArcelorMittal

Family : Spouse(s)‚ Children: Vanisha Mittal‚ Aditya Mittal

More About Lakshmi Mittal

Introduction

Lakshmi Mittal‚ the steel tycoon‚ an Indian national by birth‚ is the chairman and chief executive officer of ArcelorMittal‚ which is the world’s largest steelmaking company. This year‚ he has been ranked in the 5th position by the Forbes Magazine. His net worth equals US $28.7 billion.

Lakshmi Mittal is a board council member of the Prime Minister of India’s Global Advisory Council of Overseas Indians. He is also the non-executive director of Goldman Sachs‚ EADS and ICICI Bank. Presently he is also the vice chairman of the World Steel Association. Lakshmi Mittal also serves as a member of the Foreign Investment Council in Kazakhstan‚ the International Investment Council in South Africa‚ the World Economic Forum’s International Business Council and the International Iron and Steel Institute’s Executive Committee. The Advisory Board of the Kellogg School of Management and St. Xavier’s College‚ Calcutta also have him as their members.

The Growth of Lakshmi Mittal to the fifth rank in the Forbes List

Lakshmi Mittal is the richest resident Indian overseas with his company ArcelorMittal making a net profit of more than 75% in 2009. It helped in pushing up the stock up in 2010. Mittal wants to build steel mills in Jharkhand and Orissa in India‚ his native land‚ but is still awaiting government approval.

The family steel business was handed over to him in 1970s from which he branched out his own business in 1994. He bought steel mills for a cheap price in Eastern Europe and therein commenced his journey to be a billionaire.

The wealth of Mittal has grown up by over US $9 billion compared to 2009 which made him climb three places in the Forbes list of billionaires this year. In 2009‚ he was the eighth in position with net wealth of US$19.3 billion while in 2008‚ he was in the fourth position and the wealthiest person in Asia.

Awards and Recognitions

  • Got the highest civilian award‚ Dostyk‚ of Kazakhstan for his contribution to the Republic of Kazakhstan
  • Awarded Padma Vibhushan  in 2007 by the President of India
  • Awarded Dwight D. Eisenhower Global Leadership Award in 2007
  • Awarded Grand Cross of Civil Merit from Spain in 2007 as well as "Fellowship from King’s College"
  • Awarded International Newsmaker of the year by Time Magazine in 2006
  • Regarded "Person of the year 2006" by Financial Times
  • Regarded European Businessman of the Year by Fortune magazine in 2004
  • Awarded Willy Korf Steel Vision Award in 1998
Conferred the title of Steelmaker of the Year  by New Steel in 1996 Readmore...

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