Lakshmi Niwas Mittal History

Lakshmi Niwas Mittal is a billionaire industrialist, born June 15, 1950 in Sadulpur, in Churu district of Rajasthan, in India, although he lives near Kensington Palace in London, UK. Lakshmi Mittal is the fourth richest man in the world according to the list of richest people published by Forbes magazine, with a wealth of around 45,000 million U.S. dollars.

Lakshmi Mittal is chairman and CEO of Mittal Steel Company, the largest producer of steel worldwide. Currently, Mittal Steel Company has branches in 14 countries and their domains are spread across five continents. With annual sales of 105,000 million dollars and 330,000 employees in 27 countries, the company has become the Big Giant sector.

His father, Mohan, launched a successful business connected to the steel industry, soon wake up in Lakshmi his talent for business.

Indonesia was the scene of his baptism business. Mohan decided to send his son there to sell a parcel of land but he, ignoring his father made another decision that would change his future. He bought a mill in trouble and from there expanded his project by buying unprofitable businesses or losses which soon brought back to profits. In December 2004 set in motion Mittal Steel Group, following the merger of LNM Holdings and Ispat International, and the acquisition of International Steel Group. Two years later he gave his most ambitious step: the takeover of Luxembourg's Arcelor.


Mittal currently lives in a mansion next to Kensington Palace and the London residence of the Sultan of Brunei, was built with the same marble Taj Mahal in India. It has 12 rooms and a pool made with jewels. There is a garage for twenty cars, Turkish baths, ballroom and even an art gallery. Lakshmi paid for it 128 million euros in 2003 to businessman Formula 1 Bernie Ecclestone, who had purchased three years earlier but never live there.