Lakshmi Mittal

Lakshmi Mittal
Mittal in 2013
Born (1950-06-15) 15 June 1950 (age 74)[1][2]
Sadulpur, Rajasthan, India
CitizenshipIndian[3]
Alma materSt. Xavier's College, Kolkata, (B.Com.)[1]
Occupation(s)Chairman of ArcelorMittal & Aperam
Owner of Karrick Limited[4]
Co-owner of Queens Park Rangers F.C.
Known forSteel magnate
King of Steel [5]
Board member ofGoldman Sachs
SpouseUsha Mittal
Children2, including Aditya Mittal
RelativesPramod Mittal (brother)
FamilyMittal family
AwardsPadma Vibhushan (2008)[6]

Lakshmi Niwas Mittal (Hindi: [ˈləkʃmi nɪˈʋaːs ˈmɪtːəl] ⓘ; born 15 June 1950 in Sadulpur,[7] Rajasthan, India) is an Indian steel magnate,[8] based in the United Kingdom. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company,[9] as well as chairman of stainless steel manufacturer Aperam.[10] Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers.[11]

In 2005, Forbes ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people.[12][13] He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015.[14] He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015.[15] His daughter Vanisha Mittal's wedding (in 2005) was the second-most expensive in recorded history.[16]

Mittal has been a member of the board of directors of Goldman Sachs since 2008.[17] He sits on the World Steel Association's executive committee,[18] and is a member of the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries,[18] the Foreign Investment Council in Kazakhstan,[18] the World Economic Forum's International Business Council,[18] and the European Round Table of Industrialists.[18] He is also a member of the board of trustees of the Cleveland Clinic.[18]

In 2005, 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".[18] In 2007, Time magazine included him in their "Time 100" list.[19]

  1. ^ a b "Cha". Archived from the original on 27 December 2010. Retrieved 7 September 2010.
  2. ^ Cite error: The named reference 123-birthday was invoked but never defined (see the help page).
  3. ^ "Laksmi Mittal Profile". Forbes.
  4. ^ "Lakshmi Mittal, Owner of Karrick Limited". Bloomberg BusinessWeek. 25 February 2011. Archived from the original on 14 November 2010. Retrieved 25 February 2011.
  5. ^ Reed, Stanley; Biesheuvel, Thomas (10 November 2011). "Lakshmi Mittal, the King of Steel, Trips Up". Businessweek. Archived from the original on 14 November 2011. Retrieved 21 July 2014.
  6. ^ "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan". The Times of India. 26 January 2008. Retrieved 26 January 2008.
  7. ^ "Mittal's 5-cr gift to Rajasthan hometown". The Times of India. 31 January 2007. ISSN 0971-8257. Retrieved 10 June 2024.
  8. ^ "A look at how the steel baron's net worth changed between 55 and 72 years of age". CNBC TV18. 15 June 2022.
  9. ^ "Lakshmi Mittal". Forbes. Retrieved 20 May 2020.
  10. ^ "APERAM S.A. (APAM)". Surperformance. MarketScreener. Retrieved 7 June 2021.
  11. ^ "Lakshmi Mittal buys 20 per cent stake in Queens Park Rangers - Times of India". The Times of India. 21 December 2007. Retrieved 20 May 2020.
  12. ^ "Archive News". The Hindu.
  13. ^ "Tory pressure over Mittal row". BBC News. London: BBC. 12 February 2002. Retrieved 21 July 2014.
  14. ^ Cite error: The named reference Forbes2015 was invoked but never defined (see the help page).
  15. ^ "The World's Most Powerful People". Forbes. Retrieved 21 March 2015.
  16. ^ Lubin, Gus (28 April 2011). "The 12 Most Expensive Weddings in History". Business Insider. Retrieved 21 July 2014.
  17. ^ "Board of Directors – Lakshmi N. Mittal". Goldman Sachs. Archived from the original on 21 June 2012. Retrieved 19 July 2012.
  18. ^ a b c d e f g "Board of directors – Lakshmi N Mittal". ArcelorMittal. Retrieved 5 July 2017.
  19. ^ "The 2007 Time 100". Time. Archived from the original on 5 September 2009.