Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. For more than a decade, The Lakshmi Mittal and Family South Asia Institute at Harvard University has supported interdisciplinary research, engagement, and programming for faculty, students, and visiting scholars at Harvard and in the South Asia region. In 2017, the Mittal family made a significant gift to Harvard University, where Mr. Mittal is a member of the Global Advisory Council, to support the Lakshmi Mittal and Family South Asia Institute at Harvard University. Some 200 butlers, cooks and secretaries were reportedly flown into Spain from India and Thailand while the 500 guests were made to sign confidentiality agreements. [41], On 19 February 2010, Briatore resigned as QPR chairman, and sold further shares in the club to Ecclestone, making Ecclestone the single largest shareholder. Mittal's daughter, Vanisha, was married in 2004 in an extravaganza in France that reportedly cost $55 million. Family Life. Lakshmi Niwas Mittal has three siblings – two brothers and a sister. Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal, and a sister, Seema Lohia, who married Indonesian businessman, Sri Prakash Lohia. Lakhsmi Niwas Mittal – father of Vanisha. Mittal started his career in India by working in the family steelmaking business. [48], Mittal bought No. [1][2] 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. #8) Lakshmi Mittal. His father ran a steel business, Nippon Denro Ispat. Lakshmi Mittal, born on 02th September, 1950, is an Indian financier of steel based in London. [47] He is a lacto-vegetarian. [36][37][38] This revelation caused controversy, because Mittal had given £125,000 to the British Labour Party the previous year. His father ran a steel business, Nippon Denro Ispat. As of today, the family business is still run by Lakshmi’s brothers Pramod and Vinod. Lakshmi Mittal is the eldest of his three brothers and one sister. The wedding was said to have costed $78 million. Lakshmi Nivas Mittal or the king of steel is undoubtedly the captain of the steel industry. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat. The Lakshmi Mittal and Family South Asia Institute at Harvard University (The Mittal Institute) engages in interdisciplinary research to advance and deepen the understanding of critical issues in South Asia and its relationship with the world. Mohan Lal Mittal, his father, operated a steel firm called Nippon Denro Ispat. The clean up was expected to cost €70 million.[43]. [25], Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in Nagpur and an alloy steels plant near Pune. [citation needed], 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. [14] He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015. Then Mittal went to London.He was the third richest person in the world in Forbes’ 2005 list.He was the first Indian to make it to the top ten list. He is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. Jeffery Immelt Jeffrey Robert Immelt is an American business executive. [50], According to the Sunday Times Rich List 2016, Mittal and his family had an estimated personal net worth of GB£7.12 billion,[51] a decrease of $2.08 billion on the previous year. His family then relocated to Calcutta where his father established a small steel mill. Boeing plans to resume commercial airplane production in Washington State by … She has been an integral part of Mittal’s steel business for 15 years and in 2997, Arcelor Mittal passed a resolution that ‘entrusted her with the temporary responsibility of managing’ the company in the absence of its directors. In 2008, the Mittals made a donation of £15 million to Great Ormond Street Hospital in London, the largest private contribution the hospital had ever received. Lakshmi Mittal was born into a Baniya family. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. Lakshmi Mittal was born into a wealthy Indian steel family. He is married to Usha Mittal. ArcelorMittal also provided steel for the construction of the ArcelorMittal Orbit for the 2012 Summer Olympics. directors and chairmen, Recipients of the Padma Vibhushan in trade & industry, Articles with unsourced statements from March 2014, Wikipedia articles with PLWABN identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, 8th honorary Willy Korf Steel Vision Award, American Metal Market and World Steel Dynamics, This page was last edited on 9 January 2021, at 18:06. They have a son Mittal]] and a daughter Vanisha Mittal. In the 1960s Mittal’s family moved to Calcutta (Kolkata), where his father operated a steel mill. [12][13] He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. [31], Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatisation of PHS steel group, which was Poland's largest. Her father was a money lender. Associated With. [34] During December 2004, twenty-three miners died in explosions in his mines in Kazakhstan caused by faulty gas detectors. He was born in Sadalpur, Churu District of Rajasthan- a district which was devoid of the basic amenities of life. Three years later, in 2001, it was closed, leaving 400 people redundant. 15 million), for getting India its first individual Olympic gold medal in shooting. Lakshmi Mittal Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. [citation needed], In 2003, the Lakshmi Niwas Mittal, 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 organisation. [15] His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history. [28], For Comic Relief he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice. He turned them into profitable ventures in a year. Mittal’s elder son and Pramod Mittal’s brother, Laxmi Mittal, decided to break away from the family and took over the group’s overseas operations. Mittal is credited with helping to globalize the steel industry's business model. [citation needed]. The Lakshmi & Usha Mittal Foundation is a charitable trust founded by the Steel Baron Mr. Lakshmi N. Mittal. [35], In 2002, Plaid Cymru MP Adam Price obtained a letter written by Tony Blair to the Romanian Government in support of Mittal's LNM steel company, which was in the process of bidding to buy Romania's state-owned steel industry. Mr Mittal's brother is Lakshmi Mittal, Britain's 19th richest man, who owns a £300 million mansion in Mayfair and is head of Arcelor Mittal, the world's biggest steel manufacturer. 2021 Crossroads Emerging Leaders Program (CELP) applications are open! The post, which is currently held by Professor Adrian Hill, will be known as the Lakshmi Mittal and Family Professorship of Vaccinology in … Subsequent environmental issues at the site have been a cause for criticism. Mittal's father, Mohan Lal, started the family's steelmaking business in the 1950s. [39], Blair's letter hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. [42], Mittal purchased the Irish Steel plant based in Cork, Ireland, from the government for a nominal fee of £1 million. [46] It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars. Although Blair defended his letter as simply "celebrating the success" of a British company, he was criticised because LNM was registered in the Dutch Antilles and employed less than 1% of its workforce in the UK. He was appointed the head of Mergers and Acquisitions of Mittal Steel in 1999 and has been holding that position ever since. The donation was used to help fund their new facility, the Mittal Children's Medical Centre. Lakshmi Mittal Parents- Mohan Lal Mittal and Geeta Mittal, Lakshmi Mittal Siblings-  Pramod Mittal, Vinod Mittal, Seema Lohia, Children of Lakshmi Mittal and Usha Mittal. [32], In 2007, the Polish government said it wanted to renegotiate the 2004 sale to ArcelorMittal. Mr. Mittal and his wife, Usha Mittal, are active philanthropists. [22], In 1976, due to the curb of steel production by the Indian government, the 26-year-old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia. Lakshmi Niwas Mittal (Hindi: [ˈləkʃmi nɪˈʋaːs ˈmɪtːəl] (listen); born 15 June 1950) is an Indian steel magnate,[7] based in the United Kingdom. Vanisha Mittal topped the Forbes list of the daughters of the world’s richest individuals in 2007. Mittal family net worth stands currently at $15.9 billion. She graduated from the European Business School in business and the School of Oriental and African Studies (University of London) in South Asian Studies. [8] Mittal owns 38% of ArcelorMittal and holds a 20% stake in Queens Park Rangers F.C..[9], 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. Lakshmi Mittal is the chairman and CEO of Arcelor Mittal, the world’s biggest steel-making company. About Lakshmi Narayan Mittal Until 1960's, the village Lakshmi Mittal was born into was deprived of basic amenities like electricity, water etc. The eponymous college of Usha Mittal Institute of Technology promotes women’s education in India. [55], Slave-labour allegations and questionable safety records, "Lakshmi Mittal Chairman and CEO of Mittal Steel", "Lakshmi Mittal, Owner of Karrick Limited", "Lakshmi Mittal, the King of Steel, Trips Up", "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan", "The List of Great Entrepreneurs of India in 2015", "Lakshmi Mittal buys 20 per cent stake in Queens Park Rangers - Times of India", "Mittal richest in Europe and UK; fifth in the world", "The 12 Most Expensive Weddings in History", "India's Richest 2019: Fortune Favors A Few As Growth Slows", "India's Top Billionaires & Schools They Attended", "Lakshmi Mittal Biography: Education, Net Worth and His Personal Life", "Nur Saidah: Surabaya's steel woman in a tough industry", "Interesting facts about Lakshmi Mittal that will inspire you", "From the Caribbean to global steel giant: The rise of ArcelorMittal", "Mittal's Olympic dream is worth Rs 40 crore", "Mittals' £15m gift to Great Ormond Street is a record", "Coronavirus crisis: Lakshmi Mittal announces Rs 100 cr to PM CARES Fund", "How tycoon went from polo lawns to Polish jail", "Poland wants to renegotiate terms of PHS sale to Arcelor Mittal", "Methane Blast Kills at Least 23 at ArcelorMittal Coal Mine in Kazakhstan", "Lakshmi Mittal pushes QPR up the rich list", "Photo Gallery: Homes of the Billionaires", "On billionaire row, it's simple, veggie fare", "Just a little £50m family wedding, Mittal-style", "Rich List reveals wealthy reap profits under Labour", "Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune", "The Sunday Times Rich List 2010: Rising from the rubble", "Fifty Indians on Forbes' global billionaire club", "Top 10 Richest People in India: Mukesh Ambani, Lakshmi Mittal, Dilip Shanghvi", "Heir style: the rich kids who have it all", "Bill Gates tops Forbes billionaire list, Mukesh Ambani richest Indian", "2015 Forbes Billionaires: Full List Of Asia's 562 Richest People", Article on Mittal with background on Arcelor takeover bid, BBC News Online – "Glimpsing a Fairytale Wedding", Article on Mittal Family purchase of Escada, https://en.wikipedia.org/w/index.php?title=Lakshmi_Mittal&oldid=999339919, Indian Institute of Social Welfare and Business Management alumni, Queens Park Rangers F.C. In 1994, M.L. In 2004, she married Amit Bhatia and the wedding became the talk of the year. It is engaged in various philanthropic activities for relief‚ rehabilitation‚ socio-economic development and education. 22, Dr APJ Abdul Kalam Road, New Delhi, one of the most exclusive streets in India, occupied by embassies and billionaires, and rebuilt it as a house. Lakshmi Mittal serves as chairman and CEO of $70.6 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output. He was born on June 15 ,1950 in a small village in Churu, Rajasthan.His family had moved to Kolkata from here. That net worth makes him one of … Lakshmi Mittal Parents- Mohan Lal Mittal and Geeta Mittal Lakshmi Niwas Mittal was born in 1950 in Sadulpur, Rajasthan. Mr. [19], In 2019, Forbes named him in the list of India's Richest 2019. [53] Mittal's net worth peaked in 2008, assessed by The Sunday Times at £27.70 billion,[54] and by Forbes at US$45.0 billion, and rated as the fourth-wealthiest individual in the world. He worked with the investment bank Credit Suisse First Boston in the mergers department before joining the family business in 1997. [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". [49], In December 2013, Mittal's niece Shrishti Mittal got married in a three-day celebration that is said to have brought Barcelona to a standstill and cost up to £50 million. Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France. This is a full-time Temp, non-benefitted position at 35 hours/week that … The senior Mittal started his journey by buying an ailing Kolkata steel mill in 1952, before turning it around. [30], He made a donation of ₹100 crores to PM cares fund during the COVID-19 pandemic in India in 2020. He was ranked in the top 10 of Forbes wealthiest people at one point just like Warren Buffett. [48], In 2005, he also bought a colonial bungalow for $30 million at No. She is the Chairman and Managing Director of Escada, the German fashion luxury brand. [18] He is also a member of the board of trustees of the Cleveland Clinic. [38] LNM was a "major global competitor of Britain's own struggling steel industry". Lakshmi Mittal’s mother’s name is unknown at this time and his father’s name is under review. The British press continues its fascination with Mittal and his family, which includes his son, Aditya, who serves as president and chief financial officer of Mittal Steel. 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. CELP has transformed the lives of first-in-family college students from over 115 countries by identifying & nurturing hidden talent to build next-generation leaders. [18] In 2007, Time magazine included him in their "Time 100" list. A generous gift of £3.5 million from Lakshmi Mittal and his family has secured the future of a critical professorship in vaccinology at the University. [10][11] In 2007, Mittal was considered to be the richest Asian person in Europe. When the world’s richest Indian – Lakshmi Mittal’s only daughter, Vanisha Mittal got married to Delhi lad, Amit Bhatia, it was expected that it would beat all records of ‘Big Fat Indian Weddings’.LN Mittal reportedly spent $78 Million in his daughter’s wedding in June 2004.. Alas the wedding did not even last 10 years.Last year Vanisha Mittal Bhatia filed for divorce from Amit Bhatia. Jeffery Immelt Jeffrey Robert Immelt is an American business executive. Harvard University Dec. 7 announced that the Lakshmi Mittal and Family South Asia Institute received a new funding gift from India’s Vijay Shekhar … While Lakshmi Mittal went on his own path in the steel-making industry, the family business dealt mainly handled cold-rolling mills for sheet steel in Nagpur and Pune. Facing constraints at home, he sent Lakshmi to Indonesia in 1976, where he set up a plant. [45] The extravagant show of wealth has been referred to as the "Taj Mittal". [40] As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. [21] He graduated from St. Xavier's College, affiliated to the University of Calcutta, with a B.Com degree in the first class. Mittal and his wife Usha Mittal have a son, Aditya Mittal (who is President and Chief Financial Officer of ArcelorMittal), and a daughter, Vanisha Mittal Bhatia (who is a Director of ArcelorMittal). The government tried to sue in the High Court to have him pay for the clean-up of Cork Harbour but failed. [36] It also had a passage, removed just prior to Blair's signing of it, describing Mittal as "a friend". He is married to Usha Mittal. Family. [citation needed][29], In 2009, the Foundation along with Bharatiya Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi. [33], Employees of Mittal have accused him of allowing "slave labour" conditions after multiple fatalities in his mines. We will continue to update information on Lakshmi Mittal’s parents. Tarun Khanna, director of the Lakshmi Mittal and Family South Asia Institute and Jorge Paulo Lemann Professor at the Harvard Business School, highlighted the importance of creating a robust platform for knowledge-sharing, connecting those who may … Lakshmi Mittal was born in a village named Sadulpur, where there was no electricity until 1960’s. However, on 20 December 2007, it was announced that the Mittal family had purchased a 20 per cent shareholding in Queens Park Rangers football club joining Flavio Briatore and Mittal's friend Bernie Ecclestone. [16], Mittal has been a member of the board of directors of Goldman Sachs since 2008. In 1974, he started the Ispat Group with operations in Indonesia as well. Usha Mittal was born on January 1, 1970. He is married to Usha Mittal. It was a lavish affair where 1000 guests were invited, 12 Boeing jets were hired, over 10,000 flowers used for wedding decoration, 45 professional chefs and a stream of designer dresses, jewelry and food were featured. She acquired it in 2009 after it filed for bankruptcy. They have a son Aditya Mittal and a daughter Vanisha Mittal. This steel magnate of Indian descent currently lives in London, even though he still holds Indian citizenship. [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. He got his bachelor’s degree in Economics from the Wharton School of the University of Pennsylvania. FILE -- People pass through the Boeing campus in Renton, Wash., March 23, 2019. 1.5 Crore (Rs. Mittal did his schooling from Shri Daulatram Nopany Vidyalaya. While Lakshmi Mittal went on his own path in the steel-making industry, the family business dealt mainly handled cold-rolling mills for sheet steel in Nagpur and Pune. [44] The house is decorated with marble taken from the same quarry that supplied the Taj Mahal. They have a son Mittal]] and a daughter Vanisha Mittal. Like many famous people and celebrities, Lakshmi Mittal keeps his personal life private. [27] In 2008, Mittal awarded Abhinav Bindra with Rs. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. The Personal Life of Lakshmi Mittal Mittal was born on September 2, 1950 into a business family. He studied at Shri Daulatram Nopany Vidyalaya, Calcutta from 1957 to 1964. He completed his Primary and Secondary school from Nopany High formerly known as Shri Daulatram Nopany Vidyalaya. He is the Chief Executive Officer of the Arcelor Mittal, the planet’s biggest steel making organization. About Vanisha Mittal Billionaire Lakshmi Niwas Mittal was born into an Indian Hindu business family in 1950, one of four children. He paid for his daughter Vanisha Mittal's wedding which was the second most expensive known wedding in history. [23][24] In 1989 Mittal purchased the state-owned steel works in Trinidad and Tobago, which were operating at an enormous loss. He was the head of the department when Arcelor was acquired by Mittal followed by the merger that led to the current Arcelor Mittal conglomerate. Foundation’s thrust in the area of education is distinct. Lakshmi Niwas Mittal was born in 1950 in Sadulpur, Rajasthan. Aditya Mittal was born in Indonesia, where he grew up, studying at Jakarta International School. He is the sixth-richest person in the world in 2011, as ranked by Forbes. He was named as 47th most powerful person in the Forbes’ list for 2012. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating similar benefactors such as Roman Abramovich. [38], Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton. 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