Lakshmi Mittal

Lakshmi Narayan Mittal[1] (or Lakshmi Nivas Mittal) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in the Churu district of Rajasthan, India, and residing in Kensington, London. He is the fifth richest person in the world, with a fortune of US$51 billion according to Forbes.
The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.

Career

Lakshmi Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, Mittal set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. The family of Mittal never spoke to the public about the reasons for the split, although, there were rumors it was due to financial instablity between the brothers.

Today

Since 2005, Mittal has been the richest person residing in the United Kingdom. He is the President of the Board of Directors and CEO of Arcelor Mittal; Arcelor Mittal is the world's largest producer of steel, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan, Canada, Bulgaria and the United States. On July 13, 2005 it was announced that he had donated Ł2 million to the Labour Party, and on January 16, 2007 it was announced that he had donated a further Ł3 million. Although Mittal has been living abroad for many years, he claims he will remain an Indian.

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