#82

Lakshmi Mittal

$13.5 Billion
Age
:
64
Source
:
steel
Gender
:
Male
Position
:
Chairman and CEO, ArcelorMittal (ADR)
Residence
:
London, United Kingdom
Marital Status
:
Married
Children
:
2
Citizenship
:
India
Education
:
Bachelor of Arts / Science, St Xavier's College Calcutta
Description :

Mittal is an Indian Steel tycoon based in United Kingdom. He is the chairman and chief executive officer of the Arcelor Mittal, the multinational steel making company. Mittal has 38% of holding and has 34% of stock in Queens Park Rangers F.C. Mittal is a graduate from Indian Institute of Social Welfare and business management, it is known to be the first business school of India, he initiated his life by joining work with his father in Nippon Denro Ispat., but differentiate from his family, Mittal established LMN group and worked behind the mind-boggling growth of the company across the globe. Today his company produces 42.1 million tons of steel, where one of five cars use the steel produced by the company. The world's biggest steel making company lengthen to be $22 million gain in 2014. Mittal's group lessened the debt to $15.8 billion, by selling Kentucky Steel Plant that holded in Brazil's Gerdau to Nucor. But Mittal didn't give up the new venture with Italy's Marcegaglia to offer money for compensating the loss of Italian Steelmaker Ilva but our Indian government has postponed the sale. In 2006, he was given the fame of "Business Person of 2006". Time Magazine wrote him as the "100 most influential people of the World". His welfare activities account in setting up the Mittal Champions trust with US for $9 million, to make the athletes of India to win more medals in World Games.

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