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Lakshmi Niwas Mittal Biography, Age, Wife, Children, Family, Facts & More

Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 20% stake in Queens Park Rangers F.C.

Lakshmi Niwas Mittal Biography
Lakshmi Niwas Mittal Biography
Lakshmi Niwas Mittal Biography
Full Name Lakshmi Narayan Mittal
Nickname King Of Steel
Profession Chairman & CEO of ArcelorMittal
Physical Stats & More
Height (approx.) centimeters- 175cm
meters- 1.75 m
feet inches- 5’ 9”
Weight (approx.) kilograms- 70 kg
pounds- 154 lbs
Eye Colour Black
Hair Colour Dark Brown
Personal Life
Date of Birth 15 June 1950
Age (as in 2017) 67 Years
Birthplace Rajgarh, Rajasthan, India
Zodiac sign/Sun sign Gemini
Nationality Indian
Hometown Sadulpur, Rajasthan, India
School Shri Daulatram Nopany Vidyalaya, Calcutta
College St. Xavier’s College, Kolkata
Educational Qualification Bachelors Of Commerce in Business and Accounting
Family Father– Mohanlal Mittal
Mohanlal Mittal, Magzentine
Mother– Geeta Mittal
Brothers– Pramod Mittal
Pramod Mittal, Magzentine
Vinod Mittal
Vinod Mittal, Magzentine
Sister– Seema Lohia
Seema Lohia, Magzentine
Religion Hinduism
Address 18-19 Kensington Palace Gardens, London, England
lakshmi-mittal house, Magzentine
Hobbies Going to Grand Pix Events, Watching & Playing Football and Cricket
Controversy In 2002, he attracted controversy as it was found that Lakshmi Mittal had given $2,50,000 to Tony Blair’s party for writing a recommendation for him, which was required in the process of buying Romania’s state-owned steel company.
Favorite Things
Favorite Food(s) Butter Chicken and Paneer With Butter
Favorite Colour Blue
Favorite Sport(s) Football, Cricket, Racing
Favorite Restaurant Bali Restaurant
Favorite Destination(s) St. Moritz, Switzerland
Girls, Affairs and More
Marital Status Married
Affairs/Girlfriends Not Known
Wife/Spouse Usha Mittal
Usha Mittal, Magzentine
Children Son– Aditya Mittal
Aditya Mittal, Magzentine
Daughter– Vanisha Mittal
Vanisha Mittal, Magzentine
Style Quotient
Cars Collection 2 + Porsche Boxster, Rolls Royce Phantom, Mercedes Benz C Class, Bugatti Veyron Super Sport
Jets Collection Gulfstream 550 Private Jet
Gulfstream 550 Private Jet, Magzentine
Amevi Yacht
Amevi Yacht, Magzentine
Money Factor
Salary (approx.) $3.75 Million (₹27.8 Crore)
Net Worth (approx.) $15.1 Billion (as in January 2018)
Lakshmi  Niwas Mittal Biography, Magzentine
Lakshmi  Niwas Mittal Biography

Some Lesser Known Facts About Lakshmi  Niwas Mittal Biography

  • Does Lakshmi Mittal smoke?: No
  • Does Lakshmi Mittal drink Alcohol?: Not Known
  • Lakshmi Mittal was born in a village named Sadulpur, where there was no electricity until the 1960s.
  • In his childhood, he used to sleep on mats and floor; as he lived in a small house with 25 family members.
  • His family then relocated to Calcutta where his father established a small steel mill. Lakshmi used to work with his father after his school.
  • His admission to St. Xavier’s College was initially declined by the administration; as his schooling was from a Hindi medium background, but later he topped the college and graduated in first class.
  • In the early 70s, he joined his father’s company after completing his graduation.
  • After the Indian government reined the production of steel in 1976, he went to Indonesia and founded a steel plant titled “Ispat Indo” over there with the support of his father.
  • With passing years, he became famous worldwide as a businessman who buys loss-driven companies and turned them into profitable organizations.
  • In 1989, he purchased a government-owned firm in Trinidad and Tobago, which was making a loss of $1 million a day and converted it into a productive venture. It was later reported that Lakshmi transformed the luck of the organization, as it was the situation to which even German experts and the US consultants failed to resolve.
  • Lakshmi Mittal has also contributed a lot to sports; as he has set up Mittal Champions Trust to support ten Indian athletes who can compete at the international level. He also awarded ₹1.5 crores to Abhinav Bindra for becoming the first Indian to grab an Olympic gold medal in shooting.
  • His steel production company- Arcelor Mittal has contributed steel for the construction of ArcelorMittal Orbit (named after his company) for the 2012 Summer Olympics.

Arcelor Mittal, Magzentine

  • He bought the country’s third-largest steel producer Sicartsa for $220 million. After this, he acquired Siderurgica del Balsas SA at Lazaro Cardenas in Mexico and many more organizations in Canada, Ireland, Germany, etc. in 1992.
  • Mittal reflected the same policy in the former Soviet republic of Kazakhstan and purchased the state-owned blast furnace steel plant renamed Ispat Karmet in 1995.

Ispat Karmet, Magzentine

  • The same year, he established two new companies- Ispat International Ltd. and Ispat Shipping to produce commercial, shipping, and technical services to the group. He also went to Europe to buy the steel plant in Hamburg, Germany.
  • Lakshmi Mittal was titled the “Steel Maker of the Year” by New Steel Magazine in the USA in 1996.
  • In 1998, he was honored with the Eighth Honorary Willy Korf Steel Vision Award, which is the highest appreciation for worldwide achievement in the steel industry.
  • Apart from setting up steel plants all over the world, he has established a university- The LNM Institute of Information Technology (LNMIIT) in Jaipur in 2003, which is financed by Lakshmi Mittal and Usha Mittal Foundation.

LNM Institute of Information Technology, Magzentine

  • In 2005, he became the world’s third-richest person ranked by Forbes. Lakshmi Mittal As The Third Richest Man, Magzentine
  • In the May 2007 feature of Times Magazine, he was named amongst the “100 Most Influential People” list. Lakshmi Mittal On Time's Magazine, Magzentine
  • Mittal was awarded the “Forbes Lifetime Achievement Award” presented by Forbes in 2008. Lakshmi Mittal Getting Forbes Lifetime Achievement Award, Magzentine
  • The Lakshmi Mittal and Usha Mittal Foundation also founded the “Usha Lakshmi Mittal Institute of Management” in New Delhi in 2009.
  • He was honored with Padma Vibhushan Award by Pratibha Patil. Lakshmi Mittal Receiving Padma Vibhushan Award, Magzentine
  • He conducted his daughter’s wedding reception in the Palace of Versailles and was the first person who was permitted to organize a private function over there. Lakshmi Mittal's Daughter's Wedding Reception, Magzentine
  • The Forbes Magazine placed him on the “Most Powerful People” list at rank 47 out of 70 individuals in total.
  • Lakshmi Niwas Mittal Foundation donated a handsome amount of funds to the Institute of Technology for Women, which was later renamed to Usha Mittal Institute of Technology. Usha Mittal Institute of Technology, Magzentine
  • In 2006, he tried to buy Arcelor, but the then CEO, Guy Dolle, rejected his offer of $24 billion. Later, due to some disturbance in the shares, Guy Dolle fixed the deal at $33.5 billion.
  • After the departure of Guy Dolle (Former CEO of Arcelor), Lakshmi Mittal has been working as the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company with over 260,000 employees in more than 60 countries. Lakshmi Mittal At Arcelo, Magzentine
  • In 2010, he was conferred the “Dostyk 1 Award” by the Republic of Kazakhstan.
  • He has also donated an amount of £15 million to Great Ormond Street Hospital, which is the highest private contribution, the hospital has ever received. Through this funding, their new center- Mittal Children’s Medical Centre was established.
  • He got married to the love of his life, Usha Mittal, and they have one daughter- Vanisha Mittal, and one son- Aditya Mittal, CFO of ArcelorMittal.
  • Besides owning great steel industries, he is famous for living a lavish lifestyle. He has bought his current residence i.e. 18-19 Kensington Palace Gardens for $128 million. The interiors of the house are furnished by the marble taken from the same mining that was provided to build the Taj Mahal and that’s why media has nicknamed his house “Taj Mittal.”

Taj Mittal, Magzentine

 

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