| Name: | Lakshmi Mittal |
| Net Worth: | $18 billion |
| Source of Wealth: | Arcelor Mittal |
| Born: | June 15, 1950 |
| Age: | |
| Country: | India / UK |
| Wife: | Usha Mittal |
| Children: | Aditya Mittal, Vanisha Mittal |
| Residence: | London, UK |
| Private Jet: | Gulfstream G550 (VQ-BLA) |
| Yacht: | Amevi |
| Yacht 2: | ALAIYA |
Lakshmi Mittal, an Indian-born powerhouse, is renowned worldwide as a leading figure in the steel industry. Serving as both the chairman and CEO of the globally recognized steel company ArcelorMittal, he has redefined the landscape of steel production.
Under Mittal’s leadership, ArcelorMittal has emerged as the planet’s foremost integrated steel and mining conglomerate. Located in Luxembourg, the enterprise serves as the largest steel producer globally, boasting an impressive output exceeding 100 million tons across its facilities spanning 19 nations. Notably, in 2018, ArcelorMittal broadened its influence by acquiring Essar Steel for a monumental US$ 1 billion. With revenue and net income reaching US$ 70 million and US$ 5 billion, respectively, it employs a robust workforce of 198,000.
Mittal’s stake in the company accounts for a whopping 40% of shares, a testament to his unrivaled dedication to the steel industry. Furthermore, his family plays a critical role in the company’s governance. His progeny, daughter Vanisha Mittal Bhatia, and son Aditya Mittal, occupy pivotal roles on the board of directors and as CFO, respectively.
Beyond the sphere of steel, Mittal also holds a significant stake in London’s professional football club, Queens Park Rangers F.C.
Mittal’s contribution to London’s cultural heritage is undeniable. The ArcelorMittal Orbit stands as a testament to his vision, a stunning 115-meter-high (377 ft) observation tower erected for the 2012 London Olympic Park. As the UK’s largest artwork, it symbolizes a lasting legacy for the monumental 2012 Olympic Games in London.
Mittal is one of the richest men in the world with an estimated net worth of $18.5 billion. He lives in Kensington, London where he owns a residence. He purchased the house from Formula One boss Bernie Ecclestone in 2004 for GBP 57 million. It was the world’s most expensive house.
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He lives with his wife Usha Mittal in London. Mittal’s house has been referred to as the “Taj Mittal“, as it is decorated with marble taken from the same quarry that supplied the Taj Mahal. He paid GBP 57 million for this house.
For his son Aditya Mittal, he bought No. 6 Palace Greens, Kensington Gardens, for GBP 117 million from financier Noam Gottesman.
In 2013 he sold the house again, reportedly as his son never lived in the house. Mittal bought the house next to it –
Mource sources:
http://wikimapia.org/9856396/6-Palace-Green
https://www.standard.co.uk/lifestyle/the-secrets-of-london-s-ps2-5-billion-street-6479143.html
He is the owner of two superyachts: the yacht AALTO which was built as AMEVI by Oceanco.
The yacht AALTO, originally named Amevi, is a luxury vessel built at the esteemed Oceanco shipyard in the Netherlands, with an estimated worth of US$ 125 million.
AALTO is one of the largest yachts globally, measuring a remarkable 80.00 m (262.5 ft) long, with a 14.20 m (46.6 ft) beam, a 3.90 m (12.8 ft) draft, and a gross tonnage of 2,310.
Powered by twin MTU 16V 595 TE70 engines, it can reach a maximum speed of 18.5 knots, with an average cruising speed of around 14 knots.
And since December 2021, he also owns the yacht Alaiya. Both yachts are owned by the same legal entity.
Alaiya was built as Tis and was later known as Lady Gulya. He used to own a smaller Amels yacht, which he sold and is now named DEJA TOO.
Mittal owns a Gulfstream G550 private jet with registration VQ-
2009. A Gulfstream G550 can accommodate 14 passengers.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
SuperYacht Owners Database 6-2023
