Who is Lakshmi Mittal?
Lakshmi Mittal is an Indian steel tycoon and the chairman and CEO of the steel company ArcelorMittal. He was born in June 1950. He is married to Usha Mittal. He has 2 children (Aditya Mittal and Vanisha Mittal).
ArcelorMittal is the world’s leading integrated steel and mining company. It’s headquartered in Luxembourg. It is the world’s largest steel producer with a production of more than 100 million tons. It has steel plants in 19 countries. In 2018 it acquired Essar Steel for US$ 1 billion.
It has revenues of US$ 70 million and a net income of US$ 5 billion. The company has 198,000 employees. Mittal Steel companies are Luxembourg’s largest private employer. The steel group is also active in mining.
Mittal owns 40% of the shares. His daughter Vanisha Mittal Bhatia sits on the board of directors of the company. His son Aditya Mittal is CFO.
Lakshmi Mittal Net Worth
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.
Queens Park Rangers F.C.
He is a shareholder in Queens Park Rangers F.C., a professional football club in London.
Arcelor Mittal Orbit
In 2011 Mittal funded the ArcelorMittal Orbit with GBP 16 million. The ArcelorMittal Orbit is a 115-meter-high (377 ft) observation tower in the 2012 London Olympic Park. It is the UK’s largest piece of art and a permanent legacy for the 2012 Olympic Games in London.
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Lakshmi Mittal House
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 –