Indian Steel Magnate Mr. Lakshmi Niwas Mittal, He is the stylish Richer of the India. he is one of the Most Sensational Billionaires Of the World who has Spent More than $50 Million On his Marriage ceremony. Lakshmi Mittal’s Life is a rag to riches story with a twist as In he literally went from rages to riches. As a Young He lived On the Floors & Also Sleep On The Very Thin Mattress. Such a person is Lakshmi Mittal, also known as Lakshmi Niwas Mittal. Men’s native India but is now live in London, the United Kingdom is even got the title as the richest person in mainland United Kingdom.
He is also an independent director of Goldman Sachs and is on the board of directors of the European Aeronautic Defence and Space Company. Mittal is popularly known for his lavish lifestyle and incredible success statement. The value of wealth Lakshmi is very tantalizing. But, it all gets from the hard struggle for decades.
Early Life & Education :
He was born on 15 June 1950, Village -Sadulpur, Dist. -Churu, a part of Rajasthan India. He was born to a poor family. His Family is From Marwari Agrawal Castle. His Family background was very humble, his Grandfather has been worked for the One Of the Most respected Firm Of Pre Independent India. While a child, he and his family live in a house inhabited by 20 people. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat Calcutta. His Mother Mrs. Geeta Mittal, Who Was The responsible House Wife. he has two Brother Those Are Running The Family Business Now days Named Pramod Mittal and Vinod Mittal. Lakshmi Mittal Married With Usha Mittal & The have 2 Children Arun Mittal & Vanisha Mittal.
Lakshmi Was Very Sharp & Keen Student Of the Class With The Good Academic Numbers. Mittal studied at Shri Daulatram Nopany Vidyalay, Calcutta. He completed education Bachelor of Commerce degree from St. Xavier’s College, Calcutta in Business & Accounting. This is where Lakshmi is attempting to prove that education is not a theory. After his studies, he went into his family steel making business. He setup an international division in Indonesia.
Early Career :
Lakshmi bought a company that almost went bankrupt in Indonesia starting from 1976. When Mittal’s father Started The Steel Business In Calcutta They Did Well. But Now it was the time to expand the business over the world So Lakshmi Has Took The Opportunity With extensive knowledge and his intercourse, he seeks to expand his family not only in India, but reach out to the international area. So Mittal Begin His own career By Establishing The International Division Of the Family Business after Buying That Running Down Plant of Indonesia. When asked about the key to his success, Lakshmi just says that all of it is the result of hard work. “A lot of people work hard. Therefore, if you want to succeed we have to work harder and dedicate themselves to the goals we want to achieve, “called Lakshmi.
Proven he developed a Mittal Steel until it penetrated a dozen countries and four continents. He also discovered steel enterprise development innovations that make the factory became the largest in the world with millions of tons of production. Because of that, no wonder he was awarded various predicates from the different institutions and the media in the world.
His Own Steel Career :
However owing to differences with his father, mother and brothers, he set out to establish his own LNM group and has been the sole person responsible behind the astounding growth of his business in and around the world booming Lakshmi Niwas Mittal net worth. In 1994, After This Split Happened He took Over his own Business Internationally Operating Operation. his company has a production capacity of 42.1 million tons of steel, and one of every 5 cars use steel produced by his company which sky rocketed Lakshmi Niwas Mittal net worth.
Mittal’s LNM Company Registered in the Dutch Antilles & Maintaining Its 1,00,000 or More Workforce in U.K. He also discovered steel enterprise development innovations that make the factory became the largest in the world with millions of tons of production. Because of that, no wonder he was awarded various predicates from the different institutions and the media in the world.
In 2001, Lakshmi Steel Company Took over the place of Major Global Competitor In Steel Making Industries. Some Of Struggling Company’s Were Also reshaped Them Selves in Some Different Career Objects. This UK operating Company is Now Explored in Europe Also. Lakshmi Has Expanded The Business In Romania Also. UK Govt Prime Minister Tony Blair Also Said Lakshmi a Good Friend & Supported Him By Donating the Some Of a Big Amount For The Welfare of Labour Party at the time of Election. In the Same Year Lakshmi’s Steel Company became the 4th Largest in The World.
Since 2005, Mittal’s Steel Company became the Richest Company In the UK & Also Laxmi Niwas Mittal has Became the Richest Person of The UK. Arcelor’s Steel Company Became The Largest Producer of the Steel In The World. They Developed the Asset In The Different Parts Of the World Like; France, Belgium, South Africa, Poland, Indonesia, Kazakhstan, Bulgaria, Canada, Brazil & USA.
Lakshmi could not forget of difficulty even though he was already a wealthy man. He never forgets the place he was born even though he live in the United Kingdom.
Net Worth & Fortune :
For all his fortune, he knows how to spend or rather invest it. He has bought for himself many houses and real estate properties, the most famous which is his current residence at 18-19 Kensington Palace Gardens, which he purchased for US $ 128 million, making it the most expensive home at the time. it has interiors decorated by the marble taken from the same quarry that supplied to the Taj Mahal. Mittal owns three prime properties collectively worth £500 million on “Billionaire’s Row” at Kensington Palace Gardens.
He married off his daughter Vanisha Mittal to an investment banker Amit Bhatia, in what is undoubtedly the most expensive wedding ever recorded in history. He spent over US $ 78 million in the extravaganza that lasted for a week. He Also Arranged The Bollywood Night where Superstars Like rani Mukherjee, Aishwarya rai, Saif Ali Khan, Shahrukh khan Performed.
Mittal owns 45% of Arcelor’s Steel Company Which Is the largest Over the world For Any Steel Company. In 2007, he has Become World’s 5th Wealthiest person of the World With the net Worth of $50 Billion. He also bought a bungalow for $30 million in New Delhi. It is the most exclusive street in India.
His net Worth In 2017 is $16.4 Billion.
He made the Mittal Champions Trust grant funds and the US $9 million to support athletes of India to Excel and bring the name of the nation. The trust was created to support 10 Indian athletes with the potential to beat the world. Mittal awarded Olympic winner Abhinav Bindra with 1.5 crores for winning the Gold Medal in Shooting. also In the year 2003, Lakshmi Niwas Mittal and Usha Mittal Foundation partnered with the Rajasthan Government to create a University called LNM University of Information Technology. The university has been established in Jaipur. Mittal also founded the Usha Lakshmi Mittal Institute of Management.
In the year 2008, Mittal made a donation of 15 million pounds to great Ormond Street Hospital in London.
Awards & Achievements :
He is an independent director of Goldman Sachs and is on the board of directors of the European Aeronautic Defence and Space Company. He Is second richest man in the Europe.
- In 1996, Steel Maker Of The Year
- In 2004, 8th honorary Willy Korf Steel Vision Award, European businessman & Entrepreneur of the Year by Forbes
- In 2007, fellowship with King’s College London
- In 2008, Forbes Lifetime Achievement Award
“Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve.”
– Lakshmi Niwas Mittal