By Vipin Agnihotri
Age: 57
Fortune: inherited and growing
Source: steel
Net Worth: $45.0 billion
Country Of Citizenship: India
Residence: London, United Kingdom, Europe & Russia
Industry: Manufacturing
Marital Status: married, 2 children
Education: St Xavier's College Calcutta, Bachelor of Arts / Science
Lakshmi Mittal is the President of the Board of Directors and CEO of ArcelorMittal, widely been regarded as the world's biggest producer of steel, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan, Canada, Bulgaria, United States, Trinidad, Brazil and Mexico. Recently, Forbes Magazine has declared Lakshmi Mittal as the fourth wealthiest person in the world ahead of Mukesh Ambani and Anil Ambani.
Lakshmi Mittal started his career working in the family’s steel making business in India, and has more than 30 years of experience working in steel and related industries. The main specialty of Mittal is that he has mastered the development of integrated mini-mills and the use of Direct Reduced Iron as a scrap substitute for steel making.
Lakshmi Mittal was awarded “Steel maker of the Year” in 1996 by New Steel in the USA. Furthermore, he was given “Willy Korf Steel Vision Award” in June 1998, for outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market.
Following the creation of Arcelor Mittal, the world’s number one steel company, Lakshmi Mittal was awarded “Business Person of 2006” by the Sunday Times’, “International Newsmaker of the Year 2006” by Time Magazine and “Person of the Year 2006” by the Financial Times for his outstanding business achievements. In January last year, Mittal was presented with a Fellowship from King’s College London; their highest award. At present, he is interested in purchasing failing Bulgarian steel-maker Kremikovtzi, which has been owned since 2005 by his brother Pramod Mittal.
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