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{{short description|Indian steel magnate (born 1950)}}
{{Infobox Celebrity
{{EngvarB|date=January 2015}}
| name =Lakshmi Narayan Mittal<br />{{Lang|hi|लक्ष्मि नारायण मित्तल}}
{{Use dmy dates|date=January 2020}}
| image =Lakshmimittal22082006.jpg
{{Infobox person
| birth_date = {{birth date and age|1951|6|15|df=y}}
| name = Lakshmi Mittal
| birth_place = [[Sadulpur]], [[Rajasthan]], [[India]]
| image = Lakshmi Mittal LM.jpg
| nationality = {{flagicon|IND}} [[India]]n
| caption = Mittal in 2013
<ref name="relig">[http://billionaires-blog.blogspot.com/2007/11/lakshmi-mitttal-steel-billionaire.html BILLIONAIRE SUCCESS STORY : Lakshmi Mittal - ArcelorMittal]</ref>
| birth_date = {{Birth date and age|1950|6|15|df=yes}}<ref name=acelor-directors /><ref name=123-birthday />
| residence = [[London]], [[England]]
| birth_place = [[Sadulpur]], [[Rajasthan]], [[India]]
| occupation = Chairman and CEO, [[ArcelorMittal]]
| citizenship = Indian<ref>{{Cite web|url=https://www.forbes.com/profile/lakshmi-mittal/?sh=48c2d2a5191e|title=Laksmi Mittal Profile|website=[[Forbes]] }}</ref>
| alma_mater =
| alma_mater = [[St. Xavier's College, Kolkata]], ([[Bachelor of Commerce|B.Com.]])<ref name=acelor-directors>{{cite web |archive-url=https://web.archive.org/web/20101227060601/http://www.arcelormittal.com/stainlesseurope/node/558 | archive-date=27 December 2010 |url=http://www.arcelormittal.com/stainlesseurope/node/558 |title=Cha|access-date=7 September 2010}}</ref>
| country = [[India]]
| occupation = Chairman of [[ArcelorMittal ]]& [[Aperam]]<br />Owner of Karrick Limited<ref>{{cite web|url=http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=364042&ticker=MT:US |archive-url=https://web.archive.org/web/20101114022010/http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=364042&ticker=MT:US |url-status=dead |archive-date=14 November 2010 |title=Lakshmi Mittal, Owner of Karrick Limited |publisher=Bloomberg BusinessWeek |date=25 February 2011 |access-date=25 February 2011}}</ref><br />Co-owner of [[Queens Park Rangers F.C.]]
| networth = [[US]] $46.0 Billion
| known_for = ''[[Business magnate|Steel magnate]]''<br>''King of Steel ''<ref>{{cite web |url=http://www.businessweek.com/magazine/lakshmi-mittal-the-king-of-steel-trips-up-11102011.html|archive-url=https://web.archive.org/web/20111114004926/http://www.businessweek.com/magazine/lakshmi-mittal-the-king-of-steel-trips-up-11102011.html|url-status=dead|archive-date=14 November 2011|title=Lakshmi Mittal, the King of Steel, Trips Up |first1=Stanley|last1=Reed|first2=Thomas|last2=Biesheuvel|work=Businessweek|date=10 November 2011|access-date=21 July 2014}}</ref>
| boards = [[Goldman Sachs]]
| spouse = Usha Mittal
| children = 2, including [[Aditya Mittal]]
| relatives = [[Pramod Mittal]] (brother)
| family = [[:Category:Mittal family|Mittal family]]
| awards = {{nowrap|[[Padma Vibhushan]] (2008)}}<ref>{{cite news |title=LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan |url=http://articles.economictimes.indiatimes.com/2008-01-26/news/27713021_1_padma-vibhushan-padma-awards-second-highest-civilian-award |archive-url=https://web.archive.org/web/20130528081221/http://articles.economictimes.indiatimes.com/2008-01-26/news/27713021_1_padma-vibhushan-padma-awards-second-highest-civilian-award |url-status=dead |archive-date=28 May 2013 |access-date=26 January 2008 | work=The Times of India |date=26 January 2008}}</ref>
| website =
}}
}}
'''Lakshmi Niwas Mittal''' ({{IPA|hi|ˈləkʃmi nɪˈʋaːs ˈmɪtːəl|lang|Laxmi niwas Mittal.ogg}}; born 15 June 1950 in [[Sadulpur, Rajasthan|Sadulpur]],<ref>{{Cite news |date=2007-01-31 |title=Mittal's 5-cr gift to Rajasthan hometown |url=https://timesofindia.indiatimes.com/india/mittals-5-cr-gift-to-rajasthan-hometown/articleshow/1540527.cms |access-date=2024-06-10 |work=The Times of India |issn=0971-8257}}</ref> [[Rajasthan]], India) is an Indian-born British steel magnate,<ref>{{cite web|url=https://www.cnbctv18.com/business/lakshmi-mittal-birthday-check-out-how-the-net-worth-of-steel-barons-changed-between-55-and-72-years-of-age-13814212.htm |title=A look at how the steel baron's net worth changed between 55 and 72 years of age |publisher=CNBC TV18 |date=15 June 2022}}</ref> based in the [[United Kingdom]]. He is the executive chairman of [[ArcelorMittal]], the world's second largest steelmaking company,<ref name="forbes">{{Cite web|title=Lakshmi Mittal|url=https://www.forbes.com/profile/lakshmi-mittal/|website=Forbes|language=en|access-date=2020-05-20}}</ref> as well as chairman of stainless steel manufacturer [[Aperam]].<ref name="screen">{{cite web | url=http://www.4-traders.com/APERAM-7261038/company/ | title = APERAM S.A. (APAM) |publisher=Surperformance |agency=MarketScreener |access-date=7 June 2021}}</ref> Mittal owns 38% of ArcelorMittal and holds a 3% stake in [[EFL Championship]] side [[Queens Park Rangers F.C.|Queens Park Rangers]].<ref name="qpr">{{Cite news|title=Lakshmi Mittal buys 20 per cent stake in Queens Park Rangers - Times of India|url=https://timesofindia.indiatimes.com/sports/Lakshmi-Mittal-buys-20-per-cent-stake-in-Queens-Park-Rangers/articleshow/2638970.cms|website=The Times of India|date=21 December 2007 |access-date=2020-05-20}}</ref>


In 2005, ''[[Forbes]]'' ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people.<ref name=hindu>{{Cite web|url=https://www.thehindu.com/archive/|title=Archive News|website=The Hindu}}</ref><ref>{{cite news |url= http://news.bbc.co.uk/1/hi/uk_politics/1815532.stm |title=Tory pressure over Mittal row |work=[[BBC News]] |date=12 February 2002 |publisher=[[BBC]] |location=London |access-date=21 July 2014}}</ref> He was ranked the [[The World's Billionaires 2011|sixth-richest person in the world]] by ''Forbes'' in 2011, but dropped to [[The World's Billionaires 2015|82nd place in March 2015]],<ref name="Forbes2015" /> and only to 130th by October 2024.<ref>{{Cite web |title=Lakshmi Mittal |url=https://www.forbes.com/profile/lakshmi-mittal/ |access-date=2024-10-18 |website=Forbes |language=en}}</ref> He is also the "57th-most powerful person" of the 72 individuals named in ''Forbes''' "Most Powerful People" list for 2015.<ref name="ppf">{{cite web |url=https://www.forbes.com/powerful-people/#tab:overall_page:6_ |work=Forbes |title=The World's Most Powerful People |access-date=21 March 2015}}</ref> His daughter Vanisha Mittal's wedding (in 2005) was the second-most expensive in [[recorded history]].<ref name=wedhist>{{cite web |url= http://www.businessinsider.com/most-expensive-weddings-in-history-2011-4?op=1 |title=The 12 Most Expensive Weddings in History |first=Gus |last=Lubin |work=Business Insider |date=28 April 2011 |access-date=21 July 2014}}</ref>
'''Lakshmi Mittal'''<ref name=IVBio>{{cite web | url=http://www.investingvalue.com/investment-leaders/lakshmi-mittal/index.htm | title=Lakshmi Mittal Biography | accessdate=2007-07-21}}</ref>, or '''Lakshmi Narayan Mittal''' ({{Lang-hi|लक्ष्मि नारायण मित्तल}}; b. 15 June 1950<ref>[http://www.mittalsteel.com/Company/Management/Board+of+Directors/Lakshmi+N.+Mittal.htm Lakshmi N. Mittal biography at Mittal Steel]</ref>), is an [[India]]n [[industrialist]] based in the [[United Kingdom]]. He is the fourth [[List of billionaires (2008)|richest person in the world]] with a [[net worth]] of around [[United States|U.S.]] $45 billion. He was born in [[Sadulpur]] village, in the [[Churu]] district of [[Rajasthan]], [[India]], and he resides in [[Kensington]], [[London]]. He is the chairman and CEO of [[ArcelorMittal]] (founder of Mittal before merger with Arcelor) and also serves as a non-executive director of [[Goldman Sachs]], [[EADS]] and [[ICICI Bank]].<ref>IHT (2008). [http://www.iht.com/articles/2008/06/29/business/mittal.php Mittal joins Goldman Sachs board]. Retrieved November 1, 2008.</ref>.


Mittal has been a member of the board of directors of [[Goldman Sachs]] since 2008.<ref name=gs>{{cite web |url=http://www.goldmansachs.com/who-we-are/leadership/board-of-directors/09-lakshmi-n-mittal.html |work=Goldman Sachs |title=Board of Directors – Lakshmi N. Mittal |access-date=19 July 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120621212535/http://www.goldmansachs.com/who-we-are/leadership/board-of-directors/09-lakshmi-n-mittal.html |archive-date=21 June 2012 }}</ref> He sits on the [[World Steel Association]]'s executive committee,<ref name=ArcelorMitttalBoard>{{cite web |url=http://corporate.arcelormittal.com/who-we-are/leadership/board-of-directors |publisher=ArcelorMittal |title=Board of directors – Lakshmi N Mittal |access-date=5 July 2017}}</ref> and is a member of the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries,<ref name=ArcelorMitttalBoard/> the Foreign Investment Council in [[Kazakhstan]],<ref name=ArcelorMitttalBoard/> the [[World Economic Forum]]'s International Business Council,<ref name=ArcelorMitttalBoard/> and the European Round Table of Industrialists.<ref name=ArcelorMitttalBoard/> He is also a member of the board of trustees of the [[Cleveland Clinic]].<ref name=ArcelorMitttalBoard/>
==Biography==
Mital was born in a [[Rajasthan]] [[Agrawal]] family and spent his initial years in [[India]], living with his extended family on bare floors and rope beds in a house built by his grandfather.{{Fact|date=September 2008}} His family was from humble roots; his grandfather worked for the [[Tarachand Ghanshyamdas Poddar]] firm, one of the leading industrial firms of [[India]].
His father started an Oil Mill in [[Hardoi]], [[Uttar Pradesh]] as a working partner for Lala Gulab Chand, a local business tycoon. The family eventually moved to [[Calcutta]] where his father, Mohan, became a partner in a steel company and made a fortune.


In 2005, ''[[The Sunday Times]]'' named him "Business Person of 2006", the ''[[Financial Times]]'' named him "Person of the Year", and ''[[Time (magazine)|Time]]'' magazine named him "International Newsmaker of the Year 2006".<ref name=ArcelorMitttalBoard/> In 2007, ''Time'' magazine included him in their "[[Time 100]]" list.<ref>{{cite magazine| url=http://www.time.com/time/specials/packages/completelist/0,29569,1595326,00.html | archive-url=https://web.archive.org/web/20090905162137/http://www.time.com/time/specials/packages/completelist/0,29569,1595326,00.html | url-status=dead | archive-date=5 September 2009 | magazine=Time | title=The 2007 Time 100}}</ref>
Mittal graduated from [[St. Xavier's College]] in [[Calcutta]] with a [[Bachelor of Commerce|Bachelor of Commerce degree]]<ref name=IVBio /> in Business and Accounting in 1969 <ref>[http://www.webindia123.com/personal/abroad/mittal.htm Personalities in India - Personalities abroad -Lakshmi Mittal<!-- Bot generated title -->]</ref>.


==Early life and career==
===Career===
Mittal was born in a [[Marwari people|Marwari Hindu]] family. He studied at Shri Daulatram Nopany Vidyalaya, [[Kolkata|Calcutta]] from 1957 to 1964.<ref name=school>{{Cite web|title=India's Top Billionaires & Schools They Attended|url=https://www.marketingmind.in/indias-top-billionaires-schools-they-attended/|date=2020-04-21|website=Marketing Mind|language=en-US|access-date=2020-05-20}}</ref> He graduated from [[St. Xavier's College, Kolkata|St. Xavier's College]], affiliated to the [[University of Calcutta]], with a [[Bachelor of Commerce|B.Com]] degree in the first class.


Lakshmi's father, Mohanlal Mittal, ran a steel business, [[Ispat industries Ltd|Nippon Denro Ispat]].<ref name=fie>{{cite web|url=http://www.financeninvestments.com/entrepreneurs/lakshmi-mittal-biography.html |title=Lakshmi Mittal Biography: Education, Net Worth and His Personal Life |publisher=financeninvestments.com |date=3 September 2010 |access-date=7 September 2010}}</ref> In 1976, because of the curb of steel production by the Indian government, the 26-year-old Mittal opened his first steel factory PT Ispat Indo in [[Sidoarjo Regency|Sidoarjo]], [[East Java]], [[Indonesia]].<ref name=tjp>{{cite web |url=http://www.thejakartapost.com/news/2006/04/03/nur-saidah-surabaya039s-steel-woman-tough-industry.html |title=Nur Saidah: Surabaya's steel woman in a tough industry |work=The Jakarta Post|date=3 April 2006 |access-date=21 July 2014 |url-status=dead |archive-url=https://web.archive.org/web/20141016015855/http://www.thejakartapost.com/news/2006/04/03/nur-saidah-surabaya039s-steel-woman-tough-industry.html |archive-date=16 October 2014 }}</ref><ref name="Buana2007">{{cite book|author=Zia Permata Buana |title=Kisah sukses Lakshmi Mittal, dari Surabaya ke London: Rahasia Bisnis Orang Asia Terkaya di Dunia |url=https://books.google.com/books?id=IkHN4Sw8yoEC |date=1 July 2007 |publisher=Hikmah |isbn=978-979-1140-98-0 |access-date=21 July 2014|language=id}}</ref>
Mr. Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, he set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father, mother and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. Mittal's family never spoke publicly about the reasons for the split.


In 1989 Mittal purchased the state-owned steel works in [[Trinidad and Tobago]], which were operating at an enormous loss. He turned them into profitable ventures in a year.<ref name=infact>{{Cite web|title=Interesting facts about Lakshmi Mittal that will inspire you|url=https://www.businessinsider.in/thelife/personalities/news/interesting-facts-about-lakshmi-mittal-that-will-inspire-you/articleshow/77219914.cms|access-date=2020-08-20|website=Business Insider}}</ref><ref name="ebhist">{{cite news |title=ArcelorMittal Luxembourgian company |url=https://www.britannica.com/topic/ArcelorMittal |publisher=Encyclopaedia Britannica |date=25 June 2019}}</ref>

Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in [[Nagpur]] and an alloy steels plant near [[Pune]]. Today, the family business, including a large integrated steel plant near [[Mumbai]], is run by his younger brothers [[Pramod Mittal]] and Vinod Mittal, but Lakshmi has no connection with it.<ref name=mtoday>{{cite web |url= http://www.managementtoday.co.uk/news/1164606/Caribbean-global-steel-giant-rise-ArcelorMittal |title=From the Caribbean to global steel giant: The rise of ArcelorMittal |first=Andrew |last= Saunders |work=Management Today |date=1 January 2013 |access-date=21 July 2014}}</ref>

In 1995 Mittal purchased the [[Irish Steel]] plant based in [[Cork (city)|Cork]], [[Ireland]], from the government for a nominal fee of [[IR£]]1.<ref name="irishexaminer">{{cite web|url = https://www.irishexaminer.com/news/arid-20220160.html | publisher = Irish Examiner | website = irishexaminer.com | title = Film featuring ex-Ispat workers in Ireland may make French employees nervous | date = 21 January 2013 | accessdate = 6 June 2021 }}</ref> Only six years later in 2001 it was closed, leaving over 400 people redundant.<ref name="irishexaminer"/> Subsequent environmental issues at the site have been a cause for criticism. The Irish government sought a High Court judgement that Mittal's company should contribute to the cost of the clean-up of [[Cork Harbour]], but failed.<ref name=cleanit>{{cite web| url = https://www.irishexaminer.com/news/arid-10087212.html | title = Ispat steel plant 'could cost taxpayer €70m' | date = 5 August 2004 | accessdate = 6 June 2021 | quote = decision by the High Court last week that the State and not Irish Ispat should be responsible for bearing the costs of the clean-up }}</ref> The clean up was expected to cost €70&nbsp;million.<ref name=70mil>{{cite news|url=http://findarticles.com/p/articles/mi_qn4161/is_20040808/ai_n12900740 |title=Steel Plant Mess Bill Has Doubled |work=Sunday Mirror|date=8 August 2004 |access-date=7 September 2010 |first=Lisa |last=O'Connor |url-status=dead |archive-url=https://web.archive.org/web/20101027174039/http://findarticles.com/p/articles/mi_qn4161/is_20040808/ai_n12900740/ |archive-date=27 October 2010 }}</ref>

Prior to December 2001, Mittal had acquired assets which he renamed Ispat Mexicana and his Kazakhstani operation Ispat Karmet. That month he renamed Sidex Galati to Ispat Sidex,<ref name="egl">{{cite news |title=Ispat Sidex names new board |url=https://www.metalbulletin.com/Article/1769721/Ispat-Sidex-names-new-board.html |agency=metalbulletin.com |publisher=Euromoney Global Limited |date=13 December 2001}}</ref> which he had acquired in November 2001.<ref name="seen">{{cite news |title=Liberty Galati SA (formerly known as Arcelormittal Galati SA) |url=https://seenews.com/companies/company_profile/liberty-galati-sa-formerly-known-as-arcelormittal-galati-sa-128 |publisher=SeeNews |date=23 March 2021}}</ref>

In October 2003, the LNM Group succeeded in concluding the $155 million transaction to pry loose the Romanian government from the control of steel assets Siderurgica Hunedoara and Petrotub Roman, the day after it took over the PHS Steel Group which include Huta Sendzimira, Huta Katowice, Huta Florian and Huta Cedler from the Polish government.<ref name="tetrao">{{cite news |last1=Rao |first1=HS |title=LNM acquires Romanian steel plant |url=https://economictimes.indiatimes.com/lnm-acquires-romanian-steel-plant/articleshow/257680.cms |publisher=The Economic Times |date=29 October 2003}}</ref><ref name=abc/>

Petrotub Roman was renamed Ispat Tepro in the sequel.<ref name="sotep">{{cite news |title=Ispat Tepro increased production by 255% |url=https://www.steelorbis.com/steel-news/latest-news/ispat-tepro-increased-production-by-255-51857.htm |publisher=SteelOrbis |date=11 June 2004}}</ref>

Mittal successfully employed [[Marek Dochnal]]'s consultancy to influence Polish officials in the 2003 privatisation of PHS steel group, which was then Poland's largest. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair.<ref name="times">{{cite news |url=https://www.thetimes.co.uk/article/how-tycoon-went-from-polo-lawns-to-polish-jail-nnq8lhjfvhh |title=How tycoon went from polo lawns to Polish jail |work=The Times |date=27 November 2004|access-date=25 January 2022}}</ref> In March 2007, the Polish government said it wanted to renegotiate the 2004 sale to ArcelorMittal.<ref name=abc>{{cite web|url=https://www.abcmoney.co.uk/2007/03/16/poland-wants-to-renegotiate-terms-of-phs-sale-to-arcelor-mittal/ |title=Poland wants to renegotiate terms of PHS sale to Arcelor Mittal |publisher=ABC Money |date=16 March 2007 |access-date=25 January 2022 |first=Sam |last=Allcock}}</ref>

Employees of Mittal have accused him of allowing "slave labour" conditions after multiple fatalities in his mines.<ref name=slaves>{{cite news |url=https://www.thetimes.co.uk/article/uks-richest-man-in-slave-labour-row-ww8fgzj967d |first1=Mark |last1=Franchetti |first2=Robert |last2=Winnett |title=UK's richest man in slave labour row |work=The Times |location=London |date=10 June 2007|access-date=25 January 2022}}</ref> For example, during December 2004, 23 miners died in explosions in his mines in [[Kazakhstan]] caused by faulty gas detectors.<ref name=kazak>{{Cite web|date=2008-01-14|title=Methane Blast Kills at Least 23 at ArcelorMittal Coal Mine in Kazakhstan|url=http://www.industriall-union.org/archive/icem/methane-blast-kills-at-least-23-at-arcelormittal-coal-mine-in-kazakhstan|access-date=2020-11-13|website=IndustriALL|language=en}}</ref>

In 2006–07, Mittal succeeded in a hostile takeover bid for [[Arcelor]], which he renamed [[Arcelor Mittal]]. In so doing he obtained control of amongst others the [[Usinor]] steel assets of France, the [[Arbed]] steel assets of Luxembourg, and the [[Aceralia]] steel assets of Spain.<ref name=ebhist/>

==Controversies==
===The Mittal Affair: "Cash for Influence"===
===The Mittal Affair: "Cash for Influence"===
In 2002, [[Plaid Cymru]] [[Member of Parliament|MP]] [[Adam Price]] obtained a letter written by [[Tony Blair]] to the Romanian Government in support of Mittal's LNM Group steel company, which was in the process of bidding to buy Romania's state-owned industry.<ref name="news.bbc.co.uk">{{cite news |url= http://news.bbc.co.uk/1/hi/wales/1813620.stm |title=Plaid reveals Labour steel cash link |work=[[BBC News]] |date=11 February 2002 |publisher=[[BBC]] |location=[[London]] |access-date=21 July 2014}}</ref><ref>{{cite news |url= http://news.bbc.co.uk/1/hi/business/1820324.stm |title=Lakshmi Mittal, steel mill millionaire |first=Mike |last=Verdin |work=[[BBC News]] |date=14 February 2002 |publisher=[[BBC]] |location=[[London]] |access-date=21 July 2014}}</ref><ref name="Garbage">{{cite news |url= http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm |title=Q&A: 'Garbagegate' |work=[[BBC News]] |date=14 February 2002 |publisher=[[BBC]] |location=[[London]] |access-date=21 July 2014}}</ref> This revelation caused controversy, because Mittal had given £125,000 to the British [[Labour Party (UK)|Labour Party]] the previous year. Although Blair defended his letter as simply "celebrating the success" of a British company, he was criticised because LNM was registered in the [[Netherlands Antilles|Dutch Antilles]] and employed less than 1% of its workforce in the UK.<ref name="Garbage"/> LNM was a "major global competitor of Britain's own struggling steel industry".<ref>{{cite news |url= http://news.bbc.co.uk/1/hi/wales/1827460.stm |title=Steel firm condemns 'Mittal aid' |work=[[BBC News]] |date=18 February 2002 |publisher=[[BBC]] |location=[[London]] |access-date=21 July 2014}}</ref>
{{main|Mittal Affair}}
Controversy erupted in 2002 as [[History of Plaid Cymru|Plaid]] [[Member of Parliament|MP]] [[Adam Price]] exposed the link between UK prime minister [[Tony Blair]] and Mittal in the [[Mittal Affair]], also known as 'Garbagegate' or ''Cash for Influence''.<ref name="news.bbc.co.uk">[http://news.bbc.co.uk/1/hi/wales/1813620.stm Plaid reveals Labour steel cash link Monday, 11 February 2002, extracted 11-01-07]</ref><ref>[http://news.bbc.co.uk/1/hi/business/1820324.stm Lakshmi Mittal, steel mill millionaire Thursday, 14 February 2002, extracted 11-01-07]</ref> <ref>[http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm Q&A: 'Garbagegate' Thursday, 14 February 2002 extracted 11-01-07]</ref> Mittal's [[LNM]] steel company, registered in the [[Dutch Antilles]] and maintaining less than 1% of its 100,000 plus workforce in the UK, sought Blair's aid in its bid to purchase [[Romania]]'s state steel industry. <ref>[http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm Q&A: 'Garbagegate' Thursday, 14 February 2002 extracted 11-01-07]</ref> The letter from Blair to the Romanian government, a copy of which Price was able to obtain, hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the [[European Union]].<ref name="news.bbc.co.uk"/>
The letter had a passage in it removed just prior to Blair's signing of it, describing Mittal as "a friend."<ref>[http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm Q&A: 'Garbagegate' 14 February 2002, extracted 11-01-07]</ref>
In exchange for Blair's support Mittal, already a Labour contributor, donated £125,000 more to Labour party funds a week after the 2001 UK General Elections, while as many as six thousand [[Welsh people|Welsh]] steelworkers were [[laid off]] that same year, Price and others pointed out. As well as this, Mittal is a non-resident Indian residing in the United Kingdom for over 14 years. Because of this, he has been included on many unofficial Wealth-indicative lists as the richest man in the United Kingdom, when in actuality, the List held by the UK and Channel Island Treasury Authority lists no mention of name "Lakshmi (or derivatives) Mittal." [[Corus Group]] and [[Valkia Limited]] were two of the primary employers in south [[Wales]], particularly in [[Ebbw Vale]], [[Llanwern]], and [[Port Talbot]].<ref>[http://news.bbc.co.uk/1/hi/wales/1827460.stm Steel firm condemns 'Mittal aid' Monday, 18 February 2002, 14:47 GMT extracted 11-01-07]</ref>.


Blair's letter hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the [[European Union]].<ref name="news.bbc.co.uk"/> It also had a passage, removed just prior to Blair's signing of it, describing Mittal as "a friend".<ref name="Garbage"/>
===Queens Park Rangers===


In October 2003, the LNM Group succeeded in concluding the transaction to pry loose the Romanian government from the control of steel assets.<ref name="tetrao"/>
Recently, Mittal had emerged as a leading contender to buy and sell [[Premier League|Barclays Premiership]] clubs [[Wigan Athletic F.C.|Wigan]] and [[Everton F.C.|Everton]]. However on 20 December 2007 it was announced that the Mittal family had purchased a 20 per cent shareholding in [[Queens Park Rangers F.C.|Queens Park Rangers football club]] joining [[Flavio Briatore]] and Mittal's friend [[Bernie Ecclestone]].<ref>{{Cite news
| title = QPR secure huge investment boost
| work = BBC
| accessdate = 2007-12-20
| url = http://news.bbc.co.uk/sport1/hi/football/teams/q/qpr/7154202.stm
}}</ref> <ref>[http://news.bbc.co.uk/sport1/hi/football/teams/q/qpr/6974099.stm F1 magnates to take over at QPR] from [[BBC Sport]]</ref> As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating other similar benefactors such as [[Roman Abramovich]].<ref>[http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2007/12/21/sfnqpr121.xml Lakshmi Mittal pushes QPR up the rich list] by Kevin Garside, [[Daily Telegraph]], 21 December 2007</ref>


==Personal wealth==
==Social work==
In March 2008, Mittal was reported to be the 4th wealthiest person in the world, and the wealthiest in [[Asia]], by ''[[Forbes Magazine]]'' (up from 61st. richest in 2004) up one place since a year ago. The Mittal family owns a controlling majority stake in [[ArcelorMittal]], the world's largest steel company.<ref>{{cite news | title=Mittal announces bid for rival Arcelor | publisher=The Guardian |date=27 January 2006 | url=http://business.guardian.co.uk/story/0,,1696397,00.html}}</ref>


===Sports===
His residence at [[Kensington Palace Gardens]] was bought from [[Formula One]] boss [[Bernie Ecclestone]] in 2004 for £57 million (US$128 million), making it the world's most expensive house, at that date.<ref>{{cite news | title=$128M Spend for London House | publisher=MSNBC|date=12 April 2004|url=http://www.msnbc.msn.com/id/4722789/}}</ref>
After witnessing India win only one medal, [[bronze medal|bronze]], in the [[2000 Summer Olympics]], and one medal, [[silver medal|silver]], at the [[2004 Summer Olympics]], Mittal decided to set up the [[Mittal Champions Trust]] with $9&nbsp;million to support ten Indian athletes with world-beating potential.<ref>{{cite web |url= http://www.dnaindia.com/sport/report-mittal-s-olympic-dream-is-worth-rs-40-crore-9054 |title=Mittal's Olympic dream is worth Rs 40 crore |work=[[Daily News and Analysis]] |date=9 November 2005 |access-date=21 July 2014}}</ref> In 2008, Mittal awarded [[Abhinav Bindra]] with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. ArcelorMittal also provided steel for the construction of the [[ArcelorMittal Orbit]] for the [[2012 Summer Olympics]].<ref>{{cite web |url= http://arcelormittalorbit.com/about/about-the-arcelormittal-orbit/|title=About the ArcelorMittal Orbit|access-date=1 November 2016}}</ref>


For [[Comic Relief]] he matched the money raised (~£1 million) on the celebrity special BBC programme, ''[[The Apprentice (British TV series)|The Apprentice]]''.{{Citation needed|date=March 2014}}
Kensington Gardens, currently owned by financier [[Noam Gottesman]]. The [[Guardian newspaper]] reported that the purchase price would be £127 million, which would set a record for the most expensive house ever sold in [[Great Britain|Britain]]. The paper noted that the house on "Billionaire's Boulevard" was expected to be the home of Mittal's son.
{{wikinews|Lakshmi Mittal tops Sunday Times Rich List}}
Mittal's house in [[Kensington Palace Gardens|Kensington]], [[London]] is decorated with marble taken from the same [[quarry]] that supplied the [[Taj Mahal]]. The extravagant show of wealth has been deemed the "Taj Mittal".<ref>[http://googlesightseeing.com/2007/07/13/takeover-week-billionaires-row-rob/ Takeover Week: Billionaires Row (Rob) - Google Sightseeing<!-- Bot generated title -->]</ref>
The ''[[Financial Times]]'' named Lakshmi Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 Most Influential People" by ''[[Time (magazine)|Time]]'' magazine.Lakshmi Mittal paid himself a bonus totalling GB£1.1bn [http://www.guardian.co.uk/theobserver/2006/feb/05/7days4.news] out of company funds in 2004 after a takeover of a US-based steelmaker, ISG.


Mittal had emerged as a leading contender to buy and sell [[Premier League|Barclays Premiership]] clubs [[Wigan Athletic F.C.|Wigan]] and [[Everton F.C.|Everton]]. However, on 20 December 2007, it was announced that the Mittal family had purchased a 20 per cent shareholding in [[Queens Park Rangers F.C.|Queens Park Rangers football club]] joining [[Flavio Briatore]] and Mittal's friend [[Bernie Ecclestone]].<ref>{{Cite news|title=QPR secure huge investment boost|work=BBC|access-date=20 December 2007|url=http://news.bbc.co.uk/sport1/hi/football/teams/q/qpr/7154202.stm|date=20 December 2007|location=London}}</ref> As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating similar benefactors such as [[Roman Abramovich]].<ref>{{cite news |url=https://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2007/12/21/sfnqpr121.xml |archive-url=https://web.archive.org/web/20071225080021/http://www.telegraph.co.uk/sport/main.jhtml?xml=%2Fsport%2F2007%2F12%2F21%2Fsfnqpr121.xml |url-status=dead |archive-date=25 December 2007 |title=Lakshmi Mittal pushes QPR up the rich list |first=Kevin |last=Garside |newspaper=[[The Daily Telegraph]] |date=21 December 2007 |access-date=5 August 2021 }}</ref> On 19 February 2010, Briatore resigned as QPR chairman, and sold further shares in the club to Ecclestone, making Ecclestone the single largest shareholder.<ref>{{cite news| title = Briatore resigns as QPR chairman|work=[[Reuters]]|access-date=20 February 2010|url=http://in.reuters.com/article/motorSportsNews/idINLDE61I27B20100219|archive-url=https://archive.today/20130104145619/http://in.reuters.com/article/motorSportsNews/idINLDE61I27B20100219|url-status=dead|archive-date=4 January 2013|date=19 February 2010}}</ref>
==Charity==
After witnessing India win only one medal, [[bronze medal|bronze]], in the [[2000 Summer Olympics]], and one medal, [[silver medal|silver]], at the [[2004 Summer Olympics]], Mittal decided to set up [[Mittal Champions Trust]] with US$9 million to support 10 Indian athletes with world-beating potential.<ref>[http://dnaindia.com/report.asp?NewsID=9054 DNA - Sport - Mittal’s Olympic dream is worth Rs 40 crore - Daily News & Analysis<!-- Bot generated title -->]</ref>.In 2008 Mittal awarded [[Abhinav Bindra]] with Rs. 1.5 Crore, for getting [[India]] its first individual [[Olympic Games|Olympic]] gold medal in shooting.


===Education===
For ''[[Comic Relief (charity)|Comic Relief]] 2007'', he matched the money raised (~£1 million) on the celebrity special BBC programme, ''[[The Apprentice (UK)|The Apprentice]]''.
In 2003, the Lakshmi Niwas Mittal, Usha Mittal Foundation and the [[Government of Rajasthan]] partnered together to establish a university, the [[LNM Institute of Information Technology]] (LNMIIT) in [[Jaipur]] as an autonomous non-profit organisation.{{Citation needed|date=March 2014}}<ref>{{Cite web|url=https://www.lnmiit.ac.in/aboutus/directorsmessage.html|title=Welcome to LNMIIT|website=www.lnmiit.ac.in}}</ref>


In 2009, the Foundation along with [[Bharatiya Vidya Bhavan]] founded the Usha Lakshmi Mittal Institute of Management in [[New Delhi]].{{Citation needed|date=March 2014}}
===Allegations===


[[SNDT Women's University]] renamed the Institute of Technology for Women (ITW) as [[Usha Mittal Institute of Technology]] after a large donation from the Lakshmi Niwas Mittal Foundation.{{Citation needed|date=March 2014}}
Employees of Mittal have accused him of "slave labour" conditions after multiple fatalities in his mines.<ref>[http://www.timesonline.co.uk/tol/news/uk/article1909761.ece UK’s richest man in slave labour row]</ref>
==Awards==
*2008: [[Padma Vibhushan]]
*2007: Bessemer Gold Medal
*2006: Person of the Year - ''Financial Times''
*2004: European Businessman of the Year - ''Fortune'' magazine
*1998: Willy Korf Steel Vision Award - ''American Metal Market'' and ''PaineWeber’s World Steel Dynamics''
*1996: Steelmaker of the Year - ''New Steel''


He completed his primary and secondary school from Nopany High formerly known as Shri Daulatram Nopany Vidyalaya.
==See also==

*[[Arcelor Mittal]]
===Medical===
*[[B4U (network)|B4U]]
In 2008, the Mittals made a donation of £15 million to [[Great Ormond Street Hospital]] in London, the largest private contribution the hospital had ever received. The donation was used to help fund their new facility, the Mittal Children's Medical Centre.<ref>{{Cite web|url=http://www.standard.co.uk/news/mittals-15m-gift-to-great-ormond-street-is-a-record-6680419.html|title=Mittals' £15m gift to Great Ormond Street is a record|date=9 April 2008|website=Evening Standard}}</ref>
*[[List of billionaires]]

*[[Agrawal]]
====COVID-19 pandemic====
* [[Nattal Sahu]]
He made a donation of ₹100 crores to PM cares fund during the [[COVID-19 pandemic in India]] in 2020.<ref>{{Cite web|url=https://www.businesstoday.in/current/corporate/coronavirus-crisis-lakshmi-mittal-announces-rs-100-cr-to-pm-cares-fund/story/399785.html|title=Coronavirus crisis: Lakshmi Mittal announces Rs 100 cr to PM CARES Fund|website=www.businesstoday.in|date=April 2020 }}</ref>

==Personal life==
[[File:18-19 Kensington palace Gardens London.jpg|thumb|Mittal's residence, 18–19, [[Kensington Palace Gardens]], [[London]]]]
Mittal is married to Usha Dalmia. They have a son [[Aditya Mittal]] and a daughter Vanisha Mittal.

Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal, and a sister, Seema Lohia, who married [[Indonesia]]n businessman, [[Sri Prakash Lohia]].<!-- Most sources say this, one say he fibbed about it so 2 September may be correct! --><ref name=acelor-directors/><ref name=123-birthday>{{cite web |title=Lakshmi Mittal Chairman and CEO of Mittal Steel |url=http://www.webindia123.com/personal/abroad/mittal.htm |website=webindia123.com |access-date=22 March 2015}}</ref> His residence at 18–19 [[Kensington Palace Gardens]]—which was purchased from [[Formula One]] boss [[Bernie Ecclestone]] in 2004 for £67 million (US$128 million)—made it the world's most expensive house at the time.<ref>{{Cite news| title=$128M Spend for London House | work=NBC News |date=12 April 2004 |url=https://www.nbcnews.com/id/wbna4722789}}</ref> The house is decorated with marble taken from the same [[quarry]] that supplied the [[Taj Mahal]].<ref>{{cite news| url=https://www.telegraph.co.uk/comment/personal-view/3636555/Profile-Lakshmi-Mittal.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/comment/personal-view/3636555/Profile-Lakshmi-Mittal.html |archive-date=12 January 2022 |url-access=subscription |url-status=live | location=London | work=The Daily Telegraph | first=William | last=Langley | title=Profile: Lakshmi Mittal | date=21 January 2007}}{{cbignore}}</ref> The extravagant show of wealth has been referred to as the "Taj Mittal".<ref>{{cite web |url= http://googlesightseeing.com/2007/07/takeover-week-billionaires-row-rob/ |title=Takeover Week: Billionaires Row |first=James |last=Turnbull |work=Google Sightseeing |date=13 July 2007 |access-date=21 July 2014}}</ref> It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.<ref>{{cite news|url=https://www.forbes.com/2009/03/11/billionaire-homes-expensive-billionaires-2009-lifestyle-real-estate-homes_4.html?thisSpeed=30000 |archive-url=https://web.archive.org/web/20090315180451/http://www.forbes.com/2009/03/11/billionaire-homes-expensive-billionaires-2009-lifestyle-real-estate-homes_4.html?thisSpeed=30000 |url-status=dead |archive-date=15 March 2009 |title=Photo Gallery: Homes of the Billionaires |work=Forbes |date=22 May 2002 |access-date=7 September 2010}}</ref> He is a [[Lacto vegetarianism|lacto-vegetarian]].<ref name="On billionaire row, it's simple, veggie fare">{{cite news|title=On billionaire row, it's simple, veggie fare|url=http://articles.economictimes.indiatimes.com/2008-09-28/news/27728100_1_networth-diet-anil-agarwal|archive-url=https://web.archive.org/web/20131113181813/http://articles.economictimes.indiatimes.com/2008-09-28/news/27728100_1_networth-diet-anil-agarwal|url-status=dead|archive-date=13 November 2013|access-date=31 May 2012|newspaper=The Times of India|date=28 September 2008}}</ref>

Mittal bought No.&nbsp;9A Palace Greens, [[Kensington Gardens]], formerly the Philippines Embassy, for £70&nbsp;million in 2008 for his daughter Vanisha Mittal who is married to [[Amit Bhatia]], a businessman and [[philanthropist]]. Mittal threw a lavish "vegetarian reception" for Vanisha in the [[Palace of Versailles]], France.<ref name="On billionaire row, it's simple, veggie fare"/>

In 2005, he also bought a colonial bungalow for $30&nbsp;million at No.&nbsp;22, [[Dr APJ Abdul Kalam Road]], [[New Delhi]], one of the most exclusive streets in [[India]], occupied by embassies and billionaires, and rebuilt it as a house.<ref>{{cite news| url=http://articles.timesofindia.indiatimes.com/2005-08-18/india/27836275_1_compressor-water-system-green-signal | archive-url=https://web.archive.org/web/20111011161901/http://articles.timesofindia.indiatimes.com/2005-08-18/india/27836275_1_compressor-water-system-green-signal | url-status=dead | archive-date=11 October 2011 | work=[[The Times of India]] | title=Lakshmi Mittal builds real Utopia | date=18 August 2005}}</ref>

===Personal wealth===
According to the ''[[Sunday Times Rich List 2016]]'', Mittal and his family had an estimated personal [[net worth]] of {{GBP}}7.12&nbsp;[[1,000,000,000|billion]],<ref name="strl2016">{{cite web|url=http://www.thesundaytimes.co.uk/sto/public/richlist/|archive-url=https://web.archive.org/web/20101231113409/http://www.thesundaytimes.co.uk/sto/public/richlist/|url-status=dead|archive-date=31 December 2010|title=Rich List|work=thesundaytimes.co.uk|access-date=24 April 2016|editor1=Beresford, Philip |editor1-link=Philip Beresford |editor2=Watts, Robert |date=24 April 2016 }}</ref> a decrease of $2.08&nbsp;billion on the previous year.<ref name="strl2015">{{cite news|url=http://www.thesundaytimes.co.uk/sto/public/richlist/|archive-url=https://web.archive.org/web/20101231113409/http://www.thesundaytimes.co.uk/sto/public/richlist/|url-status=dead|archive-date=31 December 2010|title=2015 Rich List|work=thesundaytimes.co.uk|access-date=9 October 2015 |editor1=Beresford, Philip |editor1-link=Philip Beresford |date=April 2015}}</ref> Meanwhile, in 2016 ''[[Forbes]]'' magazine's annual billionaires list assessed estimated Mittal's wealth in 2016 at as the 135th-wealthiest billionaire with a net worth of {{USD}}8.4&nbsp;billion.<ref name="Forbes-2016">{{cite news |url=https://www.forbes.com/profile/lakshmi-mittal/?list=billionaires |title=#135 Lakshmi Mittal |work=[[Forbes]] |date=February 2016 |access-date=9 June 2015 }}</ref> Mittal's net worth peaked in 2008, assessed by ''The Sunday Times'' at £27.70&nbsp;billion,<ref name="strl2008" /> and by ''Forbes'' at {{USD}}45.0&nbsp;billion, and rated as the fourth-wealthiest individual in the world.<ref name="Forbes-2008"/> As of 2022, he was ranked as the 15th richest man in India by ''Forbes'' with a net-worth of US$17.8 billion.<ref>{{cite web |title=Lakshmi Mittal |url=https://www.forbes.com/profile/lakshmi-mittal/?sh=4e16fc0c191e |website=Forbes |access-date=January 24, 2023}}</ref> According to Forbes, Lakshmi Mittal’s net worth is currently estimated at US$16.4 billion as of 2024. He holds the position of the 113th richest individual globally and ranks as the 13th wealthiest person in India.<ref>{{Cite web |title=Lakshmi Mittal |url=https://www.forbes.com/profile/lakshmi-mittal/ |access-date=2024-05-26 |website=Forbes |language=en}}</ref><ref>{{Cite web |last=Peterson-Withorn |first=Chase |title=Forbes World’s Billionaires List 2024: The Top 200 |url=https://www.forbes.com/sites/chasewithorn/2024/04/02/forbes-worlds-billionaires-list-2024-the-top-200/ |access-date=2024-05-26 |website=Forbes |language=en}}</ref>

In October 2024, Mittal was ranked 15th on Forbes list of India’s 100 richest tycoons, with a net worth of $16.7 billion.<ref>{{Cite web |date=October 9, 2024 |title=India’s 100 Richest |url=https://www.forbes.com/lists/india-billionaires/ |website=India’s 100 Richest}}</ref>

====Wealth rankings====
:{| class="wikitable"
!colspan="2"|<small>Legend</small>
|-
!<small> Icon</small>
!<small> Description</small>
|-
|{{steady}}
|<small>Has not changed from the previous year's list</small>
|-
|{{profit}}
|<small>Has increased from the previous year's list</small>
|-
|{{loss}}
|<small>Has decreased from the previous year's list</small>
|}

{| class="wikitable"
! rowspan=2 | Year
! colspan=2 width=40% | ''[[The Sunday Times]]''<br>[[Sunday Times Rich List|Rich List]]
! colspan=2 width=40% | ''[[Forbes]]''<br>{{nowrap|[[The World's Billionaires]]}}
|-
! Rank
! [[Net worth]]<br/>({{GBP}}) [[1,000,000,000|bn]]
! Rank
! [[Net worth]]<br/>({{USD}}) [[1,000,000,000|bn]]
|-
| 2005
| align="center" |
| align="right" |
| align="center" | {{nts|3}}
| align="right" | $25.00
|-
| 2006
| align="center" | {{nts|1}}
| align="right" | £14.88 {{increase}}
| align="center" | {{nts|5}} {{decrease}}
| align="right" | $23.50 {{decrease}}
|-
| 2007<ref name="Forbes-2007">{{cite news |url=https://www.forbes.com/lists/2007/10/07billionaires_Lakshmi-Mittal_R0YG.html |title=#5 Lakshmi Mittal |work=[[Forbes]] |date=8 March 2007 |access-date=9 June 2015 }}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £19.25 {{increase}}
| align="center" | {{nts|5}} {{steady}}
| align="right" | $32.00 {{increase}}
|-
| 2008<ref name="strl2008">{{cite news |url=https://www.thetimes.co.uk/article/rich-list-reveals-wealthy-reap-profits-under-labour-rwf0pd9hh6v |title=Rich List reveals wealthy reap profits under Labour |work=[[The Sunday Times]] |date=27 April 2008 |editor1=Beresford, Philip |editor1-link=Philip Beresford|access-date=25 January 2022}}</ref><ref name="Forbes-2008">{{cite news |url=https://www.forbes.com/lists/2008/10/billionaires08_Lakshmi-Mittal_R0YG.html |title=#4 Lakshmi Mittal |work=[[Forbes]] |date=5 March 2008 |access-date=9 June 2015 }}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £27.70 {{increase}}
| align="center" | {{nts|4}} {{increase}}
| align="right" | $45.00 {{increase}}
|-
| 2009<ref name="strl2009">{{cite news |url=https://www.thetimes.co.uk/article/sunday-times-rich-list-2009-bonfire-of-the-billionaires-wipes-out-pound155bn-fortune-rp62d9qpmkr |title=Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune |work=[[The Sunday Times]] |date=26 April 2009 |editor1=Beresford, Philip |editor1-link=Philip Beresford|access-date=25 January 2022}}</ref><ref name="Forbes-2009">{{cite news |url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Lakshmi-Mittal_R0YG.html |title=#8 Lakshmi Mittal |work=[[Forbes]] |date=11 March 2009 |access-date=9 June 2015 }}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £10.80 {{decrease}}
| align="center" | {{nts|8}} {{decrease}}
| align="right" | $19.30 {{decrease}}
|-
| 2010<ref name=Rubble>{{cite news |url=http://business.timesonline.co.uk/tol/business/specials/rich_list/article7107182.ece |archive-url=https://web.archive.org/web/20110611214558/http://business.timesonline.co.uk/tol/business/specials/rich_list/article7107182.ece |url-status=dead |archive-date=11 June 2011 |title=The Sunday Times Rich List 2010: Rising from the rubble |work=[[The Sunday Times]] |date=25 April 2010 }}</ref><ref name="strl2010">{{cite news|url=http://www.thesundaytimes.co.uk/sto/public/richlist/|archive-url=https://web.archive.org/web/20101231113409/http://www.thesundaytimes.co.uk/sto/public/richlist/|url-status=dead|archive-date=31 December 2010|title=2010 Rich List|work=thesundaytimes.co.uk<!-- |access-date=October 2011 --> |editor1=Beresford, Philip |editor1-link=Philip Beresford |date=25 April 2010}}</ref><ref name="Forbes-2010">{{cite news |url=https://www.forbes.com/lists/2010/10/billionaires-2010_Lakshmi-Mittal_R0YG.html |title=#5 Lakshmi Mittal |work=[[Forbes]] |date=10 March 2010 |access-date=9 June 2015 }}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £22.45 {{increase}}
| align="center" | {{nts|5}} {{increase}}
| align="right" | $28.70 {{increase}}
|-
| 2011<ref>{{cite news |url=http://www.nriinternet.com/NRI_Forbes/2011/BILLIONAIR.htm |title=Fifty Indians on Forbes' global billionaire club |work=NRI internet |location=Washington, D.C. |date=10 March 2011 |access-date=9 June 2016 }}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £17.50 {{decrease}}
| align="center" | {{nts|6}} {{decrease}}
| align="right" | $31.10 {{increase}}
|-
| 2012<ref name="strl2012">{{cite news|url=http://www.thesundaytimes.co.uk/sto/public/richlist/|archive-url=https://web.archive.org/web/20101231113409/http://www.thesundaytimes.co.uk/sto/public/richlist/|url-status=dead|archive-date=31 December 2010|title=2014 Rich List|work=thesundaytimes.co.uk<!-- |access-date=October 2012 --> |editor1=Beresford, Philip |editor1-link=Philip Beresford |date=29 April 2012}}</ref>
| align="center" | {{nts|1}} {{steady}}
| align="right" | £12.70 {{decrease}}
| align="center" | {{nts|21}} {{decrease}}
| align="right" | $20.70 {{decrease}}
|-
| 2013<ref name="ibt2013">{{cite news|url=http://www.ibtimes.co.in/top-10-richest-people-in-india-mukesh-ambani-lakshmi-mittal-dilip-shanghvi-photos-517932 |title=Top 10 Richest People in India: Mukesh Ambani, Lakshmi Mittal, Dilip Shanghvi|work=[[International Business Times]]|access-date=9 June 2016 |date=29 October 2013 }}</ref><ref name="forbes2013">{{cite news|url=http://www.executivestyle.com.au/heir-style-the-rich-kids-who-have-it-all-2xbt0 |title=Heir style: the rich kids who have it all |work=Executive Style |location=Australia |access-date=10 June 2016 |author=Willett, Megan |date=2013}}</ref>
| align="center" | {{nts|4}} {{decrease}}
| align="right" | £10.00 {{decrease}}
| align="center" | {{nts|41}} {{decrease}}
| align="right" | $16.50 {{decrease}}
|-
| 2014<ref name="reuters2014">{{cite news|url=http://in.reuters.com/article/forbes-bill-gates-buffett-carlos-idINDEEA2301B20140304 |archive-url=https://web.archive.org/web/20160227125446/http://in.reuters.com/article/forbes-bill-gates-buffett-carlos-idINDEEA2301B20140304 |url-status=dead |archive-date=27 February 2016 |title=Bill Gates tops Forbes billionaire list, Mukesh Ambani richest Indian|work=[[Reuters]]|access-date=10 June 2016 |author=Stempel, Jonathan |date=4 March 2014}}</ref>
| align="center" | {{nts|3}} {{increase}}
| align="right" | £10.25 {{increase}}
| align="center" | {{nts|52}} {{decrease}}
| align="right" | $13.70 {{decrease}}
|-
| 2015<ref name=Forbes2015>{{cite web |url= https://www.forbes.com/profile/lakshmi-mittal/ |work=The World's Billionaires |title=#82 Lakshmi Mittal |publisher=[[Forbes]] |date=21 March 2015 |access-date=22 March 2015}}</ref><ref name=Guardian>{{cite news |url=https://www.theguardian.com/business/2015/apr/26/crisis-what-crisis-britains-richest-double-their-wealth-in-10-years |title=Richest Double wealth |work=[[The Guardian]] |location=United Kingdom |date=26 April 2015 |access-date=26 April 2015 }}</ref><ref name="forbes2015">{{cite news|url=https://www.forbes.com/sites/russellflannery/2015/03/09/2015-forbes-billionaires-full-list-of-asias-562-richest-people/#1528f47654ab |title=2015 Forbes Billionaires: Full List Of Asia's 562 Richest People |work=[[Forbes]]|access-date=10 June 2016 |author=Flannery, Russell |date=9 March 2015}}</ref>
| align="center" | {{nts|7}} {{decrease}}
| align="right" | £9.20 {{increase}}
| align="center" | {{nts|82}} {{decrease}}
| align="right" | $13.50 {{decrease}}
|-
| 2016<ref name="strl2016"/><ref name="Forbes-2016"/>
| align="center" | {{nts|11}} {{decrease}}
| align="right" | £7.12 {{increase}}
| align="center" | {{nts|135}} {{decrease}}
| align="right" | $8.40 {{decrease}}
|-
| 2020<ref>[https://www.thetimes.co.uk/sunday-times-rich-list The Rich List 2020] Times Newspapers Limited, 2020</ref><ref>[https://www.forbes.com/profile/lakshmi-mittal/#7864bb2e191e #196 Lakshmi Mittal] Forbes, 8 September 2020</ref>
| align="center" | {{nts|19}} {{decrease}}
| align="right" | £6.78 {{decrease}}
| align="center" | {{nts|196}} {{decrease}}
| align="right" | $9.70 {{increase}}
|-
|2024<ref>{{Cite web |title=Forbes Billionaires 2024 |url=https://www.forbes.com/billionaires/ |access-date=2024-05-26 |website=Forbes |language=English}}</ref><ref>{{Cite web |date=2024-05-26 |title=The Sunday Times Rich List 2024 |url=https://www.thetimes.co.uk/sunday-times-rich-list |access-date=2024-05-26 |website=www.thetimes.co.uk |language=en}}</ref>
|{{nts|7}} {{increase}}
|£14.92 {{increase}}
|{{nts|113}}{{increase}}
|$16.4 {{increase}}
|}

==Awards and honours==
[[File:The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri Lakshmi Niwas Mittal at Civil Investiture-II Ceremony, at Rashtrapati Bhavan, in New Delhi on May 10, 2008.jpg|thumb|The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri Lakshmi Niwas Mittal at Civil Investiture-II Ceremony, at Rashtrapati Bhavan, in New Delhi on May 10, 2008]]
{| class="wikitable" style="font-size:90%;"
|-
! Year of award or honour !! Name of award or honour !! Awarding organisation
|-
| 2008
| [[Padma Vibhushan]]
| [[Government of India]]
|-
| 2008
| Forbes Lifetime Achievement Award
| ''[[Forbes]]''
|-
| 2007
| Fellowship
| [[King's College London]]
|-
| 2007
| [[Bessemer Gold Medal]]
| [[IOM3]]
|-
| 2004
| European Businessman of the Year
| Forbes
|-
| 2004
| Entrepreneur of the Year
| ''[[The Wall Street Journal]]''
|-
| 2004
| 8th honorary Willy Korf Steel Vision Award
| American Metal Market and World Steel Dynamics
|-
| 1996
| Steel Maker of the Year
| New Steel
|}

* Tim Bouquet and Byron Ousey – ''Cold Steel'' (Little, Brown, 2008)
* Navalpreet Rangi – ''Documentary Film'' (The Man with a Mission, 2010)


==References==
==References==
{{reflist|2}}
{{Reflist}}


==External links==
==External links==
* {{commons category-inline}}
*[http://www.arcelormittal.com ArcelorMittal website]
* [https://www.forbes.com/profile/lakshmi-mittal Profile] at ''[[Forbes]]''
*[http://www.arcelormittal.tv ArcelorMittal web tv]
* [http://news.bbc.co.uk/2/hi/business/5142202.stm Profile] at ''[[BBC News]]''
*[http://www.time.com/time/europe/magazine/article/0,13005,901060213-1156507,00.html Article on Mittal with background on Arcelor takeover bid] - ''[[Time (magazine)|Time]]''
* [https://content.time.com/time/subscriber/article/0,33009,1156507,00.html Article on Mittal with background on Arcelor takeover bid] – ''[[Time (magazine)|Time]]''
*[http://www.telegraph.co.uk/news/uknews/2014300/Lakshmi-Mittal-to-buy-Britainandrsquos-most-expensive-house-for-andpound117-million.html Lakshmi Mittal to buy Britain's most expensive house] - The Guardian
* [http://news.bbc.co.uk/1/hi/world/south_asia/3830009.stm BBC News Online – "Glimpsing a Fairytale Wedding"]
*[http://business.timesonline.co.uk/article/0,,9072-1521099,00.html Article on Mittal] - Times Online
* [https://archive.today/20121220232801/http://www.ohiocitizen.org/campaigns/isg/isg.html ''Mittal Steel Cleveland Works'']
*[http://news.bbc.co.uk/1/hi/uk_politics/1818955.stm Q&A on the "Mittalgate" scandal] - [[BBC News]]
* [https://www.bloomberg.com/apps/news?pid=20601100&sid=azkhfjKQebj0 Article on Mittal Family purchase of Escada] – Bloomberg
*[http://news.bbc.co.uk/1/hi/world/south_asia/3830009.stm BBC - ""Glimpsing a Fairytale Wedding""] - [[BBC News]]

*[http://www.coldsteelbook.com ''Cold Steel'']
{{Padma Vibhushan Awards|state=collapsed}}

{{Authority control}}


{{DEFAULTSORT:Mittal, Lakshmi}}
{{DEFAULTSORT:Mittal, Lakshmi}}
[[Category:1950 births]]
[[Category:1950 births]]
[[Category:Arcelor Mittal|*]]
[[Category:Living people]]
[[Category:Political scandals in the United Kingdom]]
[[Category:Marwari people]]
[[Category:Businesspeople of Indian descent]]
[[Category:ArcelorMittal]]
[[Category:Businesspeople in steel]]
[[Category:Businesspeople in steel]]
[[Category:Directors of Goldman Sachs]]
[[Category:Fellows of King's College London]]
[[Category:Indian billionaires]]
[[Category:Indian billionaires]]
[[Category:Indian businesspeople]]
[[Category:Indian chief executives]]
[[Category:Indian expatriates in the United Kingdom]]
[[Category:Indian emigrants to England]]
[[Category:Labour Party people (UK)]]
[[Category:Labour Party (UK) donors]]
[[Category:Living people]]
[[Category:People from Churu district]]
[[Category:Padma Vibhushan recipients]]
[[Category:St. Xavier's College, Kolkata alumni]]
[[Category:Indian Institute of Social Welfare and Business Management alumni]]
[[Category:People from Rajasthan]]
[[Category:University of Calcutta alumni]]
[[Category:University of Calcutta alumni]]
[[Category:Indian immigrants to the United Kingdom]]
[[Category:Rajasthani people]]
[[Category:Fellows of King's College London]]
[[Category:Bessemer Gold Medal]]
[[Category:Queens Park Rangers F.C. directors and chairmen]]

[[Category:Recipients of the Padma Vibhushan in trade & industry]]
[[ar:لاكشمي ميتال]]
[[Category:20th-century Indian businesspeople]]
[[bs:Lakshmi Mittal]]
[[Category:Businesspeople from Rajasthan]]
[[cs:Lakšmí Mittal]]
[[de:Lakshmi Mittal]]
[[Category:Mittal family|Lakshmi]]
[[Category:Conservative Party (UK) donors]]
[[es:Lakshmi Mittal]]
[[fr:Lakshmi Mittal]]
[[ko:라크시미 미탈]]
[[hi:लक्ष्मी मित्तल]]
[[id:Lakshmi Mittal]]
[[it:Lakshmi Mittal]]
[[lb:Lakshmi Mittal]]
[[mr:लक्ष्मी मित्तल]]
[[nl:Lakshmi Mittal]]
[[ja:ラクシュミー・ミッタル]]
[[no:Lakshmi Mittal]]
[[pl:Lakshmi Mittal]]
[[pt:Lakshmi Mittal]]
[[ro:Lakshmi Mittal]]
[[ru:Миттал, Лакшми]]
[[sr:Лакшми Митал]]
[[fi:Lakshmi Mittal]]
[[sv:Lakshmi Mittal]]
[[ta:லக்ஸ்மி மிட்டால்]]
[[te:లక్ష్మి నారాయణ్ మిత్తల్]]
[[vi:Lakshmi Mittal]]
[[tr:Lakshmi Mittal]]
[[uk:Міттал Лакшмі]]
[[zh:拉克希米·米塔尔]]

Latest revision as of 14:52, 1 January 2025

Lakshmi Mittal
Mittal in 2013
Born (1950-06-15) 15 June 1950 (age 74)[1][2]
Sadulpur, Rajasthan, India
CitizenshipIndian[3]
Alma materSt. Xavier's College, Kolkata, (B.Com.)[1]
Occupation(s)Chairman of ArcelorMittal & Aperam
Owner of Karrick Limited[4]
Co-owner of Queens Park Rangers F.C.
Known forSteel magnate
King of Steel [5]
Board member ofGoldman Sachs
SpouseUsha Mittal
Children2, including Aditya Mittal
RelativesPramod Mittal (brother)
FamilyMittal family
AwardsPadma Vibhushan (2008)[6]

Lakshmi Niwas Mittal (Hindi: [ˈləkʃmi nɪˈʋaːs ˈmɪtːəl] ⓘ; born 15 June 1950 in Sadulpur,[7] Rajasthan, India) is an Indian-born British steel magnate,[8] based in the United Kingdom. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company,[9] as well as chairman of stainless steel manufacturer Aperam.[10] Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers.[11]

In 2005, Forbes ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people.[12][13] He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015,[14] and only to 130th by October 2024.[15] He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015.[16] His daughter Vanisha Mittal's wedding (in 2005) was the second-most expensive in recorded history.[17]

Mittal has been a member of the board of directors of Goldman Sachs since 2008.[18] He sits on the World Steel Association's executive committee,[19] and is a member of the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries,[19] the Foreign Investment Council in Kazakhstan,[19] the World Economic Forum's International Business Council,[19] and the European Round Table of Industrialists.[19] He is also a member of the board of trustees of the Cleveland Clinic.[19]

In 2005, The Sunday Times named him "Business Person of 2006", the Financial Times named him "Person of the Year", and Time magazine named him "International Newsmaker of the Year 2006".[19] In 2007, Time magazine included him in their "Time 100" list.[20]

Early life and career

[edit]

Mittal was born in a Marwari Hindu family. He studied at Shri Daulatram Nopany Vidyalaya, Calcutta from 1957 to 1964.[21] He graduated from St. Xavier's College, affiliated to the University of Calcutta, with a B.Com degree in the first class.

Lakshmi's father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat.[22] In 1976, because of the curb of steel production by the Indian government, the 26-year-old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia.[23][24]

In 1989 Mittal purchased the state-owned steel works in Trinidad and Tobago, which were operating at an enormous loss. He turned them into profitable ventures in a year.[25][26]

Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in Nagpur and an alloy steels plant near Pune. Today, the family business, including a large integrated steel plant near Mumbai, is run by his younger brothers Pramod Mittal and Vinod Mittal, but Lakshmi has no connection with it.[27]

In 1995 Mittal purchased the Irish Steel plant based in Cork, Ireland, from the government for a nominal fee of IR£1.[28] Only six years later in 2001 it was closed, leaving over 400 people redundant.[28] Subsequent environmental issues at the site have been a cause for criticism. The Irish government sought a High Court judgement that Mittal's company should contribute to the cost of the clean-up of Cork Harbour, but failed.[29] The clean up was expected to cost €70 million.[30]

Prior to December 2001, Mittal had acquired assets which he renamed Ispat Mexicana and his Kazakhstani operation Ispat Karmet. That month he renamed Sidex Galati to Ispat Sidex,[31] which he had acquired in November 2001.[32]

In October 2003, the LNM Group succeeded in concluding the $155 million transaction to pry loose the Romanian government from the control of steel assets Siderurgica Hunedoara and Petrotub Roman, the day after it took over the PHS Steel Group which include Huta Sendzimira, Huta Katowice, Huta Florian and Huta Cedler from the Polish government.[33][34]

Petrotub Roman was renamed Ispat Tepro in the sequel.[35]

Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the 2003 privatisation of PHS steel group, which was then Poland's largest. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair.[36] In March 2007, the Polish government said it wanted to renegotiate the 2004 sale to ArcelorMittal.[34]

Employees of Mittal have accused him of allowing "slave labour" conditions after multiple fatalities in his mines.[37] For example, during December 2004, 23 miners died in explosions in his mines in Kazakhstan caused by faulty gas detectors.[38]

In 2006–07, Mittal succeeded in a hostile takeover bid for Arcelor, which he renamed Arcelor Mittal. In so doing he obtained control of amongst others the Usinor steel assets of France, the Arbed steel assets of Luxembourg, and the Aceralia steel assets of Spain.[26]

Controversies

[edit]

The Mittal Affair: "Cash for Influence"

[edit]

In 2002, Plaid Cymru MP Adam Price obtained a letter written by Tony Blair to the Romanian Government in support of Mittal's LNM Group steel company, which was in the process of bidding to buy Romania's state-owned industry.[39][40][41] This revelation caused controversy, because Mittal had given £125,000 to the British Labour Party the previous year. Although Blair defended his letter as simply "celebrating the success" of a British company, he was criticised because LNM was registered in the Dutch Antilles and employed less than 1% of its workforce in the UK.[41] LNM was a "major global competitor of Britain's own struggling steel industry".[42]

Blair's letter hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union.[39] It also had a passage, removed just prior to Blair's signing of it, describing Mittal as "a friend".[41]

In October 2003, the LNM Group succeeded in concluding the transaction to pry loose the Romanian government from the control of steel assets.[33]

Social work

[edit]

Sports

[edit]

After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up the Mittal Champions Trust with $9 million to support ten Indian athletes with world-beating potential.[43] In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. ArcelorMittal also provided steel for the construction of the ArcelorMittal Orbit for the 2012 Summer Olympics.[44]

For Comic Relief he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.[citation needed]

Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton. However, on 20 December 2007, it was announced that the Mittal family had purchased a 20 per cent shareholding in Queens Park Rangers football club joining Flavio Briatore and Mittal's friend Bernie Ecclestone.[45] As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating similar benefactors such as Roman Abramovich.[46] On 19 February 2010, Briatore resigned as QPR chairman, and sold further shares in the club to Ecclestone, making Ecclestone the single largest shareholder.[47]

Education

[edit]

In 2003, the Lakshmi Niwas Mittal, Usha Mittal Foundation and the Government of Rajasthan partnered together to establish a university, the LNM Institute of Information Technology (LNMIIT) in Jaipur as an autonomous non-profit organisation.[citation needed][48]

In 2009, the Foundation along with Bharatiya Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi.[citation needed]

SNDT Women's University renamed the Institute of Technology for Women (ITW) as Usha Mittal Institute of Technology after a large donation from the Lakshmi Niwas Mittal Foundation.[citation needed]

He completed his primary and secondary school from Nopany High formerly known as Shri Daulatram Nopany Vidyalaya.

Medical

[edit]

In 2008, the Mittals made a donation of £15 million to Great Ormond Street Hospital in London, the largest private contribution the hospital had ever received. The donation was used to help fund their new facility, the Mittal Children's Medical Centre.[49]

COVID-19 pandemic

[edit]

He made a donation of ₹100 crores to PM cares fund during the COVID-19 pandemic in India in 2020.[50]

Personal life

[edit]
Mittal's residence, 18–19, Kensington Palace Gardens, London

Mittal is married to Usha Dalmia. They have a son Aditya Mittal and a daughter Vanisha Mittal.

Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal, and a sister, Seema Lohia, who married Indonesian businessman, Sri Prakash Lohia.[1][2] His residence at 18–19 Kensington Palace Gardens—which was purchased from Formula One boss Bernie Ecclestone in 2004 for £67 million (US$128 million)—made it the world's most expensive house at the time.[51] The house is decorated with marble taken from the same quarry that supplied the Taj Mahal.[52] The extravagant show of wealth has been referred to as the "Taj Mittal".[53] It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.[54] He is a lacto-vegetarian.[55]

Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal who is married to Amit Bhatia, a businessman and philanthropist. Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France.[55]

In 2005, he also bought a colonial bungalow for $30 million at No. 22, Dr APJ Abdul Kalam Road, New Delhi, one of the most exclusive streets in India, occupied by embassies and billionaires, and rebuilt it as a house.[56]

Personal wealth

[edit]

According to the Sunday Times Rich List 2016, Mittal and his family had an estimated personal net worth of £7.12 billion,[57] a decrease of $2.08 billion on the previous year.[58] Meanwhile, in 2016 Forbes magazine's annual billionaires list assessed estimated Mittal's wealth in 2016 at as the 135th-wealthiest billionaire with a net worth of US$8.4 billion.[59] Mittal's net worth peaked in 2008, assessed by The Sunday Times at £27.70 billion,[60] and by Forbes at US$45.0 billion, and rated as the fourth-wealthiest individual in the world.[61] As of 2022, he was ranked as the 15th richest man in India by Forbes with a net-worth of US$17.8 billion.[62] According to Forbes, Lakshmi Mittal’s net worth is currently estimated at US$16.4 billion as of 2024. He holds the position of the 113th richest individual globally and ranks as the 13th wealthiest person in India.[63][64]

In October 2024, Mittal was ranked 15th on Forbes list of India’s 100 richest tycoons, with a net worth of $16.7 billion.[65]

Wealth rankings

[edit]
Legend
Icon Description
Steady Has not changed from the previous year's list
Increase Has increased from the previous year's list
Decrease Has decreased from the previous year's list
Year The Sunday Times
Rich List 		Forbes
The World's Billionaires
Rank Net worth
(£) bn 		Rank Net worth
(US$) bn
2005 3 $25.00
2006 1 £14.88 Increase 5 Decrease $23.50 Decrease
2007[66] 1 Steady £19.25 Increase 5 Steady $32.00 Increase
2008[60][61] 1 Steady £27.70 Increase 4 Increase $45.00 Increase
2009[67][68] 1 Steady £10.80 Decrease 8 Decrease $19.30 Decrease
2010[69][70][71] 1 Steady £22.45 Increase 5 Increase $28.70 Increase
2011[72] 1 Steady £17.50 Decrease 6 Decrease $31.10 Increase
2012[73] 1 Steady £12.70 Decrease 21 Decrease $20.70 Decrease
2013[74][75] 4 Decrease £10.00 Decrease 41 Decrease $16.50 Decrease
2014[76] 3 Increase £10.25 Increase 52 Decrease $13.70 Decrease
2015[14][77][78] 7 Decrease £9.20 Increase 82 Decrease $13.50 Decrease
2016[57][59] 11 Decrease £7.12 Increase 135 Decrease $8.40 Decrease
2020[79][80] 19 Decrease £6.78 Decrease 196 Decrease $9.70 Increase
2024[81][82] 7 Increase £14.92 Increase 113Increase $16.4 Increase

Awards and honours

[edit]
The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri Lakshmi Niwas Mittal at Civil Investiture-II Ceremony, at Rashtrapati Bhavan, in New Delhi on May 10, 2008
Year of award or honour Name of award or honour Awarding organisation
2008 Padma Vibhushan Government of India
2008 Forbes Lifetime Achievement Award Forbes
2007 Fellowship King's College London
2007 Bessemer Gold Medal IOM3
2004 European Businessman of the Year Forbes
2004 Entrepreneur of the Year The Wall Street Journal
2004 8th honorary Willy Korf Steel Vision Award American Metal Market and World Steel Dynamics
1996 Steel Maker of the Year New Steel
  • Tim Bouquet and Byron Ousey – Cold Steel (Little, Brown, 2008)
  • Navalpreet Rangi – Documentary Film (The Man with a Mission, 2010)

References

[edit]
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