Lakshmi Niwas Mittal About this sound pronunciation (help·info); (born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds an 11% stake in Queens Park Rangers F.C..
In 2005, Forbes ranked Mittal as the third richest person in the world. In 2007, Mittal was considered to be the richest Asian person in Europe. He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. In spite of the drop, Forbes estimated that he still had a personal wealth of US$16 billion in October 2013. Mukesh Ambani remains the richest Indian, overtaking him, although there have been frequent surpasses. In 2017, Forbes ranked him as the 56th richest person in the world with a net worth of US$16.4 billion. He is also the “57th-most powerful person” of the 72 individuals named in Forbes’ “Most Powerful People” list for 2015.[14] His daughter Vanisha Mittal’s wedding was the second-most expensive in recorded history.
Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the Airbus Group (formerly known as European Aeronautic Defence and Space Company (EADS)). He sits on the World Steel Association’s executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique. He also sits on the advisory board of Northwestern University’s Kellogg School of Management in the United States and is a member of the board of trustees of the Cleveland Clinic.
In 2006 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”. In 2007, Time magazine included him in their “100 most influential persons in the world”.
Mittal is chairman and largest shareholder of ArcelorMittal, the world’s biggest steelmaker. The Luxembourg-based company has mining, energy and refining operations in 60 countries and had revenue of $69 billion in 2017. The India-born billionaire owns several properties in London, where he now resides.
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