, Employees of Mittal have accused him of allowing "slave labour" conditions after multiple fatalities in his mines. In 2017, the Mittal family made a significant gift to Harvard University, where Mr. Mittal is a member of the Global Advisory Council, to support the Lakshmi Mittal and Family South Asia Institute at Harvard University. , Mittal purchased the Irish Steel plant based in Cork, Ireland, from the government for a nominal fee of £1 million. , Mittal bought No. , In 2002, Plaid Cymru MP Adam Price obtained a letter written by Tony Blair to the Romanian Government in support of Mittal's LNM steel company, which was in the process of bidding to buy Romania's state-owned steel industry.  The house is decorated with marble taken from the same quarry that supplied the Taj Mahal. , In 2009, the Foundation along with Bharatiya Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi.  This revelation caused controversy, because Mittal had given £125,000 to the British Labour Party the previous year.  In 2007, Mittal was considered to be the richest Asian person in Europe. 15 million), for getting India its first individual Olympic gold medal in shooting. He turned them into profitable ventures in a year. , 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.  Mittal's net worth peaked in 2008, assessed by The Sunday Times at £27.70 billion, and by Forbes at US$45.0 billion, and rated as the fourth-wealthiest individual in the world. Mittal's daughter, Vanisha, was married in 2004 in an extravaganza in France that reportedly cost $55 million.  LNM was a "major global competitor of Britain's own struggling steel industry". Foundation’s thrust in the area of education is distinct. In his childhood, he used to sleep on mats and floor; as he lived in a small house with 25 family members.  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. Her father was a money lender. Client Brief: We were tasked with entertaining Lakshmi Mittal and family at dinner with a murder mystery event involving the whole family from children through to the adults.Due to the high profile of the client, this also meant dealing with PAs and high levels of security on site and making sure the strict timings were adhered to.  He graduated from St. Xavier's College, affiliated to the University of Calcutta, with a B.Com degree in the first class. She is the Chairman and Managing Director of Escada, the German fashion luxury brand.  He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015. CELP has transformed the lives of first-in-family college students from over 115 countries by identifying & nurturing hidden talent to build next-generation leaders. 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. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. He worked with the investment bank Credit Suisse First Boston in the mergers department before joining the family business in 1997. She has been an integral part of Mittalâs steel business for 15 years and in 2997, Arcelor Mittal passed a resolution that âentrusted her with the temporary responsibility of managingâ the company in the absence of its directors. Some 200 butlers, cooks and secretaries were reportedly flown into Spain from India and Thailand while the 500 guests were made to sign confidentiality agreements. Mr. Mittal and his wife, Usha Mittal, are active philanthropists. Lakshmi Mittal serves as chairman and CEO of $70.6 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output. We will continue to update information on Lakshmi Mittal’s parents. Three years later, in 2001, it was closed, leaving 400 people redundant. He was ranked in the top 10 of Forbes wealthiest people at one point just like Warren Buffett. He was born in Sadalpur, Churu District of Rajasthan- a district which was devoid of the basic amenities of life. Lakshmi Mittal Parents- Mohan Lal Mittal and Geeta Mittal, Lakshmi Mittal Siblings- Â Pramod Mittal, Vinod Mittal, Seema Lohia, Children of Lakshmi Mittal and Usha Mittal. Usha Mittal was born on January 1, 1970. Jeffery Immelt Jeffrey Robert Immelt is an American business executive. 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. In 2004, she married Amit Bhatia and the wedding became the talk of the year. Lakshmi Niwas Mittal has three siblings – two brothers and a sister. In the 1960s Mittal’s family moved to Calcutta (Kolkata), where his father operated a steel mill. FILE -- People pass through the Boeing campus in Renton, Wash., March 23, 2019. Lakshmi Mittal was born into a wealthy Indian steel family. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. Lakhsmi Niwas Mittal – father of Vanisha.  It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars. Lakshmi Mittal Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. , 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. , In 2019, Forbes named him in the list of India's Richest 2019. Mittal family net worth stands currently at $15.9 billion. He was named as 47th most powerful person in the Forbesâ list for 2012. He paid for his daughter Vanisha Mittal's wedding which was the second most expensive known wedding in history. Associated With. The donation was used to help fund their new facility, the Mittal Children's Medical Centre. Family. They have a son Mittal]] and a daughter Vanisha Mittal. He is married to Usha Mittal. In 1974, he started the Ispat Group with operations in Indonesia as well.  Mittal owns 38% of ArcelorMittal and holds a 20% stake in Queens Park Rangers F.C.., 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. The wedding was said to have costed $78 million. . , Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatisation of PHS steel group, which was Poland's largest. Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France. Vanisha Mittal topped the Forbes list of the daughters of the worldâs richest individuals in 2007. The senior Mittal started his journey by buying an ailing Kolkata steel mill in 1952, before turning it around. Tarun Khanna, director of the Lakshmi Mittal and Family South Asia Institute and Jorge Paulo Lemann Professor at the Harvard Business School, highlighted the importance of creating a robust platform for knowledge-sharing, connecting those who may …  The extravagant show of wealth has been referred to as the "Taj Mittal". Mittal and his wife Usha Mittal have a son, Aditya Mittal (who is President and Chief Financial Officer of ArcelorMittal), and a daughter, Vanisha Mittal Bhatia (who is a Director of ArcelorMittal). A gift by the family of Lakshmi Mittal to Harvard University has given the institution an opportunity to increase ties with South Asia. He is the sixth-richest person in the world in 2011, as ranked by Forbes. He was the head of the department when Arcelor was acquired by Mittal followed by the merger that led to the current Arcelor Mittal conglomerate. He completed his Primary and Secondary school from Nopany High formerly known as Shri Daulatram Nopany Vidyalaya. For more than a decade, The Lakshmi Mittal and Family South Asia Institute at Harvard University has supported interdisciplinary research, engagement, and programming for faculty, students, and visiting scholars at Harvard and in the South Asia region. He is married to Usha Mittal. , For Comic Relief he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice. He was appointed the head of Mergers and Acquisitions of Mittal Steel in 1999 and has been holding that position ever since. Mr Mittal's brother is Lakshmi Mittal, Britain's 19th richest man, who owns a £300 million mansion in Mayfair and is head of Arcelor Mittal, the world's biggest steel manufacturer. Mittal was born on 15 June 1950 in Rajasthani marwari family in Sadulpur, Rajasthan. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat. The eponymous college of Usha Mittal Institute of Technology promotes womenâs education in India. His family then relocated to Calcutta where his father established a small steel mill. #8) Lakshmi Mittal. Alternative Title: Lakshmi Narayan Mittal Lakshmi Mittal, in full Lakshmi Narayan Mittal, (born June 15, 1950, Sadulpur, Rajasthan, India), Indian businessman who was CEO (2006–) of ArcelorMittal, the world’s largest steelmaking company.  He is a lacto-vegetarian.  In 2008, Mittal awarded Abhinav Bindra with Rs. About Lakshmi Narayan Mittal Until 1960's, the village Lakshmi Mittal was born into was deprived of basic amenities like electricity, water etc. His father ran a steel business, Nippon Denro Ispat. 2021 Crossroads Emerging Leaders Program (CELP) applications are open! 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