Thursday, April 16, 2009

Laxmi Niwas Mittal

Lakshmi Mittal
Chairman and CEO of Mittal Steel

Steel Tycoon Lakshmi Mittal, the 57 year old non resident Indian living in Kensington, London, is the fourth richest person in the world, with a personal fortune of US$45.0 billion according to Forbes magazine. The Financial Times named Lakshmi Mittal its 2006 Person of the Year. This London-based Indian billionaire industrialist, was named one of the "100 most influential people" by Time magazine in May 2007. He was also listed as the richest person in Britain in the Sunday Times Rich list 2005. Since 2005, Mittal has been the richest person residing in the United Kingdom, the richest person in Asia and the 4th richest person on the planet. He is the President of the Board of Directors and CEO of Arcelor Mittal, the world's largest producer of steel. Arcelor Mittal is the combination of the world’s number one and number two steel companies, Arcelor and Mittal Steel.

Lakshmi Mittal, or Lakshmi Niwas Mittal (Hindi: लक्ष्मि मित्तल; b. 15 June 1950), is an Indian industrialist based in the United Kingdom. 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.