Obnews Desk: Laxmi Niwas Mittal is an Indian steel businessman living in the United Kingdom. He is the executive chairman of Arcelor Mittal, the world’s second largest steel manufacturer, along with the chairman of Stainless Steel Manufacturer Epherum. Mittal is owned by 38% of Arseler Mittal and the EFL Championship team holds a 3% stake in Queens Park Rangers. Lakshmi Mittal was born on 15 June 1950 in Sadulpur, Rajasthan in Churu district. Today he is 75 years old. Let’s know on his birthday, special things to his life.
In 2005, Forbes ranked Mittal as the third richest person in the world, making him the first Indian citizen to finish in the top-10 in the annual list of publication of the world’s richest people. He was given the status of the world’s sixth richest person by Forbes in 2011, but in March 2015 he finished 82nd and finished only 130th by October 2024. He is also the 57th most powerful person out of 72 persons nominated in Forbes’ list of “most powerful people” for 2015. His daughter Vanisha Mittal’s wedding (in 2005) was the second most expensive marriage in the history recorded.
Lakshmi Mittal is a member of the Board of Directors of Goldman Sachs since 2008. He sits in the Executive Committee of the World Steel Association and is also associated with the Global CEO Council of the Chinese Peoples Association for Friendship with Foreign Country. The International Business Council and European Round Table of Industrialists of the World Economic Forum are members. Apart from this, he is also a member of the trustee board of Cleveland Clinic.
According to Sunday Times Rich List 2016, Mittal and his family had an estimated individual total assets of 7.12 billion, which was $ 2.08 billion lower than the previous year. Meanwhile, in 2016, Mittal’s assets were estimated in 2016 as the 135th richest billionaire with a total assets of US $ 8.4 billion in the list of annual billionaires. Mittal’s total assets were at its peak in 2008, which was underestimated by Sunday Times 27.70 billion, and Forbes was judged by US $ 45.0 billion, and was considered the fourth richest person in the world.
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By the year 2022, he was ranked by Forbes as the 15th richest person in India with a total assets of US $ 17.8 billion. According to Forbes, Lakshmi Mittal’s total assets are currently estimated at US $ 16.4 billion by 2024. He is the 113rd richest person globally and the 13th richest person in India. In October 2024, Mittal was ranked 15th in Forbes’ list of India’s 100 richest people, with total assets of $ 16.7 billion.
In 2004, Lakshmi Mittal married her daughter in Paris. On that day Paris, the capital of France, has been decorated like a bride. Lakshmi Mittal had chosen the Viox VioComte Mahal in the 17th century in Paris for the wedding of her daughter Vanisha. There was no shortage of anything in this program which lasted six days. The proof of Lakshmi Mittal being powerful is found from here that when he was marrying his daughter, the Paris government also helped her in every possible way.