Lakshmi Niwas Mittal (Chairman and CEO of ArcelorMittal)

Lakshmi Niwas Mittal (Chairman and CEO of ArcelorMittal)

Born on: 15th Jun 50
Born in: India
Marital status: Married

Occupation: ArcelorMittal
Born on 15th June, 1950, Lakshmi Mittal is the protagonist of a typical rags-to-richest story. From a youth, who spent his life sleeping on thin mattresses, he has turned into the owner and CEO of world’s largest steel production company ArcelorMittal. With a personnel fortune of US 20.7 billion, he stands sixth on the list of world's richest persons .

He is also the second richest man in Europe and the richest man in United Kingdom for the fifth time in a row. 

Mittal is a graduate of Indian Institute of Social Welfare and Business Management, which happens to be the first business school of India. He started his career from working for his father’s steel business, which was known by the name of Nippon Denro Ispat. However owing to differences with his father, mother and brothers, he set out to establish his own LNM group and has been the sole person responsible behind the astounding growth of his business in and around the world.

Today his company has a production capacity of 42.1 million tons of steel, and one of every 5 cars use steel produced by his company. For all his fortune, he knows how to spend or rather invest it. He has bought for himself many houses and real estate properties, the most famous which is his current residence at 18-19 Kensington Palace Gardens, which he purchased for US $ 128 million, making it the most expensive home at the time. It is named Taj Mittal, since it has interiors decorated by the marble taken from the same quarry that supplied to the Taj Mahal. He married off his daughter Vanisha Mittal to an investment banker Amit Bhatia, in what is undoubtedly the most expensive wedding ever recorded in history. He spent over US $ 78 million in the extravaganza that lasted for a week. His philanthropic efforts include setting up the Mittal Champions Trust with US $ 9 million, to help the best of athletes in India win more Olympic medals.

http://en.wikipedia.org/wiki/Lakshmi_Mittal