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4-Traders Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

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Portrait de Lakshmi Mittal
Birthday : 06/19/1950
Place of birth : Rajasthan - India
Public asset : 3,637,200 USD
Country of residence : United Kingdom
Linked companies : ArcelorMittal SA - Goldman Sachs Group Inc - Aperam SA

Summary 
Mr. Lakshmi Niwas Mittal is Chairman at Aperam SA, Chairman & Chief Executive Officer at ArcelorMittal SA, Chairman & Chief Executive Officer at ArcelorMittal, Chairman-Governing Council at LNM Institute of Information Technology, a Member at European Round Table of Industrialists, a Member at International Investment Council, a Member at Kazakhstan Foreign Investors Council Association, Member-Executive Board at Indian School of Business, Member-Governing Board at St. Xavier's College (West Bengal) and Member-International Business Council at World Economic Forum.

He is on the Board of Directors at The Goldman Sachs Group, Inc., World Steel Association, Arcelormittal Foundation, Cleveland Clinic, Gita Mittal Foundation, Gita-Mohan Mittal Foundation, Lakshmi & Usha Mittal Foundation, Mittal Childrens Foundation, The Cleveland Clinic Foundation and The Mittal Champions Trust.

Mr. Mittal was previously employed as Independent Non-Executive Director by Airbus SE, Chairman & Chief Executive Officer by ArcelorMittal NV, Independent Non-Executive Director by ICICI Bank Ltd., Chief Executive Officer by Mittal Steel Co. NV, Non-Executive Director by ArcelorMittal South Africa Ltd., President by Ispat Inland, Inc., and a Member by The Business Council.

He also served on the board at ArcelorMittal USA LLC, Commonwealth Business Council, ONGC Mittal Energy Ltd. and ONGC Mittal Energy Services Ltd.

He received his undergraduate degree from St. Xavier's College (West Bengal).


Current positions of Lakshmi Mittal 
NameTitle Since
ArcelorMittal SA
(Steel)
Chairman & Chief Executive Officer 2006
Goldman Sachs Group Inc
(Investment Banking & Brokerage Services)
Independent Director 2008
Aperam SA
(Steel)
Chairman 2010
ArcelorMittal (Private Equity) Chairman & Chief Executive Officer -
World Steel Association Director -
The Cleveland Clinic Foundation Trustee -
Gita Mittal Foundation Trustee -
The Mittal Champions Trust Trustee -
Lakshmi & Usha Mittal Foundation Trustee -
Arcelormittal Foundation Member-Governors Board -
Gita-Mohan Mittal Foundation Trustee -
Mittal Childrens Foundation Trustee -
Cleveland Clinic Trustee -
St. Xavier's College (West Bengal) Member-Governing Board -
World Economic Forum Member-International Business Council -
European Round Table of Industrialists Member -
Indian School of Business Member-Executive Board -
International Investment Council Member -
Kazakhstan Foreign Investors Council Association Member -
LNM Institute of Information Technology Chairman-Governing Council -


Holdings of Lakshmi Mittal 
NameEquities%Valuation
Goldman Sachs Group (GS)
Investment Banking & Brokerage Services
15,0000.0039%3,637,200 USD


Lakshmi Mittal : Personal Network 
NameLinked companies
Aditya Mittal ArcelorMittal SA
Aperam SA
World Economic Forum
Lloyd Blankfein Goldman Sachs Group Inc
Indian School of Business
Bruno Lafont ArcelorMittal SA
European Round Table of Industrialists
Vanisha Mittal Bhatia ArcelorMittal SA
Aperam SA
Bhikam Chand Agarwal ArcelorMittal SA
ArcelorMittal (Private Equity)
Thomas Henry Glocer World Economic Forum
The Cleveland Clinic Foundation
Joseph M. Scaminace Cleveland Clinic
The Cleveland Clinic Foundation
Michael Anthony Ashcroft Cleveland Clinic
The Cleveland Clinic Foundation
Samuel H. Miller The Cleveland Clinic Foundation
Cleveland Clinic
Ronald A. Ratner The Cleveland Clinic Foundation
Cleveland Clinic


Biography of Lakshmi Mittal 
Lakshmi Niwas Mittal ; born 2 September 1950) is an Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..

In 2007, Mittal was the richest man of Asian descent in the United Kingdom. Despite being the eighth wealthiest man in Britain in 2002, he does not hold British citizenship. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to having lost $10.4 billion the previous year. 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 European Aeronautic Defence and Space Company. He sits on the World Steel Association's executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council,

Early life and career
Mittal studied at Shri Daulatram Nopany Vidyalaya from 1957 to 1964. He graduated from St. Xavier's College, Calcutta, with a B.Com degree from the University of Calcutta. His father, Mohan Lal Mittal, ran a steel business, Nippon Denro Ispat. In 1976, due to the curb of steel production by Indian government, the 26 year old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia. 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. Today, the family business, including a large integrated steel plant near Mumbai, is run by Pramod and Vinod, but Lakshmi has no connection with it.

Philanthropy
Sports
After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with $9 million to support 10 Indian athletes with world-beating potential. In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. Arcelor Mittal Also financed the construction of [Orbit] for 2012 Summer Olympics.CN|date=March 2014
Source @ Wikipedia


Anecdotes
Lakshmi has a sumptuous residence in Kensington, which has been decorated with marble from the same quarries than the Taj Mahal. The British have called it “the Taj Mittal”.

In 2004, he offered his daughter’s wedding. The ceremony took place in France, in Vaux-le-Vicompte and in Versailles. It was one of the most expensive weddings (55 million euros).
Citations
"We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel."


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Lakshmi Mittal : Connections 
European Business Leaders' Convention
Prospect Education (Technology) Trust Ltd.
Goldman Sachs (US) (Market-Maker)
Sofia Bar Association
The Partnership for New York City
Goldman Sachs, Inc.
Robin Hood Foundation


Latest news about Lakshmi Mittal 
12/07 LAKSHMI MITTAL : ArcelorMittal's $1 billion India joint venture to get green light next week - sources
11/10DJEUROPE MARKETS : European Stocks Veer Toward Worst Week Since August
11/10DJARCELORMITTAL : 3Q Profit Buoyed By Favorable Market
11/10 LAKSHMI MITTAL : ArcelorMittal upbeat about 2018 after strong third quarter
09/29 LAKSHMI MITTAL : ArcelorMittal plans $1 billion Mexico investment by 2020 - chairman
06/05 LAKSHMI MITTAL : Italy backs ArcelorMittal bid for polluted Ilva steel plant
05/17 LAKSHMI MITTAL : ArcelorMittal warns of legal action over Bosnia iron ore mine sale
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