Friday, February 20, 2009
$45 Billion Net Worth The Fourth Richest Person In The World...
Lakshmi Niwas Mittal is an Indian industrialist based in the United Kingdom. He is the fourth richest person in the world with a net worth of around U.S. $45 billion. 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.
Mittal was born in a Rajasthan Agrawal family and spent his initial years in India, living with his extended family on bare floors and rope beds in a house built by his grandfather. His grandfather worked for the Tarachand Ghanshyamdas Poddar, one of the leading industrial firms of India. His father started an Oil Mill in Hardoi, Uttar Pradesh as a working partner for Lala Gulab Chand, a local business tycoon. The family eventually moved to Calcutta where his father, Mohan, became a partner in a steel company and made a fortune.
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 US$9 million to support 10 Indian athletes with world-beating potential. In 2008 Mittal awarded Abhinav Bindra with Rs. 1.5 Crore, for getting India its first individual Olympic gold medal in shooting.
For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.