CONTENTS

SL. NO: TOPIC Page No:

1. INTRODUCTION

2. PERSONAL & GROWING WEALTH

3. 5TH BILLIONAIRE

4. ACHIEVEMENTS

5. HONOURS & AWARDS

6. CAUSES AND CHARITY

7. CONCLUSION

8. REFERENCES
 INTRODUCTION

Lakshmi Niwas was born 2 September 1950 is an Indian steel tycoon and
the chairman and chief executive officer of ArcelorMittal. As of July 2010, Mittal
is the richest man in Europe and the fifth richest in the world with a personal
wealth of US$28.7 billion or £19.3 billion. The Financial Times named Mittal
Person of the Year in 2006. In May 2007, he was named one of the "100 Most
Influential People" by Time magazine.

He serves as a non-executive director of Goldman Sachs, EADS and ICICI

Bank and is presently the vice chairman of the World Steel Association. Mittal is a
member of the Foreign Investment Council in Kazakhstan, the International
Investment Council in South Africa, the World Economic Forum’s International
Business Council and the International Iron and Steel Institute’s Executive
Committee. He is a member in the Advisory Board of the Kellogg School of
Management and is part of St. Xavier's College, Calcutta Alumni Association,
London Chapter.

He is world's largest steelmaker. Net profits fell 75% in 2009. Mittal took
12% pay cut amid slump but improved outlook pushed stock up a third in past
year. Looking to expand in his native India; wants to build steel mills in Jharkhand
and Orissa but has not received government approval. Started in family steel
business in India in 1970s; branched out on his own in 1994. Initially bought up
steel mills on the cheap in Eastern Europe. Earned $1.1 billion for selling his
interest in a Kazakh refinery in December. Sits on the boards of Goldman Sachs,
EADS. Upped stake in struggling British soccer team QPR in February. Funding
400-foot sculpture to be built in London's Olympic Park in time for 2012
Olympics. Owns 12-bedroom mansion in London's posh Kensington
neighborhood. Daughter-in-law Megha recently bought insolvent German fashion
house Escada.
 PERSONAL & GROWING WEALTH

He presently lives in Kensington, London. His residence at 18-19

Kensington Palace Gardens which was purchased from Formula One boss Bernie
Ecclestone in 2004 for £57 million US8 million, making it the world's most
expensive house at the time. Mittal's house in Kensington, London is decorated
with marble taken from the same quarry that supplied the Taj Mahal. The
extravagant show of wealth has been referred to as the "Taj Mittal". It has 12
bedrooms, an indoor pool, Turkish baths and parking for 20 cars. Mittal bought
No.6 Palace Greens, Gardens, formerly owned by financier Noam Gottesman, at
£117 million for his son Aditya Mittal. Mittal bought No.9a Palace Greens,
Kensington Gardens, formerly and the Filipino embassy, at £70 million in 2008 for
his daughter Vanisha Mittal Bhatia. Mittal owns three prime properties collectively
worth £500 million on the "Billionaire's Row" at Kensington Palace Gardens. A
property at 21 Curzon Street in Mayfair was purchased as a wedding present for
his daughter Vanisha Mittal with Amit Bhatia and was kitted out at a cost of £8m
by Candy and Candy. The 26,000-square-feet house has an attached mews house
which contains a full-size squash court and a night club. Mittal also owns a house
called Summer Palace at 46B, The Bishops Avenue, which is dubbed as
"Millionaires Row" and is reportedly for sale at £40 million. In 2005, he also
bought a colonial bungalow for .5 million at No.22, Aurangzeb Road in New
Delhi, India, the most exclusive street in the city occupied by embassies and
millionaires, and rebuilt it as a house.

In 2010, Forbes magazine listed Mittal the world's fifth richest person with
personal wealth of US$28.7 billion. His wealth has grown by over US$9 billion
compared to 2009 and is up 3 places in the Forbes ranking. In 2009, Forbes
magazine listed Mittal the world's eighth richest person with personal wealth of
US$19.3 billion. In 2008, Mittal was reported to be the fourth wealthiest person in
the world, and the wealthiest in Asia, by Forbes Magazine (up from 61st richest in
2004) up one place since a year before. The Mittal family owns a controlling
majority stake in ArcelorMittal, the world's largest steel company
5TH BILLIONAIRE
 ACHIEVEMENTS

Lakshmi Mittal has become something of a cult figure in the global steel
industry. His company Mittal Steel is the largest steel maker in the world. After
the recent merger between Mittal Steel and Arcelor which raged a big debate
throughout the Europe, Laxmi Mittal current controls 10% of the total steel
production and the combined entity that has come into force post-merger is three
times.

Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu
district of Rajasthan, in a poor family. The extended family of 20 lived on bare
concrete floors, slept on rope beds and cooked on an open fire in the brickyard in
a house built by his grandfather. Laxmi Mittal belongs to Marwari Aggarwal caste
and his grandfather worked for the Tarachand Ghanshyam Das firm, one of the
leading.

The family later on moved to Kolkata where his father Mohan Mittal became
a partner in a steel company. Lakshmi Mittal graduated from St. Xavier’s in
Kolkata with a commerce degree in 1969. He began his career working in the
family`s steelmaking business in India and in 1976, Lakshmi Mittal founded Mittal
Steel Company. He split from his father and two younger brothers in 1994 and
took the international arm, with interests in Indonesia and Trinidad and Tobago,
while the rest of the family kept the domestic Indian business. In the last few
years Mittal Steel has made a number of acquisitions, buying up a network of
steel producers in former communist countries including Kazakhstan, Romania
and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of
International Steel Group. Today, Mittal Steel is the only truly global steel
producer.
 HONORS AND AWARDS

 2008 : Mr. Mittal has been a director of Goldman Sachs since June 2008.
 2007: He was awarded Padma Vibhushan 'second in the hierarchy of civilian
awards' by the President of India.
 2007: He was awarded Dwight D. Eisenhower Global Leadership Award,
Grand Cross of Civil Merit from Spain and "Fellowship from King's
College"
 2006: He was awarded International Newsmaker of the year by Time
Magazine and the "Person of the year 2006" by Financial Times.
 2004: He was awarded by Fortune magazine - European Businessman of the
Year.
 1998: Willy Korf Steel Vision Award - American Metal Market and
PaineWebber’s World Steel Dynamics
 1996: Steelmaker of the Year - New Steel
 2010: "Dostyk" 1, the highest civilian award of Kazakhstan for his
contribution to the development of Republic of Kazakhstan
 CAUSES AND CHARITY

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 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.

ArcelorMittal also has a very active CSR program under which it sets
out its path to produce Safe Sustainable Steel. The company also operates
the ArcelorMittal Foundation, which provides support to many different
community projects around the world in the countries where ArcelorMittal