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slept on rope beds and cooked on an open .World's largest steel maker and the third richest man in the world. 1950 at Sadulpur. His company Mittal Steel is the largest steel maker in the world. Lakshmi Mittal has become something of a cult figure in the global steel industry. Lakshmi Niwas Mittal was born on June 15. in a poor family. Laxmi Mittal current controls 10% of the total steel production and the combined entity that has come into force post-merger is three times the size of its nearest competitors. The extended family of 20 lived on bare concrete floors. in Churu district of Rajasthan. After the recent merger between Mittal Steel and Arcelor which raged a big debate throughout the Europe.
Lakshmi Mittal founded Mittal Steel Company.fire in the brickyard in a house built by his grandfather. The family later on moved to Kolkata where his father Mohan Mittal became a partner in a steel company. one of the leading Marwari industrial firms of preindependence India. while the rest of the . He began his career working in the family's steelmaking business in India and in 1976. He split from his father and two younger brothers in 1994 and took the international arm. with interests in Indonesia and Trinidad and Tobago. Lakshmi Mittal graduated from St. Laxmi Mittal belongs to Marwari Aggarwal caste and his grandfather worked for the Tarachand Ghanshyam Das firm. Xaviers in Kolkata with a commerce degree in 1969.
Today. he acquired the Kensington mansion.S. In the last few years Mittal Steel has made a number of acquisitions. in 2004 with the $4. His daughter Vanisha's $50 million wedding bash is touted as the most . In 2003. from Formula One racing's Bernie Ecclestone for £70 million ($128 million).family kept the domestic Indian business. spanning 4 continents.5 billion purchase of International Steel Group. buying up a network of steel producers in former communist countries including Kazakhstan. Romania and Ukraine. and pushing into the U. said to be the world's most expensive home. Mittal Steel is the only truly global steel producer in the world with operations on 14 countries. Lakshmi Mittal is also known for his opulence.
Lakshmi Mittal was listed as the third wealthiest person in the world after Bill Gates and Warren Buffet by Forbes Magazine.expensive wedding of the 20th century. . In March 2006.