Vikas Rikhye

Vikas Rikhye ,India Real Estate Blogger

Steel tycoon Mr. lakshami Mittal ,56 yrs old NRI living in Britain, rose into focus, when he was named the third richest person in the world with net worth of US$ 25-billion, by Forbes’ Magazine.

The “Super-Star’ Mittal, was born June 15, 1950 in village Safalpur Rajasthan, graduated from St. Xavier’s College in Kolkata After finishing his Bachelor of Commerce degree in business and accounting with first class, he began his career in his father’s steel firm in the early seventies. Mittal moved to Indonesia in 1976 and with his father’s backing founded a steel plant, Ispat Indo and made the company a success. It is understood from sources that in 1994, he branched out on his own, taking over the international operations of the Mittal steel business. Lakshmi Mittal , known , for Vision & Commitment, never looked back.

It is known to all that , since 2005, Mittal has been richest person living in the UK. He is the President of Board of Directors & CEO of ArcelorMittal the world’s largest producer of steel, having assets in France, Belgium ,Romania, Bosnia, South Africa, Poland, Czech Republic, Indonesia ,Kazakhstan, Canada, & Mexico.

Mittal is, famously generous and charitable, although Mittal has given millions of dollars without fanfare to tsunami relief and other causes. Mittal is an active philanthropist and a member of various trusts. It is also understood from sources that Benevolent Mittal has set up Mittal Champion Trust with US$9 million to support 10 Indian athletes having “Outstanding potential”.

According to Hindustan Times Business,Dated 21 April 2008 :

ARCELORMITTAL,the world’s largest steelmaker, plans to bankroll a string of health centres in India in a bid to reduce infant mortality in the country.

The steel gaint is powering into India now and considers it as the No.1 priority while China is the next big Target. Mr. Aditya Mittal Chief Finance Officer of the company and son of NRI steel tycoon Mr. Lakshami Mittal, said in an interview published in The Sunday Times.

According to the report , ArcelorMittal has “plans to bankroll a string of health centers there to reduce the infant mortality.” Mittal’s wife, a former Goldmans Sachs banker will co-ordinate the project.

The 32 year-old also indicated that at a later stage he might dedicate his life to philanthropy

That’s shows the Mittals’s love for India