Lakshmi Niwas Mittal is a British Asian steel businees tycoon. He was born in India at Sadulpur village, in the Churu district of Rajasthan. He is the CEO, chairman and founder of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank and is presently the vice chairman of the World Steel Association. He is known all over the world for his steel empire which is spread in four conteinents.
He began his career working in the family's steelmaking business in India and in 1976, he founded Mittal Steel Company. Than 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 in the world with operations on 14 countries, spanning 4 continents.
Lakshmi Mittal 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 (US$128 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. It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.
Vanisha's wedding was in a word most expensive, gorgeous and lavish. It was continuing more than six days at a stretch. At least 1000 guests were invited to that occasion where a number of richest people, pop stars, singers, world's celebrities, business tycoons, industrialists were present. Gold and diamond jewelry, fashionable bridal apparel, luxurious hotel, transportation and heavy dinner were some of the features that made wedding exclusive, attractive and really spectacular. To join the Vanisha Mittal's wedding from India to France, 12 Boeing jets were hired for the guests. More than 10,000 flowers, 45 professional cooks and a grand wedding cake were some other features in that occasion.
A new steel giant was be created out of a bitter battle, after Arcelor formally agreed on to a €26.5 billion takeover by rival Mittal Steel. lakshmi Mittal payed €40.37 a share for Arcelor, nearly double what the company was trading at when Mittal first made an offer. The new company was named Arcelor-Mittal and was headquartered in Luxembourg. Joseph Kinsch, chairman of Arcelor, was to be the chairman of the new company, and succeeded by Mittal when Kinsch retired next year of merger.