Thursday, February 28, 2008

Laxmi Mittal:


Lakshmi Narayan Mittal (or Lakshmi Niwas Mittal) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur village, in the Churu district of Rajasthan, India, and resides in Kensington, London. He is the richest man in the UK and the fifth richest person in the world, with a personal fortune of US$51.0 billion according to Forbes magazine.

The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.

Lakshmi spent his first years in India , living with his extended family on bare floors and rope beds in a house built by his grandfather. His family was from humble roots; his grandfather worked for the Tarachand Ghanshyamdas Poddar firm, one of the leading industrial firms of pre-independence India. They eventually moved to Calcutta where his father, Mohan, became a partner in a steel company and made a fortune. He graduated from St. Xavier's College in Calcutta (now known as Kolkata) with a Bachelor of Commerce degree in Business and Accounting in 1969.

AWARDS:

2008: Padma Vibhushan

2007: Bessemer Gold Medal

2006: Person of the Year - Financial Times

2004: European Businessman of the Year - Fortune magazine

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