L N Mittal: Richest steel magnate
Lakshmi Niwas Mittal, the 57-year-old chairman and chief executive of the world's largest steel company ArcelorMittal, with an estimated worth of $51 billion, is the second richest Indian in the world. Originally from Sadulpur village in Rajasthan's Churu district, Mittal now lives in London.
One hears many stories of the steel tycoon's wealth -- stuff dreams are made of. He bought Kensington Palace Gardens, his home, in 2004 for ?7.1 million, the highest price ever paid for a house. This is not all. When Mittal coughed up over ?30 million to host his daughter Vanisha's wedding in June 2004 at the Châ´¥au de Vaux-le-Vicomte near Paris, it naturally turned out to be the world's most expensive wedding ever.
In 2007, many accolades came Mittal's way, of which his inclusion in the list of '100 most influential people' by Time magazine deserves special mention.
In November, ArcelorMittal added another feather to its cap in being the first foreign company to acquire controlling stake in a Chinese steel firm, China Oriental -- in a deal valued at about $1.6 billion (over Rs 6,000 crore).
In September, the steel tycoon also pledged an investment of about $20 billion for building two 12 million tonne steel plants in India, where the demand for the commodity is growing rapidly.
Lakshmi Niwas Mittal, the 57-year-old chairman and chief executive of the world's largest steel company ArcelorMittal, with an estimated worth of $51 billion, is the second richest Indian in the world. Originally from Sadulpur village in Rajasthan's Churu district, Mittal now lives in London.
One hears many stories of the steel tycoon's wealth -- stuff dreams are made of. He bought Kensington Palace Gardens, his home, in 2004 for ?7.1 million, the highest price ever paid for a house. This is not all. When Mittal coughed up over ?30 million to host his daughter Vanisha's wedding in June 2004 at the Châ´¥au de Vaux-le-Vicomte near Paris, it naturally turned out to be the world's most expensive wedding ever.
In 2007, many accolades came Mittal's way, of which his inclusion in the list of '100 most influential people' by Time magazine deserves special mention.
In November, ArcelorMittal added another feather to its cap in being the first foreign company to acquire controlling stake in a Chinese steel firm, China Oriental -- in a deal valued at about $1.6 billion (over Rs 6,000 crore).
In September, the steel tycoon also pledged an investment of about $20 billion for building two 12 million tonne steel plants in India, where the demand for the commodity is growing rapidly.
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