Lakshmi Niwas Mittal born 15 June 1950 is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..
In 2007, Mittal was considered to be the richest Hindu and Asian person in Europe. Despite being the eighth wealthiest man in Britain in 2002, he does not hold British citizenship. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. In spite of the drop, Forbes estimated that he still had a personal wealth of US$16 billion in October 2013. He is also the 57th “most powerful person” of the 72 individuals named in Forbes’ “Most Powerful People” list for 2015. His daughter Vanisha Mittal’s wedding was the second most expensive in recorded history.
Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the Airbus Group formerly known as European Aeronautic Defence and Space Company He sits on the World Steel Association’s executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique. He also sits on the advisory board of Northwestern University’s Kellogg School of Management in the United States and is a member of the board of trustees of the Cleveland Clinic.
In 2006 The Sunday Times named him “Business Person of 2006”, the Financial Times named him “Person of the Year”, and Time magazine named him International Newsmaker of the Year 2006. In 2007, Time magazine included him in their 100 most influential persons in the world.