Laxmi Nivas Mittal (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur, in Churu district of Rajasthan, India, and residing in Kensington, London. He was listed in the Forbes List of Billionaires (2006) as the 5th richest man and the richest Indian in the world with an estimated fortune of $23.5 billion and, according to the Sunday Times Rich List 2006, is the richest in the UK, with a net worth of £14.8 billion. The Financial Times named Mittal its 2006 Person of the Year.

The foreign operations of the family business were passed on to Laxmi Narayan Mittal at an early age. Starting from Ispat Indo in Indonesia, Mittal has become the steel king of the world. By his vision and hard work, Mittal has built the moderate business of his family into a global steel giant, which spans across many countries. The companies of the LNM Ispat group include Ispat international NV, Ispat Karmet and Indo Ispat. From the core business of steel manufacturing, his group is now diversifying into shipping, coal, power and oil enterprises. The most fascinating thing about this man is that he is said to have a knack of buying sick and rusted steel companies and turning them into gold! read more...

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