Meet a man, growing up and growing up in a poor family, sleeping on a bed of rope, now dominating the world of steel, he is…, his net worth is…
In this article, we will guide you through a fascinating journey through a man who grew up in a poor Indian family, who was later recognized as one of the world’s top business tycoons.
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Arcelormittal Chairman Lakshmi Mittal is one of the richest people in the world. His net worth is staggering about US$16.3 billion (Rs 1,35,282 crore), and he is known as the Indian Steel Magnet, and he changed the steel industry.
Let’s study his journey further.
background
He was born on June 15, 1950 in Sadulpur, Rajasthan, and studied at Shri Daulatram Nopany Vidyalaya in Kolkata. He later graduated from St. Xavier’s College and received his B.com degree. Lakshmi’s father, Mohanlal Mittal, runs a steel business, Nippon Denro Ispat.
Mittal is now regarded as the world’s top business tycoon, growing up in a poor family. According to media reports, Mittal’s family lives on exposed concrete floors and sleeps on a rope bed.
In 1976, Lakshmi Mittal, then 26, opened his first steel factory, PT ISPAT Indo, in Sidoarjo, Indonesia, due to the Indian government’s steel production curb. In 1989, Mittal also purchased two loss-making steel companies. Later, he turned them into profitable businesses.
Currently, Mittal is the executive chairman of the world’s second largest steel company (Arcelormittal), and the chairman of stainless steel manufacturer Aperam.
Personal life
Lakshmi Mittal married Usha Dalmia. They are the parents of a son named Aditya Mittal and the daughter of a named Vanisha Mittal.
