75-year-old billionaire Lakshmi Mittal, who bought the legendary Indian Premier League (IPL) team Rajasthan Royals, is also known as Steel King Lakshmi Mittal. Mittal family along with Adar Poonawala has made the deal of this IPL team for a huge amount of Rs 15,660 crore. Through this deal, Lakshmi Mittal Family will get 75% stake in the team.
Lakshmi Mittal Was born and brought up in Sadulpur in northern Rajasthan. Indian-origin billionaire Lakshmi Mittal, who made his mark as the Steel King, was till now included in the list of Britain’s richest. According to the Forbes Real Time Billionaires Index, he comes fourth in the list of India’s richest with a net worth of $28.4 billion (Lakshmi MIttal Networth).
Lakshmi Mittal, the new owner of Rajasthan Royals, may travel in private luxury planes and live in a palatial house, but he is among the richest in the country. billionaire In the initial days, he lived a very simple life, so much so that his entire family used to sleep on the floor. Let us know 10 interesting things related to Lakshmi Mittal…
1- Name named after the goddess of wealth
Born in a Marwari merchant family of Rajasthan, Mittal was named ‘Lakshmi’ after the Hindu goddess of wealth and prosperity. In accordance with this name, his name kept getting included in the list of the richest, and his business kept expanding across the world.
2- The family used to sleep on the floor in childhood
Lakshmi Niwas Mittal, who today lives in private jets and luxurious houses, was brought up in a simple environment in her childhood. It is said that his large family of about 20 people lived together in a house built by his grandfather, sleeping on the concrete floor and cooking food in the open.
3- Beginning of a huge empire from Indonesia
In 1976, when India’s steel industry faced severe restrictions on production, Lakshmi Mittal moved to Indonesia at the age of 26. There he established his first steel plant, PT Ispat Indo, a decision that marked the beginning of his global steel empire.
4- Purchase of loss making mills
Lakshmi Mittal worked to make loss-making government steel mills around the world a profitable deal by buying them and for this she started being recognized. His business expansion strategy established him as one of the most influential industrialists in the sector. His company ArcelorMittal is today a big player in the steel sector. It is the second largest steel manufacturing company in the world. Lakshmi Mittal and her family hold about 40% stake in it.
5- Marble bungalow with Taj Mahal
Lakshmi Mittal moved to London in 1995 and soon became one of Britain’s most prominent Indian businessmen. Talking about property in Britain, his palatial house in Kensington Palace Gardens, called Billionaires-Row in London, was once counted among the most expensive houses in the world. If reports are to be believed, the marble used in this bungalow was taken from the same mine which was used in the construction of Taj Mahal, one of the seven wonders of the world.
6- First Indian in Forbes top-10 list
Lakshmi Mittal became the first Indian citizen to enter the top 10 ranking of Forbes Global Rich List in 2005. At one point he became the third richest person in the world, reflecting the rapid expansion of the global steel business during the commodity boom.
7- Name is also associated with Burj Khalifa
As mentioned, Mittal is also called Steel King, so it is not just that. This can be understood from the example that steel produced by companies associated with Mittal has been used in many big projects of the world. These include Dubai’s Burj Khalifa to the ArcelorMittal Orbit sculpture built for the 2012 London Olympics.
8- Support to Indian Olympics
India’s disappointing medal performance at the Olympics worried Lakshmi Mittal so much that she established the Mittal Champions Trust with a contribution of $9 million. The objective of this initiative was to improve the country’s international sporting performance by providing financial assistance to promising Indian athletes.
9- Lakshmi Mittal ahead in donating
Steel King Mittal is also considered a great philanthropist, he has made many important donations. The most notable donation was made to London’s Great Ormond Street Hospital in 2008, amounting to £15 million. Through this, a new child hospital was constructed, which was completed in 2012. At that time this donation was said to be the largest private contribution to the hospital.
10- Daughter’s marriage shocked the world
In 2004, Lakshmi Mittal organized the wedding of her daughter Vanisha Mittal in Paris, which was one of the most lavish weddings in the world. The event, which lasted several days and reportedly cost around $60 million, included events at the Palace of Versailles. This wedding became a symbol of the era of increasing influence of billionaires and due to its grandeur, it remained a topic of discussion at the global level.
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