Lakshmi Mittal — Steel Baron.
Lakshmi Mittal is one of the most successful and influential businessmen in the world. He is the executive chairman of ArcelorMittal, the world’s second-largest steelmaking company, and the co-owner of Queens Park Rangers, a football club in England.
He was born in a small village in Rajasthan, India, in 1950, and moved to Calcutta with his family when he was a child. He studied science at St. Xavier’s College and joined his father’s steel business after graduating.
He soon realized the potential of the global steel market and started his steel mill in Indonesia in 1976. He expanded his empire by acquiring and turning around loss-making steel plants in various countries, such as Trinidad and Tobago, Romania, Kazakhstan, and the United States.
He became the world’s largest steel producer in 2004, when he merged his companies, Ispat International and LNM Holdings, with International Steel Group.
In 2006, he made history by merging with Arcelor, a European steel giant, to create ArcelorMittal, a company that produces about 10% of the world’s steel. Mittal is known for his vision, innovation, and leadership in the steel industry.
He has also been involved in philanthropy, especially in the fields of education and health. He has donated millions of dollars to various causes, such as building a hospital in Rajasthan, supporting London’s business school and art museum, and funding research on malaria and tuberculosis.
He has received numerous awards and honors for his achievements, such as being named “Person of the Year” by the Financial Times in 2006, being included in the “Time 100” list by Time magazine in 2007, and being awarded the Padma Vibhushan, India’s second highest civilian honor, in 2008. Mittal is an inspiration for many aspiring entrepreneurs who want to make a difference in the world.
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