Lakshmi Niwas Mittal (Hindi: [ˈləkʃmi nɪˈʋaːs ˈmɪtːəl] ⓘ; born 15 June 1950 in Sadulpur,[7] Rajasthan, India) is an Indian steel magnate,[8] based in the United Kingdom.
[10] Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers.
[27] In 1995 Mittal purchased the Irish Steel plant based in Cork, Ireland, from the government for a nominal fee of IR£1.
The Irish government sought a High Court judgement that Mittal's company should contribute to the cost of the clean-up of Cork Harbour, but failed.
[34] Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the 2003 privatisation of PHS steel group, which was then Poland's largest.
[26] In 2002, Plaid Cymru MP Adam Price obtained a letter written by Tony Blair to the Romanian Government in support of Mittal's LNM Group steel company, which was in the process of bidding to buy Romania's state-owned industry.
Although Blair defended his letter as simply "celebrating the success" of a British company, he was criticised because LNM was registered in the Dutch Antilles and employed less than 1% of its workforce in the UK.
[41] Blair's letter hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union.
[40] In October 2003, the LNM Group succeeded in concluding the transaction to pry loose the Romanian government from the control of steel assets.
[33] After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up the Mittal Champions Trust with $9 million to support ten Indian athletes with world-beating potential.
[43] For Comic Relief he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.
[citation needed] Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton.
[citation needed][47] In 2009, the Foundation along with Bharatiya Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi.
9A Palace Greens, Kensington Gardens, formerly the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal who is married to Amit Bhatia, a businessman and philanthropist.
22, Dr APJ Abdul Kalam Road, New Delhi, one of the most exclusive streets in India, occupied by embassies and billionaires, and rebuilt it as a house.
[62][63] In October 2024, Mittal was ranked 15th on Forbes list of India’s 100 richest tycoons, with a net worth of $16.7 billion.