From sleeping on bare floors to billionaire: Discover 10 fascinating facts about Lakshmi Mittal
Lakshmi Mittal, known as the 'King of Steel', rose from modest beginnings in Rajasthan to build ArcelorMittal into one of the world's largest steelmakers. Mittal's journey includes establishing his first steel plant in Indonesia in 1976 and acquiring struggling state-owned steel mills globally.
Lakshmi Mittal, born into a Marwari business family in Rajasthan, was named after the Hindu goddess of wealth and prosperity. He grew up in modest surroundings with his extended family sleeping on concrete floors. In 1976, Mittal moved to Indonesia and established his first steel plant, PT Ispat Indo, marking the beginning of his global steel empire. Mittal earned a reputation for acquiring and turning around struggling steel mills, eventually creating ArcelorMittal, a dominant player in the global steel market. He has also made significant philanthropic contributions, including a £15 million donation to London's Great Ormond Street Hospital. Mittal's steel has been used in several iconic global landmarks.
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