Lakshmi Niwas Mittal was born in 15th June 1950 in a Marwadi family. He learned at Shri Daulatram Nopany Vidyalaya, Calcutta from 1957 to 1964. He is an Indian steel magnate, situated in the United Kingdom. He is the Executive Chairman of ArcelorMittal, the world's biggest steelmaking organization. In 2005, Forbes positioned Mittal as the third-most richest person on the planet, making him the principal Indian resident to be positioned in the best ten in the distribution's yearly rundown of the world's most richest people. He is additionally the "57th-most powerful person" of the 72 people named in Forbes' "Most Powerful People" list for 2015.
He is married to Usha Mittal. They have a child Aditya Mittal and a little girl Vanisha Mittal. Lakshmi Mittal has two siblings, Pramod Mittal and Vinod Mittal, and a sister, Seema Lohia, who wedded Indonesian businessman, Sri Prakash Lohia. Mittal purchased No. 9A Palace Greens, Kensington Gardens, earlier the Philippines Embassy, for £70 million out of 2008 for his girl Vanisha Mittal who is hitched to Amit Bhatia, a businessman and donor. Mittal tossed a luxurious "vegan reception" for Vanisha in the Palace of Versailles, France. Mittal’s home at 18–19 Kensington Palace Gardens—which was bought from Formula One boss Bernie Ecclestone in 2004 for £67 million (US$128 million) made it the world's most costly house at that point.
In 2005, The Sunday Times named him "business person of 2006", the Financial Times named him "Individual of the Year", and Time magazine named him "Worldwide Newsmaker of the Year 2006". In 2007, Time magazine remembered him for their "Time 100" list. In 2002, Plaid Cymru MP Adam Price acquired a letter composed by Tony Blair to the Romanian Government on the side of Mittal's LNM Group steel organization, which was currently offering to purchase Romania's state-claimed industry. In October 2003, the LNM Group prevailing with regards to finishing up the exchange to pry free the Romanian government from the control of steel resources. In 2006-07, Mittal prevailing in an antagonistic takeover bid for Arcelor, which he renamed Arcelor Mittal. In this manner he acquired control of among others the Usinor steel resources of France, the Arbed steel resources of Luxembourg, and the Aceralia steel resources of Spain.