CEO of Arcelor Mittal
Net worth – $11.2 billions (2017)
A member of the board of directors of the global investment banking firm Goldman Sachs, Mittal was once considered the 6th richest person in the world until his net worth dropped him to 82nd. Mittal was born in the year 1950 to father Mohan Lal Mittal, a once prominent businessman of the steel company Nippon Denro Ispat. Lakshmi ended up getting a Bachelor of Commerce degree from the University of Calcutta and then followed in his father’s footsteps in early 1976 to begin his very own steel factor in Indonesia. Since then he has been one of India’s leading contributors to rolling mill for sheet stills. Although he resides in India he does business all around the world, including both the United Kingdom and the United States. He is actually the CEO of ArcelorMittal which is based in the United Kingdom and is considered to be the largest steelmaking company in the world.
Outside of being a billionaire, Mittal is also a world-renowned philanthropist. He has donated tens of millions of dollars to charitable funds, including children’s hospitals. He has also partnered with several other billionaires to establish the LNM Institute of Information Technology. It’s a non-profit school that offers students education in multiple fields of engineering.
After seeing India only win a single medal in the 2000 and 2004 Summer / Winter Olympic Games, Mittal decided that his home country needed better trained athletes to represent India. With that in mind he helped setup the Mittal Champions Trust, worth nearly $10 million and supports athletes all throughout India.