Coordinates	33°51′35.9″N151°12′40″N
Name	Lakshmi Mittal
Birth date	June 15, 1950
Birth place	Sadulpur, Rajasthan, India
Residence	London, England, UK
Nationality	Indian
Ethnicity	Marwaris
Citizenship	India
Alma mater	St. Xavier's College, Calcutta
Occupation	Chairman & CEO of ArcelorMittalDirector of Goldman SachsOwner of Karrick LimitedCo-owner ofQueens Park Rangers F.C.
Net worth	US$31.1 billion (2011)
children	Vanisha MittalAditya Mittal
religion	Hinduism
awards	}}

Lakshmi Narayan Mittal (born 15 June 1950) is an Indian steel magnate. He is the chairman and chief executive officer of ArcelorMittal, the world’s largest steelmaking company.

Mittal is the richest man in the United Kingdom, second richest man in Europe and is presently the sixth richest individual in the world with a personal wealth of . He is the 44th "most powerful person" of the 68 individuals named in Forbes's Most Powerful People list. His daughter Vanisha Mittal's wedding was the most expensive in the recorded history of the world.

Mittal is an independent director of Goldman Sachs, member of the Board of Directors of European Aeronautic Defence and Space Company, World Steel Association, Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors' Council to the Cabinet of Ministers of Ukraine, the World Economic Forum’s International Business Council, the World Steel Association's Executive Committee, the Presidential International Advisory Board of Mozambique and the International Iron and Steel Institute’s Executive Committee.

He also presently serves as a board council member of the Prime Minister of India's Global Advisory Council of Overseas Indians. and members in the Advisory Board of the Kellogg School of Management, Executive Board at Indian School of Business and St. Xavier's College, Calcutta Alumni Association, London Chapter.

In 2006, ''Financial Times'' named him "Person of the Year". In 2007, ''Time'' magazine included him in their "100 most influential persons in the world".

Early life and education

Lakshmi Niwas Mittal was born into a Marwari business family in Churu district of Rajasthan, India. His family moved from (Rajgarh)Sadulpur, Rajasthan to Calcutta in West Bengal. He graduated from St. Xavier's College, Calcutta where he graduated with a Bachelor of Commerce degree in business and accounting with first class.He also studied at Indian Institute of Social Welfare and Business Management- The First B-School of India. He has two siblings (brothers) named Pramod Mittal and Vinod Mittal. His father, Mohan Lal Mittal, ran a steel business, Nippon Denro Ispat. Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in Nagpur and an alloy steels plant near Pune. Today, the family business, including a large integrated steel plant near Mumbai, is run by Lakshmi's brothers, Pramod and Vinod, but Lakshmi has no connection with it.

Mittal started his career working in the family's steel making business in India, and in 1976, when the family founded its own steel business, he set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1976, due to differences with his father, mother and brothers,branched out on his the LNM Group, and he has been responsible for the development of its businesses ever since. Mittal Steel is a global steel producer with operations in 14 countries.

Mittal pioneered the development of integrated mini-mills and the use of direct reduced iron or "DRI" as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004.

Philanthropy

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 Mittal Champions Trust with US$9 million to support 10 Indian athletes with world-beating potential. In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting.

For ''Comic Relief 2007'', he matched the money raised (~£1 million) on the celebrity special BBC programme, ''The Apprentice''.

ArcelorMittal also has a very active CSR program under which it sets out its path to produce Safe Sustainable Steel. The company also operates the ArcelorMittal Foundation, which provides support to many different community projects around the world in the countries where ArcelorMittal operates.

India: University education formation

In 2002, Lakshmi Niwas Mittal and Usha Mittal foundation and the Government of Rajasthan partnered together to establish a university named the LNM Institute of Information Technology (LNMIIT) in Jaipur as an autonomous non-profit organization. The university will provide quality education having research focus, so that students graduating out of the Institute can make significant contributions to the industries and society.

Criticism and allegations

PHS

Lakshmi Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatization of PHS steel group, which was Poland's largest. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair.

In 2007, Polish government said it wants to renegotiate the 2004 sale to Arcelor Mittal.

Slave-labour allegations and abhorrent safety records

Employees of Mittal have accused him of "slave labour" conditions after multiple fatalities in his mines. During December 2004, twenty-three miners died in explosions in his mines in Kazakhstan caused by faulty gas detectors.

Mr. Mittal has been accused of running a series of coal mines in Kazakhstan with abhorrent safety records. Between 2004 and 2007, the lax standards were responsible for the deaths of 91 coalminers and the subject of a criminal investigation. Witnesses to a 2006 explosion, which claimed the lives of 41 people, maintain that, despite the plumes of flammable gas, managers at the mines pushed the employees to work so that they could meet their production as well as other targets. One employee even told the Times, "The pressures local managers put us under to meet targets so that they can collect their bonuses are more and more stressful. We are being exploited like animals." Former miner turned trade unionist Pavel Shumkin even claimed, "The miners all agree: compared with life now under Mittal, for them everything was better in Soviet times."

The Mittal Affair: "Cash for Influence"

Controversy erupted in 2002 as Plaid Cymru MP Adam Price exposed the link between UK prime minister Tony Blair and Mittal in the Mittal Affair, also known as 'Garbagegate' or ''Cash for Influence''. Mittal's LNM steel company, registered in the Dutch Antilles and maintaining less than 1% of its 100,000 plus workforce in the UK, sought Blair's aid in its bid to purchase Romania's state steel industry. The letter from Blair to the Romanian government, a copy of which Price was able to obtain, hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union.

The letter had a passage in it removed just prior to Blair's signing of it, describing Mittal as "a friend."

Queens Park Rangers

Recently, Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton. However on 20 December 2007 it was announced that the Mittal family had purchased a 20 per cent shareholding in Queens Park Rangers football club joining Flavio Briatore and Mittal's friend Bernie Ecclestone. As part of the investment Mittal's son-in-law, Amit Bhatia, took a place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy individuals investing heavily in English football and emulating other similar benefactors such as Roman Abramovich.

On 19 February 2010, Flavio Briatore resigned as QPR chairman, and sold further shares in the club to Ecclestone, making Ecclestone the single largest shareholder.

Environmental damage

Mittal purchased the Irish Steel plant based in Cork from the government for a nominal fee of £1 m. Three years later in 2001, it was closed, leaving 400 people redundant. Subsequent environmental issues at the site have been a cause for criticism. The Government tried to sue in the High Court to have him pay for the clean-up of Cork Harbour but failed. The clean up was expected to cost €70m.

Personal life

His residence at 18-19 Kensington Palace Gardens which was purchased from Formula One boss Bernie Ecclestone in 2004 for £57 million (US$128 million), making it the world's most expensive house at the time. Mittal's house in Kensington, London is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal". It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.

Mittal bought No. 6 Palace Greens, Kensington Gardens, formerly owned by financier Noam Gottesman, at £117 million for his son Aditya Mittal who is married to Megha Mittal owner and director of the Board of the German fashion luxury brand Escada.

Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the Filipino embassy, at £70 million in 2008 for his daughter Vanisha Mittal Bhatia Bhatia who is married to Amit Bhatia a businessman and a philanthropist.

Mittal owns three prime properties collectively worth £500 million on the "Billionaire's Row" at Kensington Palace Gardens.

Mittal also owns a house called Summer Palace at 46B, The Bishops Avenue, which is dubbed as "Millionares Row" and is reportedly for sale at £40 million.

Mittal also owns a 5,500 Sq.Ft. Penthouse Apartment at 148-150 Old Park Lane London, just above Hard Rock Cafe which he purchased for £7 million in July 2002 from none other than Lord Sugar of Amstrad.

In 2005, he also bought a colonial bungalow for $30 million at No.22, Aurangzeb Road in New Delhi, India, the most exclusive street in the city occupied by embassies and millionaires, and rebuilt it as a house.

In January 2011 Lakshmi Mittal bought a luxury home in Scotland. Mittal has knocked down a £4 million property to build his new home, valued at around £15 million, making it Scotland’s most expensive home. The Mittal mansion is coming up in one of the most elite neighbourhoods, right near the Gleneagles golf course in Perthshire County. This luxury villa has six bedrooms and two kitchens. The wallpaper and furniture are from Ralph Lauren’s home collection. The wooden flooring and tiles have been flown in from Germany and a super luxe bathroom is estimated to be worth £80,000.

Mittal is now planning to build a "Zero Carbon" Footprint estate in Surrey a 340 acre estate also called Alderbrook Park which was built as a country estate during the 19th century but was part-demolished in the 1950s and replaced with a less-attractive home. He purchased the estate for £5.25 million ands is planning to spend £25 million on it to make it 100 per cent self-sufficient and eco-friendly. The unique modern design will not only ensure the house is zero-carbon, but will make the entire 340-acre estate carbon negative. The house will be built on a stone plinth, which will provide various terraces on which to enjoy the cocktail hour. It will have at least 10 bedrooms, outdoor and indoor swimming pools, a fitness centre, an under-ground art gallery, tennis courts, sculpture garden, an arboretum and croquet lawn.

Awards and Honours

! Year of Award or Honor !! Name of Award or Honor !! Awarding Organization
2010	"Dostyk" 1
2008	Forbes Lifetime Achievement Award	Forbes.
2007	Padma Vibhushan	President of India.
2007	Grand Cross of Civil Merit	Government of Spain.
2007	Dwight D. Eisenhower Global Leadership Award	Business Council for International Understanding.
2007	Fellowship	King's College London.
2004	European Businessman of the Year	Forbes.
2004	Entrepreneur of the Year	Wall Street Journal.
2004	8th honorary Willy Korf Steel Vision Award	American Metal Market and World Steel Dynamics.
1996	Steel Maker of the Year	New Steel.

2007: He was the commencement speaker of class of 2007's MBA commencement at the Wharton School of the University of Pennsylvania.

Bibliography

Tim Bouquet and Byron Ousey - ''Cold Steel'' (Little, Brown, 2008).

Yogesh Chabria - ''Invest The Happionaire Way'' (CNBC - Network18, 2008).

Navalpreet Rangi-''Documentary Film''( The Man With A Mission ,2010).

See also

Arcelor Mittal

Marwaris

References

External links

Profile at ArcelorMittal

Profile at Forbes

Profile at ''BBC News''

Article on Mittal with background on Arcelor takeover bid - ''Time''

Lakshmi Mittal collected news and commentary at ''The Bloomberg Businessweek''

Lakshmi Mittal collected news and commentary at ''The Times of India''

BBC - ""Glimpsing a Fairytale Wedding"" - BBC News

''Mittal Steel Cleveland Works''

Article on Mittal Family purchase of Escada - Bloomberg

Category:1950 births Category:Living people * Category:Businesspeople in steel Category:Businesspeople of Indian descent Category:Fellows of King's College London Category:Indian billionaires Category:Indian businesspeople Category:Indian expatriates in the United Kingdom Category:Indian Hindus Category:Indian emigrants to the United Kingdom Category:Indian vegetarians Category:Labour Party (UK) people Category:Recipients of the Padma Vibhushan Category:Political scandals in the United Kingdom Category:People from Churu district Category:Alumni of St. Xavier's College, Calcutta Category:Indian Institute of Social Welfare and Business Management alumni Category:University of Calcutta alumni Category:Rajasthani people Category:People from Westminster (district)

ar:لاكشمي ميتال bn:লক্ষ্মী মিত্তাল bs:Lakshmi Mittal cs:Lakšmí Mittal da:Lakshmi Mittal de:Lakshmi Mittal es:Lakshmi Mittal fr:Lakshmi Mittal gu:લક્ષ્મી મિત્તલ ko:락슈미 미탈 hi:लक्ष्मी मित्तल id:Lakshmi Mittal it:Lakshmi Mittal kn:ಲಕ್ಷ್ಮಿ ಮಿತ್ತಲ್‌ lv:Lakšmi Mitāls lb:Lakshmi Mittal ml:ലക്ഷ്മി മിത്തൽ mr:लक्ष्मीनिवास मित्तल my:လက်ခ်ရှမီ မစ်တယ်လ် nl:Lakshmi Mittal ja:ラクシュミー・ミッタル no:Lakshmi Mittal pl:Lakshmi Mittal pt:Lakshmi Mittal ro:Lakshmi Mittal ru:Миттал, Лакшми sr:Лакшми Митал fi:Lakshmi Mittal sv:Lakshmi Mittal ta:இலட்சுமி மித்தல் te:లక్ష్మి నారాయణ్ మిత్తల్ tr:Lakshmi Mittal uk:Міттал Лакшмі vi:Lakshmi Mittal zh:拉克希米·米塔尔

Coordinates	33°51′35.9″N151°12′40″N
name	Vir Sanghvi
birth date	July 05, 1956
birth place	Mumbai
occupation	Journalist, Writer
website	http://www.virsanghvi.com/ }}

Vir Sanghvi ( ) (born 5 July 1956) is an Indian print and television journalist, columnist, and talk show host. Currently, he is an Advisor, at HT Media.

At 23, he was the founder-editor of the ''Bombay'' magazine, before moving on to edit ''Imprint'', and finally editing ''Sunday'' magazine, which he did for over 12 years.

In 2010 he was in the news for his role in the Nira Radia tapes controversy.

Early life and education

Vir Sanghvi was born in London and brought up in Mumbai and London. He was educated at the Mayo College, Ajmer, and the Mill Hill School, London. He won the Inlaks scholarship to study international media studies at Brasenose College, Oxford.

Niira Radia tapes

In 2010, Sanghvi was connected to the Nira Radia tapes It was claimed that Sanghvi had been lobbied by Radia to show Mukesh Ambani in a favorable light." In the audio tape Sanghvi was heard asking "What kind of story do you want?" It is alleged that he made the points suggested by Radia in his article titled 'Time for some transparency' under Sanghvi's column "Counterpoint". In the call, he also allegedly offers to stage a scripted and rehearsed interview with Niira Radia's client Mukesh Ambani. Sanghvi denied all allegations. On 27 November 2010, Sanghvi released a detailed statement, clarifying his role, and also raising the possibility of the tapes being edited. In December 2010 HT Media announced that Sanghvi was re-designated as advisor, a change designed to reflect the fact that Sanghvi had no influence on the group’s editorial policies. Due to the heightened media interest in him Sanghvi temporarily suspended his weekly article "Counterpoint".

Books By Vir Sanghvi

''Men of Steel - India''s business leaders in candid conversation with Vir Sanghvi'', Roli Books Pvt Ltd, India (Jan 2007) ISBN 8-17-436474-7

''Rude Food: The Collected Food Writings of Vir Sanghvi'', Penguin Putnam (2004) ISBN 0-14-303139-2

''India Then and Now : Now/Vir Sanghvi. New Delhi, Roli, 2006, 274 p., $120. ISBN 81-7436-397-1.

''26/11:The Attack on Mumbai'', Penguin, 2009, ISBN 9780143067054

''Madhavrao Scindia: A life'', Penguin, 2009, ISBN 9780670082544

Further reading

The rotting of New India A scandalous collusion involving politicians and the media has exposed India's ethical deficit

Vir Sangvi columns Rediff.com

Vir Sangvi columns Mint

Vir Sangvi columns Hindustan Times

Rude Food - The Collected Food Writings of Vir Sanghvi Hindustan Times

Counterpoint Hindustan Times

External links

Vir Sanghvi's Website

References

Category:1956 births Category:Living people Category:Indian journalists Category:Indian writers Category:Indian food writers Category:Indian critics Category:Indian columnists Category:Indian newspaper editors Category:Indian television personalities Category:Old Mayoites Category:Old Millhillians Category:Alumni of Brasenose College, Oxford Category:Indian Jains

Richest people of Ukraine are several ratings compiled and published often by two Ukrainian magazines ''Focus'' and ''Korrespondent''. Korrespondent conducts its rating since 2006, while both magazines publish them simultaneously since 2007. Both magazines only include the top performers such as top-50, top-100, top-200 etc.

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Criteria

The ''Korrespondent'' criteria for the ratings stay almost unchanged since were initiated in 2006. The only change that took place it was extending of the ratings from top-50 top-100 for 2010. The ratings come out on June 11 every year. The calculations for the magazine are conducted by financial specialists of the investment company ''Dragon Capital''. Those calculations are made by an established system of assets evaluation based on the market capitalization of businesses and the method of comparable evaluation. Korrespondent also contacts every potential candidate to the list (ratings) to confirm the available information.

The ''Focus'' criteria change slightly from year to year. See below for more information.

Richest people of Ukraine (2010)

Legend
! Icon	! Description
	Has increased from the list for 2009.
	Has decreased from the list for 2009.

Korrespondent

Top-10 included style="text-align:center;"

No.	! Name	! Net worth (USD)	! Age	! City/Country	! Sources of wealth
style="text-align:center;"			$17.8 billion ||	43	Donetsk	SCM Holdings
style="text-align:center;"		|	$6.5 billion	47	Dnipropetrovsk	Privat Group
style="text-align:center;"		|	$6.3 billion	48	Dniprodzerzhynsk	Privat Group
style="text-align:center;"		|	$3.1 billion	49	Kiev	"EastOne LLC"
style="text-align:center;"		|	$2.4 billion	36		"Ferrexpo"
style="text-align:center;"		|	$2.3 billion	56		"Donetskstal"
style="text-align:center;"		|	$2.1 billion	44		Privat Group
style="text-align:center;"		|	$1.48 billion	52		ISD
style="text-align:center;"		|	$1.3 billion	42		MKhP
style="text-align:center;"		|	$1.1 billion	62

Focus

Top-10 included style="text-align:center;"

No.	! Name	! Net worth (USD)	! Age	! City/Country	! Sources of wealth
style="text-align:center;"			$7.52 billion ||	43	Donetsk	SCM Holdings
style="text-align:center;"		|	$2.95 billion	47	Dnipropetrovsk	Privat Group
style="text-align:center;"		|	$2.86 billion	49	Kiev	"EastOne LLC"
style="text-align:center;"		|	$2.74 billion	48	Dniprodzerzhynsk	Privat Group
style="text-align:center;"		|	$1.66 billion	71	Mariupol	"Azovstal"
style="text-align:center;"		|	$1.65 billion	46		"Smart Holdings"
style="text-align:center;"		|	$1.30 billion	36		"Ferrexpo"
style="text-align:center;"		|	$1.10 billion	44		"Enerhetychny standard"
style="text-align:center;"		|	$0.93 billion	42		MKhP
style="text-align:center;"		|	$0.81 billion	63		"Yaroslaviv val"

See also

References

External links

Korrespondent ratings

Focus ratings

Ukraine Category:Lists of people by magazine appearance Category:Lists of Ukrainian people

uk:Найбагатші люди України 2010

Forbes list of billionaires is based on an annual assessment of wealth and assets compiled and published by ''Forbes'' magazine on March 10, 2011.

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Forbes list of billionaires (2011)

The following list is Forbes ranking of an assessment of the wealth and assets of the world's billionaires as of March 10, 2011, and does not reflect changes since then. There are 1,210 names in this year’s list.

Legend
! Icon	! Description
	Has increased from the list for 2010.
	Has decreased from the list for 2010.

style="text-align:center;"Sheldon AdelsonDavid Thomson, 3rd Baron Thomson of FleetCharles G. KochDavid H. KochJim Walton

No.	! Name	! Net worth (USD)	! Age	! Born	! Citizenship	Home>Residence	! Source(s) of wealth
style="text-align:center;"		and family	$74.0 billion ||	71				Telmex, América Móvil, Grupo Carso
style="text-align:center;"		|	$56.0 billion	55				Microsoft
style="text-align:center;"		|	$50.0 billion	80				Berkshire Hathaway
style="text-align:center;"		|	$41.0 billion	62				LVMH>LVMH Moët Hennessy • Louis Vuitton
style="text-align:center;"		|	$39.5 billion	66				Oracle Corporation
style="text-align:center;"		|	$31.1 billion	60				Arcelor Mittal
style="text-align:center;"		|	$31.0 billion	74				Inditex Group
style="text-align:center;"		|	$30.0 billion	53				EBX Group
style="text-align:center;"		|	$27.0 billion	53				Reliance Industries
style="text-align:center;"		|	$26.5 billion	55				Walmart
style="text-align:center;"		|	$26.0 billion	82				Cheung Kong Holdings
style="text-align:center;"		|	$25.5 billion	91				Aldi>Aldi Süd
style="text-align:center;"		|	$24.5 billion	63				Hennes & Mauritz
style="text-align:center;"		|	$24.0 billion	54				Novolipetsk Steel
style="text-align:center;"		|	$23.5 billion	88				L'Oréal
style="text-align:center;"		|	$23.3 billion	77				Las Vegas Sands
style="text-align:center;"		David Thomson and family||	$23 billion	53				Thomson Reuters
style="text-align:center;"		|	$22 billion	75				Koch Industries
style="text-align:center;"		|	$22 billion	71				Koch Industries
style="text-align:center;"		|	$21.3 billion	63				Walmart

References

See also

List of members of the Forbes 400 (2010)

External links

Forbes: Billionaires in the News

* Category:Lists of people by magazine appearance Category:Lists of people by wealth

bn:ফোর্বসের বিলিয়নিয়ারের তালিকা be-x-old:Сьпіс мільярдэраў cs:Seznam nejbohatších lidí světa da:Verdens rigeste personer de:The World’s Billionaires (Forbes Magazine) es:Anexo:Multimillonarios de Forbes eo:Listo de miliarduloj fa:ثروتمندترین افراد جهان fr:Liste des milliardaires du monde hr:Forbesov popis milijardera id:Daftar miliarder it:Lista degli uomini più ricchi del mondo secondo la rivista Forbes lb:Lëscht vun de räichste Leit op der Welt hu:Milliárdosok listája 2010 (Forbes magazin) mg:Lisitry ny Miliaridera arakin’ny Forbes nl:Lijst van rijkste mensen ter wereld ja:世界長者番付 pl:Lista najbogatszych ludzi świata magazynu Forbes pt:Anexo:Lista de bilionários da Forbes ksh:Forps Liis van d rischste Männsche ru:Список миллиардеров simple:List of billionaires sv:Lista över världens rikaste personer tr:Dünyanın en zenginleri uk:Найбагатші люди світу ur:فہرست ارب پتی افراد vi:Danh sách tỷ phú zh:2010年亿万富翁列表