19 October, 2020

Man Of Steel

The rise and rise of Lakshmi Mittal, takeover tycoon, family man...

Tom Craig/ Bill Charles Agency
Man Of Steel

Lakshmi Mittal, now the fifth richest man on the planet, is leaving massive footprints on the 21st century's built environment as he continues on a remarkable journey that began in the unremarkable town of Sadulpur on the shifting sands of the Thar desert in Rajasthan, where he lived in a modest house, without electricity or piped water. Now, he uses a private jet, a chauffeur-driven £2,00,000 Daimler Maybach, and a couple of very large yachts as he travels to houses in London, Delhi and St Moritz.

Mittal had a facility for numbers, graduating from St Xavier's College, Calcutta, top of his class in commerce and joining his father's small steel company full-time, aged 19. He was inspired by his father's creed: 'Accept challenges. Don't get scared by new prospects.' It is a creed that has fuelled and fired the greatest story of industrial success since that other baron of steel, Andrew Carnegie. Mittal is now worth £19.25 billion, yet just three decades ago he was paying himself $250 a month and driving a second-hand Australian car...



To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.

In this article:

Latest Magazine

October 26, 2020

other articles from the issue

articles from the previous issue

Other magazine section