Sri Lakshmi Mittal a business magnate, a steel tycoon who owns Arcelor Mittal the steel company is the third richest person in the world. He is the first Indian citizen to be ranked in the top ten with an annual list of the world’s richest people. He came up as the sixth-richest person in the world by 2011 and dropped to 82nd place in March 2015. He is the 57th most powerful person among the 72 individuals on the Most Powerful People list for 2015. Sri Lakshmi Niwas Mittal has been a member of the board of directors of Goldman Sachs since 2008. He is with the World Steel Association executive committee. He is a member of the global CEO Council of the Chinese People’s Association for Friendship with Foreign Countries, in Kazakhstan with the Foreign Investment Council.
Time Magazine includes Lakhsmi Mittal in “Time 100” list, 2007
Sri Lakshmi Mittal is known for his social endeavors as he has emerged with various social development works. He has come up with creating a huge pool of money for creating the Mittal Championship Trust where he supports Indian Olympic medallists and the athletes for the Indian Olympics. In 2008, Mittal awarded Sri AbhinavBindra with Rs 1.5 Crore to get India’s first individual Olympic Gold Medal in shooting. His company Arcelor Mittal provided steel for the construction of Arcelor Mittal Orbit for the 2012 Summer Olympics. He emerges as leading contender with buying and selling of Barclays Premiership Clubs Wigan and Everton. He has come up with the announcement that the Mittal Family has purchased a 20 percent shareholding in Queens Park Rangers football club, joined by Flavio Briatone and Mittal Friend Bernie Ecclestone.
Mittal is married to Usha Dalmia and has a son Aditya Mittal, and a daughter Vanisha Mittal. 18-19 Kensington Palace Gardens is the new residence property. It was purchase from Formula One Boss Bernie Ecclestone in 2004. The purchase was made with whopping amount of US $ 128 Million. He made it the world’s most expensive house at the time. The house has decorations with marble that are taken from the same quarry that is supplied to the TajMahal. The residence has 12 bedrooms, an indoor pool, Turkish baths, and car parking for more than 20 cars.
He has bought No. 9A Palace Greens, Kensington Gardens, which was earlier as Philippines Embassy for 89,771,211.65 USD. In 2005, he bought a colonial bungalow for $ 30 million at Mittal home in New Delhi Address Number 22, Dr. APJ Abdul Kalam Road, New Delhi. It stands as one of the most exclusive streets of India, which is occupied by billionaires and embassies where he rebuilt his house. The Lakshmi Mittal’s house is with location at 18-19, Kensington Palace Gardens, London. The cost of a Lakshmi Mittal house in London is about 57 million Euros. It has a two-way staircase to get up and down from two sides. It has a scenic portrait that offers royalty up top. Red staircase compliments with beautiful and aesthetic pleasing glass and golden grill. It has plain-white painted walls that offers frivolous look.
A marvelous dining room that offers a dine-in style experience. Lakshmi Mittal’s house dining room is simply breathtaking. It has a huge glass chandelier and it haswell blend of unique architecture. The dining set gives it a unique aura and offers beige curtains that cover glass-made doors. It provides an aesthetic place that is pleasant and offers beautiful views. The whole setup of the dining area ushers with new vibes.
Drawing room that offers fit for royalty that adds with reflecting or showcasing the royalty. The residence has a beautiful and sophisticated drawing area that compliments with contrasting sofa and has big wall-hanging pictures that make the place alive. It has minimum lighting that presents tranquillity and calmness at night. He offers drawing rooms with the perfect place to soothe yourself with a long, tiring day.
Lakshmi Mittal with ownership of multiple houses
Lakshmi Mittal’s house in India comes with another magnificent realty development other than his London house. In addition to property in London, he added USD 30 million in 2005 by purchasing and renovating a colonial bungalow at 22, Dr. APJ Abdul Kalam Road as mentioned above. He also has a huge number of assets like yachts, moving houses, cars, and jet planes. He owns Amevi- a luxury yacht 267.5-foot-long. It cost USD 150 million with construction in 2007. He also owns a Gulfstream 550 private jet and has 20 high-end vehicles. He has a vanity van along with the recreational vehicle that features a master owner suite, a kitchen, a large bedroom, and a large living area.
He has come up with a summer palace that has 12 bathrooms and a basement pool. Steel tycoon Sri Lakhsmi Mittal has come up with a summer palace in 1996 with cash from his 38% share in Arcelor Mittal which is one of the world’s biggest steelmakers which he owns and is CEO. The summer palace has 12 bathrooms, a basement with a swimming pool, six reception rooms, a Jacuzzi, and a steam room which gets access by a glass elevator. It has two staff apartments on the first floor, each of which comes up with three bedrooms of their own. However, Sri Mittal reportedly decided to sell the summer palace because Barnett Council has granted permission to redevelop a neighboring mansion into luxury apartments that overlook the garden.
He acquires a 25,000 sqft, 11-bedroom mansion on Bishops Avenue at London’s Billionaires Row.
Sri Mittal splash 30 Million pounds or $ 55 Million on his 23-year-old daughter’s 2004 wedding. He books out 17th century Vaux le Vicomte palace which is a few miles South of Paris. The official owners, Kerner Limited, have immediately filed planning permission for a second basement. It served as a relaxation area for staff, a security control room with monitoring CCTV Cameras, new storage space.
As it is with many business empires the credit crunch seems to be taking a toll on the world’s richest Indian in the past as he puts one of his mansions on sale. The residence property was purchase at Palace Green in Kensington in 2008 for 117 million pounds. According to Sunday Times he may construct a neo-Georgian building. It went on the market for 110 Million in earlier May. This 12-bedroom palatial home was bought for Aditya who is Mittal’s son. The residence was bought from Israeli-American financier Noam Gottesman. It has14,736sqft property with a well develop master bedroom. It has quarters, separate wing for Mrs Mittal’s dressing room and all this development on first floor. Sri Aditya Mittal who is the CFO or Chief Financial Officer of family-owned steel firm Arcelo Mittal never moved into this new mansion. The house does not have a swimming pool and comes with planning permission for basement work with a dedicated storage room for art, a silver room, a flower room, and tutorial homework rooms for children.
Also Read :
However, Sri Lakshmi Mittal, Britain’s richest man plans to build a 30 million pound mansion on the outskirts of London that the designers claim with a zero carbon footprint once it gets completed. 60-year-old Mittal, Britain; ‘s richest man wished to build a country home in the Surrey garden belt that is with energy sufficiently measures and harnesses outdoor temperatures which creates natural air condition. The unique modern design house adds zero carbon but also makes the entire 340-acre estate carbon negative. The project is Mittal’s first country home Sri Mittal bought the land via an offshore holding company which disguises the identity of the purchaser, The house is planned to be built on a stone plinth which provides various terraces to enjoy cocktail hour. It will add at least 10 bedrooms, a fitness center, and outdoor and indoor swimming pools. It has a fitness center, tennis courts, an underground art gallery, a sculpture garden, an arboretum, and a croquet lawn. He will grow enough wood on the 340-acre estate to feed giant biomass fuel boilers that provide heat and hot water. Estate workers will chop down 100 tonnes of wood a year with boilers and plant trees to replace them. Solar panels on two huge roofs resemble those of oast houses and will turn sunlight into electricity. Underneath each of the roofs, you get a courtyard that acts as a lung for the surrounding rooms. In the summer, natural cool air from the estate’s wooded area will be drawn into courtyards by underground stainless steel tubes. In the winter, solar-heated air is drawn down from the roofs. The site lies in a designated area with outstanding area natural beauty near Carleigh, Mittal hopes with special permission for construction through the special knockdown deal.
