1950

Lakshmi Mittal
Steel magnate, ArcelorMittal · United Kingdom
Citation
The steel man. Born into a Marwari family in Sadulpur, Rajasthan, in 1950, Lakshmi Niwas Mittal turned a single mill in Indonesia in the mid-1970s into the world's largest steel producer through three decades of acquisitions across Trinidad, Mexico, Kazakhstan, the United States, and finally, in 2006, the audacious hostile takeover of Europe's Arcelor that created ArcelorMittal. Has lived in London since the 1990s. Built the most expensive house in Britain on Kensington Palace Gardens. Commissioned Anish Kapoor's ArcelorMittal Orbit for the 2012 London Olympic Park. The diaspora's case study in pure industrial scale — and a particular Indian instinct for the global resource economy that the LSE-trained consultants kept missing the seriousness of.