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Daughter-in-law of the RICHEST man in Europe hosts a party

Billionaire Lakshmi Niwas Mittal was born into an Indian Hindu business family in 1950, one of four children.

He graduated from the University of Calcutta and in 1976 followed in his father’s footsteps by opening his first steel factory. 

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Mittal was named as the wealthiest man in the UK for six years in a row according to the Sunday Times Rich List – but came in at fifth place in 2018.

Billionaire Lakshmi Niwas Mittal was once the wealthiest man in the UK

In 2011 he was ranked the sixth richest man in the world but dropped to 21st place in 2012, due to having lost $10.4billion the previous year. 

The steel magnate, 67, provides the steel for one in four of the world’s cars and his family has a stake in Queens Park Rangers football club.

His father built a steel firm in India and the metal industry has been a part of his life since childhood.

He made his billions by acquiring and turning around underperforming rivals across the globe.

Mittal has lived in London since 1995 and owns three houses in Kensington Palace Gardens worth more than £300 million. 

He once owned the world’s most expensive house (£57m in west London).

In 2008, he spent £70m buying a home for his daughter Vanisha after her marriage to Amit Bhatia, having splashed out $78m on the ceremony. 

Last year, David Cameron was caught on camera telling Mr Mittal that Brexit had been ‘a mistake, not a disaster’. 


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