Businesspersons
Lakshmi Mittal Net Worth
Lakshmi Mittal's Net Worth as of 2024
$16 Billion
Lakshmi Niwas Mittal was born on 2 September 1950, in Rajgarh, India, and is a businessman, best known as the CEO and chairman of the company ArcelorMittal, which is one of the largest steel manufacturing companies in the world. In 2011 Mittal was listed in the sixth place of richest people in the world list. What is more, Lakshmi has a 34% stake in the English football team called Queen Park Rangers F.C. In addition to this he is a member of many organizations and committees.
So how rich is Lakshmi Mittal? It has been estimated by authoritative sources that Mittal’s net worth is over $16 billion as of mid-2016, accumulated during his business career now spanning almost 50 years, although somewhat lower than in previous years.
Lakshmi Mittal Net Worth $16 Billion
Mittal was educated at Shri Daulatram Nopany Vidyalaya, and after matriculating in 1964 he enrolled at St. Xavier’s College, Calcutta, graduating with a B.Com degree with first class honours in 1967. Mittal’s father had a steel business, so Lakshmi was familiar with that kind of business, so joined it, but in 1976 Lakshmi opened a steel factory in Indonesia, as the demand in India had decreased. From that time Mittal’s net worth started to grow exponentially. At the beginning his factory was small but later it grew into ArcelorMittal, one of the most successful and largest steel manufacturing companies in the world, and is certainly the main source of Lakshmi Mittal’s net worth.
Despite the success of ArcelorMittal, it has also faced some controversy. Lakshmi was accused of bad working conditions in his company, such that his company was not safe enough to work in. In 2004, 23 miners died in an explosion in his mines in Kazakhstan, apparently caused by faulty gas detectors. He has also been accused of utilising ‘slave labour’, but no prosecutions have ensued.
Lakshmi also has shares in Queens Park Rangers football club in the UK, which also adds to Mittal’s net worth. In addition to this, there are two books written about Mittal: “Cold Steel”, by Byron Ousey and Tim Bouquet, and “Invest The Happionaire Way”, by Yogesh Chabria. These may also have contributed to Mittal’s net worth.
Mittal has won many awards through his business acumen; some of them include Forbes Lifetime Achievement Award, Entrepreneur of the Year, Europea med among others in the industry.
He also has several foundations which helps to improve education, sports in India and gives money to the Great Ormond Street Hospital.
In his personal life, Lakshmi Mittal is married to Usha, and they have two daughters, on whom he lavishes gifts including house in London for his daughter Vanisha costing a reputed $70 million. He has a residence at 18-19 Kensington Palace Gardens, London which he bought for 57 million dollars.
However, Mittal is also a philanthropist, supporting Indian sport, donating $30 million to Great Ormond Street Hospital in London, and establishing and maintaining the LNM Institute of Information Technology (LNMIIT) in Jaipur. In 2009, the Lakshmi Niwas Mittal and Usha Mittal Foundation underwrote the foundation of the Usha Lakshmi Mittal Institute of Management in New Delhi, and following a significant donation from the Foundation, the Institute of Technology for Women (ITW) was renamed the Usha Mittal Institute of Technology.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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