Lakshmi Nivas Mittal (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in Churu district of Rajasthan, India and residing in Kensington, London. He is the 5th richest person in the world and the richest Indian, with a fortune of U$32 billion according to Forbes. The Financial Times named Mittal its 2006 Person of the Year. Early History He spent his first years in Sadulpur, living with his extended family on bare concrete floors and rope beds in a house built by his grandfather. His family, from the Marwari Aggarwal caste, was from humble roots; his grandfather worked for the Tarachand Ghanshyamdas Poddar firm, one of the leading Marwari industrial firms of pre-independence India. They eventually moved to Kolkata where his father, Mohan, became a partner in a steel company and made a fortune. Lakshmi was a keen student and graduated at the top of his class in high school (Hindi medium). He graduated from St. Xavier's College, Cal...