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The richest man living in Britain is Lakshimi Mittal with a fortune of whopping £14.8 billion. He was born in June 15th 1950 in Sadulpur in India and is currently residing in Kensington Palace Gardens in London. Mittal is also the 5th richest man in the world. Lakshimi Mittal spent his first years in Sadulpur, living in a house on bare concrete floors and rope beds built by his grandfather. They eventually moved to Kolkata, where his father, Mohan, became a partner in a steel company and made a fortune. Lakshmi graduated from St. Xaviers in Kolkata with a commerce degree in 1969. His classmates knew him as a sharp student who was good with numbers. In 1994, due to differences with his father and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. Today he is chairman and CEO of the Mittal Steel Company NV, which is the world's largest producer of steel, with steel assets in Romania, Bosnia-Herzegovina, South Africa, Poland, Indonesia, Kazakhstan, the United States, Ukraine and other countries. Mittal was named the Fortune European Businessman of the Year for 2004.
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