Lakshmi Mittal Bought All of Europe's Steel in One Move - The Story India Never Told

He started with one plant in Indonesia. By 2006 he owned all of Europe's steel - the most audacious hostile takeover in corporate history. India never told this story. | steel king | arcelormittal | lakshmi mittal In 1976, a young man from Rajasthan flew to Indonesia to run a small steel plant. His father had a mill in Calcutta. Lakshmi Mittal had bigger plans. Over the next 30 years, he did something no one had done before. He travelled the world looking for failing steel plants - in Trinidad, in Mexico, in Romania, in Kazakhstan - and turned every single one of them profitable. While the global steel industry was shrinking, he was quietly building the most efficient steel operation on earth. And then in 2006, he made one move that changed everything. He launched a hostile bid for Arcelor - Europe's largest steel company, headquartered in Luxembourg, backed by three governments, and fiercely determined not to be bought. The chairman of Arcelor called it a bid from a company of "monkeys." Europe's establishment lined up to stop him. The battle lasted six months. Mittal won. ArcelorMittal was born overnight - the world's largest steel company, three times the size of its nearest rival. Lakshmi Mittal became the UK's richest person for multiple years. At his peak, he was worth more than Mukesh Ambani, Gautam Adani, and Ratan Tata combined. His daughter's wedding was at the Palace of Versailles. His London home is 18-19 Carlton House Terrace. And now, at 75, he is selling it all and moving to Dubai — because Britain changed the rules on non-domiciled tax. This video covers where he started, how he built the empire, what really happened in the 2006 Arcelor takeover, why Europe tried to stop him and failed, and what it means that India's greatest industrial conquest was done by a man India forgot. #LuxuryLifestyle #BillionaireLifestyle #Wealth #BusinessHistory #IndianEconomy #richestperson #IndiaRising #businessempire #businessdocumentary #lakshmimittal #arcelormittal #indiadocumentary