Mittal Deal: Excitement in IPL! Rajasthan Royals bought by Lakshmi Niwas Mittal; Know how much wealth is

• The Mittal family bought IPL team Rajasthan Royals
• Who is Lakshmi Mittal?
• How Rich is Lakshmi Mittal?

Lakshmi Mittal IPL Deal: Indian billionaire Lakshmi Mittal, known worldwide for his steel empire, is now all set to leave his mark on the cricket field as well. The Mittal family has struck a historic deal to buy IPL team Rajasthan Royals. The deal has become a hot topic not only in the sports world, but also in the business world. But how much wealth this Mittal family has”text-align: justify;”> Medical Emergency: If you fall ill in flight, who pays for the treatment? Airlines, insurance company or yourself?

Majority stake in Rajasthan Royals

Lakshmi Mittal and her son Aditya Mittal, along with Serum Institute CEO Aadhar Poonawalla, have acquired a majority stake in Rajasthan Royals. The value of this transaction is approximately 1.65 billion dollars i.e. approximately Rs 15,660 crore. The Mittal family will own 75 percent of the team, while Aadar Poonawala will own 18 percent.

Who is Lakshmi Mittal?

Lakshmi Mittal is known worldwide as ‘Steel King’. He is the chairman of global steel company ArcelorMittal, one of the largest steel companies in the world. Born in India, Mittal expanded his business to Europe, America and Asia, and today he is counted among the most influential businessmen in the world.

How Rich is Lakshmi Mittal?

According to reports, Lakshmi Mittal’s net worth is estimated at $31 billion (roughly Rs. 2.7 lakh crore). He was once the third richest person in the world. Even today he is considered among the 10 richest businessmen in India. His residence is in London’s Kensington Palace Gardens, considered one of the most expensive private homes in the world.

Lakshmi Mittal’s close connection with Rajasthan

Not just a business decision, it’s also an emotional one. He was born in Sadulpur, Rajasthan. The team’s new owners say they want to take Rajasthan’s legacy forward on the global stage. It will be interesting to see how Rajasthan Royals will make an impact on the field after the new ownership change. Currently, the only buzz on social media is how successful Lakshmi Mittal’s new venture will be.

What is the main source of wealth?

According to the report, Serum Institute of India CEO Aadhar Poonawala’s net worth is estimated at $16.3 billion (approximately ₹1.36 lakh crore). His main source of wealth is the world’s largest vaccine manufacturing company, Serum Institute, and he is also the chairman of Poonawalla Fincorp. It’s their luxury
Known for lifestyle. In 2023, he shot to fame by buying a luxury house ‘Aberconway House’ in London worth an estimated ₹1,446 crore. He has recently ventured into entertainment by buying 50% stake in Karan Johar’s company ‘Dharma Productions’.

8th Pay Commission: Salary will increase up to 283 percent, increase in pension is also certain; Will the demands be met?