He resides on the prestigious Bishops Avenue, London, talks to the elite blue-blooded neighbors, owns assets across the world and is on the verge of entering the gambit of the top five rich people in England. But still his name catches little attention in his home country—India; the reason: perhaps he does not own a software company or he doesn’t live there. Meet Lakshmi Mittal, steel baron of the world.

Mittal’s recent decision to merge his LNM Holdings with his very own listed company, Ispat International (managed by his son Aditya Mittal) to form ‘Mittal Steels’, has now made him a global tycoon. Mittal Steels, a $13.3 billion company is the biggest in the world. In addition to the above merging the newborn company also bought International Steel Group (ISG), a collection of American steel mills, for $4.5 billion, creating what Mittal described as a new “global powerhouse.” The combined business, with annual revenue of $30 billion and 165,000 staff in 14 countries, will be listed on both the New York Stock Exchange and Euronext in Amsterdam.

Mittal, who will become chairman and chief executive of Mittal Steel, said in a statement: “These transactions dramatically change the landscape of the global steel industry. In recent years, the steel industry has been characterised by predominantly regional consolidation.”

Rodney Mott, who helped to create ISG from a collection of struggling steel mills into a single group and also the 13th biggest company in the world over the past three years, becomes chief executive of Mittal’s US operations, while Mittal’s son Aditya will be chief financial officer.