Yes it's true.
Indian Billionaire Lakshmi Niwas Mittal, who has a U.S. networth of over $19 billion, spent $55 million on his daughter's wedding celebration.
Mr. Mittal is the CEO of India steel giant Mittal Steel, and he is also the chairman and CEO of ArcelorMittal, after a recent merger. Mr. Mittal also serves as a director of EADS, ICICI Bank and serves on the board of Goldman Sachs.
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