Portrait of Jose Maria Aristrain

Rank #2172

Jose Maria Aristrain

Net worth $1.9B

Steel · Spain

Born
Nov 02, 1962
Age
63
Source
Steel
Residence
Gstaad
Citizenship
Spain
Marital status
Married
Children
1
Education

Net worth over time

Biography

  • Jose Maria Aristrain is the former owner of steelmaker Arcelor, which was acquired by Mittal Steel in 2006 for nearly $34 billion in cash and stock.
  • He is now believed to own a 2% stake of ArcelorMittal, among the world's largest steel companies.
  • He owns about 11% of Spain's Tubacex, the second-largest global manufacturer of seamless stainless steel tubes.
  • Aristrain inherited the business conglomerate when he was 24 years old, after his father, also named Jose Maria Aristrain, died in 1986 in a helicopter crash on the Cote d'Azur.
  • Aristrain was accused of tax evasion in Spain and faced 40 years in prison, but he maintained his innocence and the Court of Madrid acquitted him in January 2022.
  • Aristrain owns one of Spain's largest hunting reserves and a bull ranch.

Financial assets

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