Lakshmi Mittal
$23.7B
Born
Jun 15, 1950
Age
75
Source of Wealth
Steel
Residence
London,
Citizenship
India
Marital Status
Married
Children
2
Education
Bachelor of Arts/Science, St Xavier's College Calcutta
- Lakshmi Mittal serves as chairman of $62.4 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output.
- Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006.
- ArcelorMittal reported net income of $1.3 billion in 2024, an over 40% rise from $919 million in 2023.
- In 2019, Arcelor and Nippon Steel completed their $5.9 billion acquisition of Essar Steel, once controlled by former billionaires Shashi and Ravi Ruia.
- In 2021, Mittal ceded the CEO's position to his son, Aditya Mittal, but retained the title of executive chairman of ArcelorMittal.
- Mittal has held a board seat at Goldman Sachs since 2008.
- Mittal has received the Padma Vibhushan, India's second highest civilian honour, and a Forbes Lifetime Achievement Award.
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