Rank #72
Lakshmi Mittal
Net worth $32.3B
Steel · India
- Born
- Jun 15, 1950
- Age
- 75
- Source
- Steel
- Residence
- London
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Arts/Science, St Xavier's College Calcutta
Net worth over time
Biography
- Lakshmi Mittal serves as chairman of $61.3 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 $3.15 billion in 2025, a 142% rise from $1.3 billion in 2024.
- In 2021, Mittal ceded the CEO's position to his son, Aditya Mittal, but retained the title of executive chairman of ArcelorMittal.
- A long-time resident of the U.K., Mittal shifted his base to Switzerland following an exodus of the wealthy hit by the U.K.'s new tax regime.
- In 2019, Arcelor and Nippon Steel completed their $5.9 billion acquisition of Essar Steel, once controlled by former billionaires Shashi and Ravi Ruia.
- 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.
Financial assets
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