Net Worth

Net Worth: $16.5 billion Multi-Billionaire
$16.5 billion
$10B $32.5B $55B $77.5B $100B

Wealth Tier: Multi-Billionaire

Net worth between $10 billion and $100 billion

Annual Income

$50 million per year (company dividends, investments)

Net Worth Timeline

2022: $18,000,000,000, 2023: $17,000,000,000, 2024: $16,500,000,000

Lakshmi Mittal's Biography

Lakshmi Mittal is a globally renowned business magnate and the Executive Chairman of ArcelorMittal, the world’s largest steel manufacturing company. Born on June 15, 1950, in Rajasthan, India, Mittal has built a legendary reputation in the steel industry through bold acquisitions and innovative business strategies. After graduating from St. Xavier's College in Kolkata, he began his career in the family’s steel business, but soon set out on his own, purchasing a struggling steel plant in Indonesia in 1976. This venture marked the beginning of his empire, leading to the formation of Mittal Steel and eventually the mega-merger that created ArcelorMittal. Known for his keen business acumen and relentless drive, Mittal has faced controversies related to environmental impact and aggressive takeovers but remains a respected figure in global business circles. With a net worth consistently in the billions, Lakshmi Mittal is also a notable philanthropist and supporter of education and sports. He has received numerous awards, including the Padma Vibhushan, for his contribution to industry. Mittal is married to Usha Mittal, has two children, and is passionate about golf and art. He is frequently cited as an inspiration for aspiring entrepreneurs around the world.

Wealth in Perspective

Fun Fact

He once hosted one of the most expensive weddings in history for his daughter.

Full Name

Lakshmi Niwas Mittal

Nickname

Steel King

Nationality

Indian-British

Birthday

June 15, 1950

Age

75

Zodiac Sign

Gemini

Height

5'9" (175 cm)

Weight

176 lbs (80.0 kg)

Marital Status

Married

Spouse

Usha Mittal

Children

2

Education

Bachelor of Commerce, St. Xavier's College, Kolkata

Famous For

Chairman and CEO of ArcelorMittal, the world's largest steelmaking company

First Big Break

Acquisition of a struggling steel plant in Indonesia in 1976

Social Media

None publicly known

Businesses Owned

ArcelorMittal, Mittal Investments, stakes in other steel and energy companies

Awards

Padma Vibhushan, Forbes Lifetime Achievement Award

Category

Business

Controversies

Environmental concerns, political lobbying, acquisition disputes

Hobbies

Golf, philanthropy, collecting art

Interests

Steel industry, global economics, sports, education initiatives

Quote

"Hard work and perseverance are essential for success."

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