Lakshmi Mittal Net Worth (2025)
Industrialist, Business Magnate
Net Worth
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."