| Net Worth | $18 billion |
|---|---|
| Salary | N/A |
| Birthdate | June 15, 1950 |
| Birthplace | Sadulpur, Rajasthan, India |
| Gender | Male |
| Height | N/A |
| Profession | Businessman |
| Nationality | Indian |
What Is Lakshmi Mittal’s Net Worth?
Lakshmi Mittal, an Indian steel magnate, has a net worth of $18 billion. He is the chairman and former CEO of ArcelorMittal, the second-largest steelmaking company in the world, and also serves as the chairman of Aperam, a stainless steel manufacturer. Born into a wealthy Indian steel family, Lakshmi started his career by working in the family steelmaking business.
Highlights
– Lakshmi Mittal has a net worth of $18 billion.
– He is one of the richest people in India.
– At his peak, he was the second-richest person in Europe and the 21st-richest person in the world.
– Mittal was a pioneer in the development of integrated mini-mills and the use of “DRI” (direct reduced iron) in steelmaking.
– He has been involved in various controversies, including allegations of exploiting “slave labor” conditions in his mines.
– Mittal is known for his philanthropy and support for Indian athletes in the Olympics.
Early Life
Lakshmi Mittal was born on June 15, 1950, in Sadulpur, Rajasthan, India. He grew up in a Hindu Marwadi household and attended Shri Daulatram Nopany Vidyalaya and St. Xavier’s College in Calcutta. His father ran a steel business called Nippon Denro Ispat, and Lakshmi opened his own steel factory in Indonesia at the age of 26.
Career
In 1989, Mittal purchased Trinidad and Tobago’s state-owned steel works and turned them into a profitable venture. His business expanded in India and internationally, with successful acquisitions and takeovers of various steel plants and companies. Mittal played a key role in the consolidation of the global steel industry and renamed the acquired companies as ArcelorMittal. In 2021, he handed over the CEO position to his son.
Personal Life
Lakshmi Mittal is married to Usha Kalra, and they have two children. He is passionate about philanthropy and has made significant donations to healthcare and educational institutions. Mittal is a recipient of several awards and honors in recognition of his business achievements and philanthropic efforts.
Net Worth Over Time
Lakshmi Mittal’s net worth has fluctuated over the years. At one point, his net worth exceeded $40 billion, making him the richest person in Asia and the United Kingdom. However, controversies and market fluctuations have affected his net worth, which currently stands at $18 billion.
Components of Net Worth
Lakshmi Mittal’s net worth primarily comes from his ownership stake in ArcelorMittal, which accounts for a significant portion of his wealth. He also has holdings in other companies, including Aperam. Additionally, Mittal owns valuable real estate properties, including mansions in London. While specific details about his salary are not disclosed, his net worth is largely derived from his business ventures and investments.
All net worths are calculated using data drawn from public sources. Although we strive to ensure accuracy, the figures provided are estimates. Corrections and feedback are welcome.