Lakshmi Mittal Net Worth

Personal Info:

Lakshmi Mittal is an Indian-born British business magnate, born on June 15, 1950, in Sadulpur, Rajasthan, India. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company.

Lakshmi Mittal Net Worth

According to the latest reports, Lakshmi Mittal’s net worth stands at a staggering $18billion, making him one of the wealthiest individuals on the planet.

Asturias, Spain. With decarbonisation, the Asturian plants aim to develop capabilities to manufacture steel with more sustainable technologies. ArcelorMittal’s production of steel in Spain in 2020 was 4.1 million tonnes of steel, representing 37.6% of national production. (Photo By Jorge Peteiro/Europa Press via Getty I

Quick Information:

  • Full Name: Lakshmi Niwas Mittal
  • Age: 73
  • Nationality: Indian/British
  • Occupation: Chairman and CEO of ArcelorMittal
  • Education: St. Xavier’s College, Kolkata
  • Residence: London, United Kingdom
  • Physical Appearance:

Lakshmi Mittal is known for his impeccable dressing style and charismatic personality. He stands tall at around 6 feet and has a commanding presence that exudes confidence. Car Collection:

As a billionaire with an eye for luxury, Lakshmi Mittal owns an impressive collection of high-end cars. From luxury sedans to rare sports cars, his garage is a reflection of his success and taste.

LONDON, ENGLAND – MARCH 31: Mayor of London Boris Johnson and steel magnate Lakshmi Mittal (r) hold a press conference to announce the winning design for a visitor attraction to be placed in the 2012 Olympic Park, at City Hall on March 31, 2010 in London, England. The steel structure entitled ‘The ArcelorMittal Orbit’ is set to become the UK’s largest sculpture standing at 115m in height. 16m GBP of the cost of the structure is to be funded by the steel company AreclorMittal after its CEO Lakshmi Mittal was approached by Mayor of London, Boris Johnson. (Photo by Oli Scarff/Getty Images)

Early Life:

Lakshmi Mittal was born into a modest family in India. His father, Mohan Mittal, ran a small steel business, which laid the foundation for Lakshmi’s future ventures in the steel industry. He studied at St. Xavier’s College in Kolkata, India, where he developed an interest in business and economics.


Lakshmi Mittal’s journey to becoming a billionaire was not without challenges. He started his career by working in his family’s steel business. However, he had bigger dreams and decided to venture out on his own. In the 1970s, he founded his first steel company in Indonesia, which marked the beginning of his ascent to success.

Over the years, Mittal expanded his business empire through strategic acquisitions and mergers. His most significant achievement came in 2006 when he orchestrated the merger of Arcelor and Mittal Steel, creating ArcelorMittal, the largest steel company in the world. This merger catapulted him to the top of the billionaire’s list.

Steel Barons Lakshmi Mittal (left) and Rattan Tata (Right) meet in New Delhi. (Photo by Sondeep Shankar/Getty Images)

Relationships & Personal Life:

Lakshmi Mittal is a private individual when it comes to his personal life. He is married to Usha Mittal, and together they have two children, Aditya and Vanisha Mittal. Aditya is also actively involved in the family business.


Lakshmi Mittal comes from a close-knit family. Despite his massive wealth, he maintains strong ties with his family members and often involves them in his philanthropic activities.


  • Lakshmi Mittal is known for his philanthropic efforts and has donated significant sums to various charitable causes, particularly in the fields of education, healthcare, and poverty alleviation.
  • He is an avid art collector and owns an extensive collection of artworks from renowned artists around the world.
  • Lakshmi Mittal’s business acumen and leadership skills have earned him numerous accolades and awards throughout his career.


Q: How did Lakshmi Mittal become so rich?

A: Lakshmi Mittal became wealthy through his strategic investments and acquisitions in the steel industry. His vision and business acumen played a crucial role in building his fortune.

Q: What is Lakshmi Mittal’s role at ArcelorMittal?

A: Lakshmi Mittal serves as the Chairman and CEO of ArcelorMittal, overseeing the company’s operations and strategic direction.

Q: Where does Lakshmi Mittal reside?

A: Lakshmi Mittal resides in London, United Kingdom.

Q: Does Lakshmi Mittal have any children involved in the business?

A: Yes, his son Aditya Mittal is actively involved in the family business and plays a significant role in ArcelorMittal’s operations.

In conclusion, Lakshmi Mittal’s inspiring journey from a small-town entrepreneur to one of the wealthiest individuals in the world is a testament to his determination and business prowess. His contributions to the steel industry and philanthropic efforts continue to leave a lasting impact on the global stage

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