Lakshmi Mittal

Lakshmi Mittal Net Worth, Age, Family & Biography
Chairman And CEO, ArcelorMittal (ADR) $15.7B Real Time Net Worth #103 in the world today

About Lakshmi Mittal

Meet Lakshmi Niwas Mittal, an unbelievably successful Indian businessperson who has become famous as a steel magnate in the United Kingdom. Lakshmi Niwas Mittal, a well-known Indian businessman, currently holds the position of Executive Chairman at ArcelorMittal, which happens to be the second largest steelmaking company in the world. Additionally, he serves as the Chairman of Aperam, a leading manufacturer of stainless steel. Mr. Mittal’s ownership in ArcelorMittal amounts to a whopping 38%, showcasing his significant influence in the company’s operations.

Apart from his involvement in the steel industry, he also holds a 3% stake in Queens Park Rangers, a football club competing in the EFL Championship. Since 2008, Mr. Mittal has served as a board member of Goldman Sachs, a reputed financial institution. He is also an esteemed member of the executive

Lakshmi Mittal
Lakshmi Mittal

Lakshmi Mittal Education

LN Mittal was born on 15 June 1950, Sadulpur, Rajasthan, in a Hindu Marwadi family and had his early education at Shri Daulatram Nopany Vidyalaya in Calcutta from 1957 to 1964. Later on, he graduated with flying colours from St. Xavier’s College, which is affiliated with the University of Calcutta, with a first-class B.Com degree. LN Mittal was born into a steel-industry-connected Marwari business family. He was revealed to the business world from a young age and learned about the steel industry from his father. He was a bright student who did well in school and was always eager to expand his knowledge.

Lakshmi Mittal
Usha Mittal (L) andLakshmi Mittal arrive at The Serpentine Gallery summer party at The Serpentine Gallery on July 2, 2015 in London, England.

Lakshmi Mittal Career

Lakshmi’s father, Mohanlal Mittal, was already in the steel business with a company called Nippon Denro Ispat. However, the Indian government put restrictions on steel production, which made it difficult for Lakshmi to pursue his passion. So, at just 26 years old, he took out and opened his own steel factory called PT Ispat Indo in Sidoarjo, East Java, Indonesia.

In 1989, Lakshmi did something amazing – he bought a steel works that was owned by the government in Trinidad and Tobago, which was in deep financial trouble. Most people would have given up, but Lakshmi saw an opportunity to turn things around. He worked hard and managed to make the company profit again in just one year!

Lakshmi Mittal Facts

For instance, he set a record by purchasing a luxurious 12-bedroom Villa in London for £70 million ($128 million) and reportedly spent $60 million on his daughter’s wedding in Paris in 2004. These high-profile expenditures made him the talk of the town and added to his reputation as a man of great wealth and taste.

Lakshmi Mittal Net Worth

According to the Billionaires List as of 2023, Lakshmi Niwas Mittal’s net worth is estimated to be around $16.1 billion. That’s a pretty amazing amount of wealth, and it’s true to say that Mr. Mittal is one of the richest people in the world. His success as a steel magnate has certainly paid off!

Personal Information

Full Name Lakshmi Niwas Mittal
Father’s Name Mohan Mittal
Mother’s Name Geeta Mittal
Siblings Pramod, Vinod
Date Of Birth 15 June 1950
Age 73 Years
Birth Place Sadulpur, Rajasthan, India
Height 5’ 9”
Education Graduate
Net Worth $15.7 Billion
Profession Businessman
Relationship Status Married
Lakshmi Mittal
Lakshmi Mittal, chairman of ArcelorMittal SA, during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India, on Wednesday, Jan. 10, 2024.

Awards of Lakshmi Mittal

Years Awards
1996 Steel Maker of the Year award by New Steel
2004 European Businessman of the Year award by Forbes
2004 Entrepreneur of the Year award by The Wall Street Journal
2004 8th honorary Willy Korf Steel Vision Award by American Metal Market
2007 Fellowship by King’s College London
2007 Bessemer Gold Medal by IOM3
2008 Padma Vibhushan by Government of India
2008 Forbes Lifetime Achievement Award by Forbes

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