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

Avan Parvadiya — Mon, 17 Apr 2023 07:52:31 +0000

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 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.

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.