An icon in the steel industry, Lakshmi Mittal is a visionary businesswoman who rose from humble beginnings to global celebrity. As chairman of ArcelorMittal, one of the world’s largest steel and mining companies by volume, his leadership reshaped the industry. He previously served as the company’s CEO, but delegated the role to his son Aditya Mittal in 2021. Known as one of the world’s leading billionaires, Lakshmi Mittal is equally known for his philanthropic efforts, especially in the areas of his children’s health and education.
Early life and education:
Born in 1950 in a modest family in Sadurpur, Rajasthan, Lakshmi Mittal was no stranger to steel.
With unwavering determination, Mittal expanded his steel empire around the world, buying up struggling steel mills and turning them into thriving companies. His most important accomplishment was in 2006 when he led the merger of his own company Mittal His Steel and Arcelor, creating the world’s largest steelmaker, Arcelor His Mittal, with revenues of $68 billion.
Philanthropy and social work:
In addition to his business pursuits, Mittal also has a deep dedication to philanthropy and social welfare. He has founded several philanthropic organizations, donated generously to Harvard University, and serves on its Global Advisory Council. Notably, he has donated a large amount to UNICEF to combat child malnutrition in India.
His net worth:
According to Forbes, Lakshmi Mittal’s net worth is estimated to be $17 billion as of April 2, 2024. He holds the position of the 110th richest person in the world and is also ranked as the 10th richest person in India. Mr. Mittal’s significant ownership in ArcelorMittal is a major source of his wealth. Additionally, he holds a 3% stake in his EFL Championship club Queens Park Rangers FC and holds various board positions around the world.
His house and other assets:
Lakshmi Mittal’s home is pure luxury. 18-19 His estate in Kensington Palace Gardens is valued at his $128 million and ranks among the most expensive residences in the world. This luxurious palace features 12 bedrooms, an indoor pool, and a Turkish bath adorned with marble sourced from the suppliers of the Taj and His Mahal. Additionally, Mittal owns a colonial bungalow worth $30 million on Dr. APJ Abdul Kalam Road in New Delhi. His impressive property collection includes numerous cars, yachts, and airplanes, including his Amevi, his 267.5-foot yacht worth $150 million, and his private Gulfstream 550 jet. I am.
Legacy and impact:
Lakshmi Mittal’s influence goes beyond the steel industry. His foresight and unrelenting dedication have earned him a prominent position on the global stage of steel production. Throughout his career, Mittal has been honored with numerous awards including Steel Manufacturer of the Year by New Steel in 1996, Fortune’s Businessman of the Year in Europe in 2004, and Person of the Year by the Financial Times in 2006. It has won many honors. , he was awarded an honorary doctorate from his AGH University of Science and Technology.
