Laxmi Mittal Net Worth

Laxmi Mittal Net Worth

Laxmi Mittal net worth

Current Net Worth – $17 Billion (USD – 1,700 Crores), (Rupees – 1.32 Lakh Crores)

Laxmi Mittal short biography

Net Worth$17 Billion
BornJune 15, 1950 (Age – 71)
Identified asOwner of Karrick Limited, Co-owner of
Queens Park Rangers F.C., & Chairman & CEO of Arcelor Mittal
StatusIndian steel tycoon
EducationBachelor of Arts/Science, St Xavier’s University of Calcutta
NationalityIndian
ResidenceLondon, United Kingdom
Spousal statusMarried (Usha Mittal)
Children2 (Son – Aditya Mittal & Daughter – Vanisha Mittal)
Laxmi Mittal short biography

Lakshmi Niwas Mittal has a net worth of $17 Billion (Rupees – 1,32,291 Crores), making him one of the top richest men in India.

He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company.

In 2005, Mittal was listed as the world’s third-richest man, making him the first Indian resident to be ranked in the top 10 on the annual list of the richest people in the world by Forbes.

In 2007, Mittal was deemed the wealthiest Asian citizen in Europe. He was ranked by Forbes as the 6th richest person in the world in 2011.

In 2019, he was ranked in the first position to be the richest person in India.

Do you Know?

In 2015, he was in 82nd place as the world’s richest person. He is also the “57th-most powerful person” of the 72 people listed for 2015 in Forbes’ “Most Powerful People” list.

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Laxmi Mittal biography

Laxmi Mittal Net Worth
Laxmi Mittal Net Worth (Image Source – Gettyimages)
Full NameLakshmi Niwas Mittal
BirthplaceSadulpur, Rajasthan, India
Height5.5 feet, 167 cm
Weight74 Kg
FatherMohan Mittal
MotherGeeta Mittal
Laxmi Mittal biography

Mittal was born in Sadulpur, Rajasthan, on June 15, 1950, to a Rajasthani Marwari family.

A steel company, Nippon Denro Ispat, was run by his father, Mohanlal Mittal.

Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal, as well as a sister, Seema Lohia, who married Sri Prakash Lohia, an Indonesian businessman.

He is an Indian steel magnate, he is one of the richest men in India.

Mittal acquires 38% of ArcelorMittal and holds a 20% stake in Queens Park Rangers F.C.

Mittal’s net worth peaked in 2008, Forbes estimated it to be US$45.0 billion, making him the world’s fourth wealthiest person.

Education

From 1957 to 1964, he studied at Shri Daulatram Nopani Vidyalaya, Calcutta.

He graduated with a B.Com degree in the first class from St. Xavier’s College, affiliated with the University of Calcutta. His boss, Mohanlal Mittal, ran Nippon Denro Ispatal, a steel firm.

Career

Laxmi Mittal Net Worth
Laxmi Mittal Net Worth (Image Source – Gettyimages)

In 1976, the 26-year-old Mittal began his first PT Ispat Indo steel factory in Sidoarjo, East Java, Indonesia, due to the curbing of steel production by the Indian government.

He is on the Executive Committee of the World Steel Association and is a member of the Global CEO Council of the Chinese People’s Association for Foreign Country Friendship, the Kazakhstan Foreign Investment Council, the International Business Council of the World Economic Forum, and the European Round Table of Industrialists.

He is also a member of the Cleveland Clinic’s board of trustees.

For a modest cost of IR£1, Mittal bought the Irish Steel mill in Cork, Ireland, from the government. It was shuttered a few years later, in 2001, and over 400 individuals were laid off.

Mittal has been a member of Goldman Sachs’ board of directors since 2008.

Arcelor and Nippon Steel concluded their $5.9 billion acquisition of Essar Steel in 2019, which was formerly owned by billionaires Shashi and Ravi Ruia.

His company’s social media handles:

Private & early life

Laxmi Mittal Net Worth
Laxmi Mittal Net Worth (Image Source – Gettyimages)

He has a wife named Usha Mittal. Aditya Mittal is their son, while Vanisha Mittal is their daughter.

The marriage of his daughter Vanisha Mittal was the 2nd most costly one in recorded history.

He also acquired a colonial villa for $30 million at No. 22, Dr. APJ Abdul Kalam Road in New Delhi, which is one of India’s most prestigious streets.

Shrishti Mittal, Mittal’s niece, married in a three-day ceremony that was alleged to have brought Barcelona to a halt and cost up to £50 million in December 2013.

According to reports, 200 butlers, cooks, and secretaries were brought in from India and Thailand, and the 500 guests were forced to sign secrecy agreements.

In 2005, he was named “Business Person of 2006” by The Sunday Times, “Person of the Year” by the Financial Times, and “International Newsmaker of the Year 2006” by Time magazine.

Awards

YearAward
1996Steel Maker of the Year
20048th honorary Willy Korf Steel Vision
2004Entrepreneur of the Year
2004European Businessman of the Year
2007Bessemer Gold Medal
2007Fellowship
2008Forbes Lifetime Achievement
2008Padma Vibhushan
Laxmi Mittal Awards

Net worth statistics

  • March 2005 – $25.1 B
  • March 2006 – $23.5 B
  • March 2007 – $32.3 B
  • March 2008 – $45.8 B
  • March 2009 – $19.4 B
  • March 2010 – $28.7 B
  • March 2011 – $31.1 B
  • March 2012 – $20.7 B
  • March 2013 – $16.5 B
  • March 2014 – $16.7 B
  • March 2015 – $13.5 B
  • March 2016 – $8.4 B
  • March 2017 – $16.4 B
  • March 2018 – $18.5 B
  • March 2019 – $13.6 B
  • April 2020 – $7.4 B
  • April 2021 – $14.9 B
  • April 2022 – $17.9 B

Laxmi Mittal Quote

“At the end of the day, you have to keep emotions away.”

– Laxmi Mittal

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