Net Worth: $17.9 Billion
- Source of Wealth Steel, AlcelorMittal
- Birth Place Rajgarh, India
- Marital Status Married (Usha Mittal)
- Full Name Lakshmi Niwas Mittal
- Nationality India
- Date of Birth June 15, 1950
- Ethnicity Marwari
- Occupation Businessman
- Education St. Xavier's College Calcutta
- Children 2 (Aditya Mittal, Vanisha Mittal)
About Lakshmi Mittal
Indian steel magnate Lakshmi Mittal has an estimated net worth of $17.9 billion as of November 2017, according to Bloomberg. He is the current chief executive officer and chairman of ArcelorMittal which is considered as the largest steelmaking company in the world.
Currently, Lakshmi Mittal holds 41% of ArcelorMittal’s total shares. In addition to that, he acquires his massive fortune from his 34% share in the Queens Park Rangers F.C. football team.
Lakshmi Mittal’s net worth peaked at $69.1 billion in 2008 which made him the third richest man in history. In 2011, he was hailed by Forbes as the sixth wealthiest person in the world. A year later, his rank dropped to #21 after incurring a massive lost of around $10.4 billion. In 2012, he was named by Forbes as the 47th most powerful person on its list of “Most Powerful People.”
Lakshmi Niwas Mittal was born on September 2, 1950 in Sadulpur, Rajasthan, India. He is an alumnus of St. Xavier’s College, Calcutta. Mittal is married to Usha Mittal. He has two children, Aditya and Vanisha. Despite the fact that he was named as Britain’s eighth wealthiest man in Britain, Mittal doesn’t hold British citizenship. In 2006, he was hailed as “Business Person of 2006” by the Sunday Times. On the same year, he was awarded by TIME Magazine as the “International Newsmaker of the Year 2006”, as well as the “Person of the Year” by the Financial Times.