About
Lakshmi Niwas Mittal is a prominent Indian businessman and steel magnate, recognized globally for his significant contributions to the steel industry. He holds the position of executive chairman of ArcelorMittal, the world's second-largest steelmaking company, demonstrating his leadership in the sector. Additionally, Mittal serves as chairman of Aperam, a stainless steel manufacturer, further solidifying his influence in the metals industry. He owns a substantial portion of ArcelorMittal and also holds a stake in the football club Queens Park Rangers.
Career Timeline
Started Ispat International
Mittal starts Ispat International. It is the foundation of his future success.
Acquired Karmet Steel Mill
Mittal acquired Karmet Steel Mill in Kazakhstan. This helps him establish his influence in the steel industry.
ArcelorMittal Merger
Mittal merges Ispat International with Arcelor. This creates the world's largest steel company.
Peak Net Worth
Mittal's net worth peaks. He becomes one of the richest men in the world.
Reduced Steel Demand
Steel demand drops causing a significant dip in net worth. However, his influence on the industry remains.
Moves to UAE
Mittal moves to the UAE. His wealth continues to accumulate.
Steel Magnate Continues
Mittal remains a prominent figure in the steel industry. His net worth remains high.
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Last updated: February 25, 2026