Lakshmi Mittal Net Worth

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.