Lakshmi Mittal Net Worth
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What is Lakshmi Mittal Net Worth?
Lakshmi Mittal Net Worth is US$ 17,900 Million as of January 2023.
| Net Worth | US$ 17,900 Million |
| Born: | June 15, 1950 (74 Years) |
| Full Name | Lakshmi Niwas Mittal |
| Gender | Male |
| Height | 5′ 9″ |
| Horoscope | Gemini |
| Country of Origin | India |
| Source of Wealth | Business |
| Marital Status | Married |
| Spouse | Usha Mittal |
| Children | Aditya and Vanisha Mittal |
| Famous For | ArcelorMittal |
Table of Contents
Biography
Lakshmi Mittal is a well-known Indian businessman, philanthropist, and billionaire. He is the Executive Chairman of ArcelorMittal S.A. company, the second-largest steel-producing company in the world. He is also the Chairman of Aperam S.A. company. He is also famous as the Indian Steel Magnate. Since 2008, Lakshmi Mittal has been a member of the board of directors at Goldman Sachs company. He is also the owner of Karrick Limited and the Co-owner of the Queens Park Rangers Football Club. Lakshmi Mittal is the 89th wealthiest person in the world and the 15th wealthiest person in India. He has an estimated net worth of US$ 17,900 Mn as of 2022.
Timeline
Early Life
Lakshmi Mittal was born in Rajasthan, India, on June 15, 1950. He studied at the Shri Daulatram Nopany Vidyalaya during his early childhood days. Lakshmi Mittal holds a Bachelor of Commerce degree from St. Xavier’s College. Lakshmi Mittal’s father, Mohanlal Mittal, founded the Nippon Denro Ispat Limited company in 1984, currently known as the JSW Ispat Steel Ltd. Lakshmi’s two brothers named Pramod and Vinod Mittal. Lakshmi Mittal is married to Usha Mittal, and they both have two children named Aditya and Vanisha Mittal.
Career
Lakshmi Mittal started his career by working for his family’s steel business. Later in 1976, he started his first steel company in Indonesia, which grew as ArcelorMittal. This company is the second-largest steel-producing company in the world. In 1989, Lakshmi Mittal acquired the state-owned steel company in Trinidad and Tobago. He made the company profitable in the upcoming years. Later in 1995, Lakshmi Mittal purchased the Irish Steel Limited company. In 1996, he was honored with the “Steelmaker of the Year” award by New Steel. In 1998, the World Steel Dynamics awarded Lakshmi Mittal the “Willy Korf Steel Vision Award.”
Later in 2004, Lakshmi Mittal was named the “European Businessman of the Year” by Fortune Magazine. Lakshmi Mittal founded Mittal Steel in 2004 through the merger of LMN Holdings and Ispat International. Later in 2006, Mittal Steel merged with Arcelor, and the ArcelorMittal S.A. company was formed. In the same year, he got the title of “Entrepreneur of the Year.” In addition, the Financial Times gave Lakshmi Mittal the title of “Person of the Year” in 2006. Later in 2007, Lakshmi Mittal got a fellowship from the King’s College London, the college’s highest award.
The same year, he received the “Dwight D. Eisenhower Global Leadership Award.” In 2008, Lakshmi Mittal was awarded the “Padma Vibhushan,” India’s second-highest civilian honor. Later in 2010, Lakshmi Mittal was honored with the “World Steel Association Medal.” In 2013, the AGH University of Science and Technology awarded him the “Doctor Honoris Causa” award. Later in 2018, he was honored by the American Iron and Steel Institute with the “Gary Award.” Lakshmi Mittal became the Executive Chairman of the ArcelorMittal S.A. company in 2021. In the same year, his son Aditya Mittal was appointed the CEO of the ArcelorMittal S.A. company, and his daughter Vanisha Mittal Bhatia, the director of the ArcelorMittal S.A. company. Lakshmi Mittal and his wife, Usha Mittal, have done various philanthropic work and have made several donations.
Lakshmi Mittal Net Worth Growth
Lakshmi Mittal has an estimated net worth of US$ 17,900 Million. Lakshmi Mittal’s net worth has increased by US$ 17,900 Million compared to 2017. The highest increase in Lakshmi Mittal’s net worth was in 2021, US$ 7,100 Million compared to 2020.
| Net Worth in 2022 | US$ 17,900 Million |
| Net Worth in 2021 | US$ 14,900 Million |
| Net Worth in 2020 | US$ 7,400 Million |
| Net Worth in 2019 | US$ 13,600 Million |
| Net Worth in 2018 | US$ 18,500 Million |
| Net Worth in 2017 | US$ 16,400 Million |
Highlights
- Purchased the Irish Steel Limited company in 1995
- He started his first steel company in Indonesia, which grew as ArcelorMittal in 1976.
- Honored with the “Steelmaker of the Year” award by New Steel in 1996
- World Steel Dynamics awarded Lakshmi Mittal the “Willy Korf Steel Vision Award” in 1998.
- Lakshmi Mittal was named the “European Businessman of the Year” by Fortune Magazine in 2004
- Received the title of “Entrepreneur of the Year” in 2006
- Lakshmi Mittal got the title of “Person of the Year” by the Financial Times in 2006
- Lakshmi Mittal got a fellowship from the King’s College London in 2007
- Received the “Dwight D. Eisenhower Global Leadership Award” In 2007
- Lakshmi Mittal was awarded the “Padma Vibhusan” in 2008
- Lakshmi Mittal was honored with the “World Steel Association Medal” in 2010
- Lakshmi Mittal was awarded the “Doctor Honoris Causa” award by the AGH University of Science and Technology in 2013
- Lakshmi Mittal was honored by the American Iron and Steel Institute with the “Gary Award” in 2018
- Lakshmi Mittal became the Executive Chairman of the ArcelorMittal S.A. company in 2021
Favorite Quotes from Lakshmi Mittal
“The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolize – a celebration of the human spirit. Personally, to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.”
– Lakshmi Mittal
“This is a learning in the business life that first of all, you need to have commitment, dedication, and passion for what you are doing.”
– Lakshmi Mittal
“When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.”
– Lakshmi Mittal
“I built a steel plant from the grassroots, so I learned all the nuts and bolts. When there was a problem, I would be able to guide them, though I am not a technical person.”
– Lakshmi Mittal
“At the end of the day, you have to keep emotions away.”
– Lakshmi Mittal
Keys Life Lessons from Lakshmi Mittal
We now know everything about Lakshmi Mittal and his net worth. Let’s look at some of his lessons.
1. Achieve Big Goals
We should achieve big goals in life.
2. Contribute to the Society
One should contribute to society.
Frequently Asked Questions
Lakshmi Mittal has an estimated net worth of around US$ 17,900 million as of 2022.
Lakshmi Mittal lives in the United Kingdom.
Lakshmi Mittal holds a Bachelor of Commerce degree from St. Xavier’s College.
Summary
Lakshmi Mittal is a well-known businessman, philanthropist, and billionaire. He is the Executive Chairman of ArcelorMittal S.A. The company is the largest steel producer in the world. Lakshmi Mittal was born in Rajasthan, India, on June 15, 1950, and currently lives in the United Kingdom. He has been honored with various awards and is famous for his philanthropic work. Lakshmi Mittal is the 89th wealthiest person in the world and the 15th wealthiest person in India. He has an estimated net worth of US$ 17,900 Mn as of 2022.
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