Full Name: Lakshmi Niwas Mittal
Father: Mohanlal Mittal
Mother: Geeta Mittal
Date of Birth (DOB): 15 June 1950
Age: 73 years (as of 2024)
Place of Birth: Sadulpur, Rajasthan, India
Net Worth: ~$17-20 billion (as of 2024, fluctuates with market conditions)
Family Members: 4
Children: Aditya Mittal (Son), Vanisha Mittal (Daughter)
Spouse: Usha Mittal
We will tell the tale of Lakshmi Mittal, an Indian steel tycoon located in the United Kingdom, in this success article. At ArcelorMittal, the biggest steel manufacturer in the world, he serves as both chairman and CEO. Mittal owns around 20% of the Queens Park Rangers F.C. and 40% of ArcelorMittal. Forbes named Mittal the third richest person in the world in 2005, making him the first Indian national to rank in the top 10 on the yearly list of the world’s richest people. In 2017, Mittal was regarded as the wealthiest Asian individual in Europe. In 2019, Forbes rated him as the sixth richest person in the world; however, by March 2020, he had fallen to 170th place.
Lakshmi Mittal Early Life and Career
Lakshmi Mittal was born into a Baniya family. From 1957 till 1964, he attended Shri Daulatram Nopany in Calcutta. However, he earned a first-class B.Com. from St. Xavier College, which is connected to the University of Calcutta.
The 26-year-old Mittal established his first steel mill, PT Ispat Indo, in Sidoarjo, East Java, Indonesia, in 1976 as a result of the Indian government’s decision to restrict steel output. The primary family assets in India up to the 1990s were an alloy steel plant close to Pune and a cold rolling mill for sheet steel in Nagpur. His younger brothers Pramod and Vinod Mittal now manage the family firm, which includes a sizable integrated steel factory close to Mumbai, although Lakshmi is unaffiliated with it.
Lakshmi Mittal Personal Life
Lakshmi Mittal was born in Sadulpur, Rajasthan, on June 15, 1950, into the Marwari family. His spouse is Usha Mittal. But they had a daughter, Vanisha Mittal, and a son, Aditya Mittal.
He spent $30 million in 2005 to rebuild a colonial villa at No. 22, Dr. APJ Abdul Kalam Road, New Delhi, one of the most affluent avenues in India, where billionaires and embassies reside.
Lakshmi Mittal – Awards & Achievements
Achievements:
- Founder & Executive Chairman of ArcelorMittal
- Built the world’s second-largest steel company through strategic mergers and acquisitions.
- Led the 2006 merger of Arcelor and Mittal Steel, creating an industry leader.
- Global Expansion of Steel Business
- Expanded Mittal Steel from a small business in Indonesia (1976) to a global empire.
- Acquired steel plants in Mexico, Germany, Kazakhstan, the USA, and South Africa.
- Influence on India’s Steel & Infrastructure Industry
- Invested in India’s steel and infrastructure projects, boosting local manufacturing.
- Philanthropy & Social Contributions
- Mittal Champions Trust: Invested £15 million to support Indian athletes.
- ArcelorMittal Orbit: Contributed £7.5 million to build the iconic London Olympics structure.
- Funds education and healthcare initiatives globally.
Awards & Honors:
- Padma Vibhushan (2008) – India’s second-highest civilian award for contributions to industry.
- Forbes Most Powerful People – Regularly listed among the most influential business leaders.
- “Steelmaker of the Year” (1996, 2004) – Awarded by the American Metal Market.
- European Businessman of the Year (2004) – Recognized for his impact on the global steel industry.
- Harvard Business School Alumni Achievement Award (2005) – For outstanding business leadership.
- Knight Commander of the Order of the British Empire (KBE) (2010) – Honored by the UK for his contributions to business and charity.
- Financial Times “Person of the Year” (2006) – Acknowledged for his leadership in business.
- CNBC’s 2010 “Indian Business Leader Award” – Recognized for contributions to India’s economic growth.
- “Grand Cross of Civil Merit” (Spain, 2013) – For strengthening economic ties between Spain and India.
