NET WORTH: $18.3 BILLION (As of 19th April, 2022)

SOURCE OF WEALTH: STEEL

RESIDENCE: LONDON

Lakshmi Mittal is a 72 year old (as of 2022) Indian steel magnate based in the UK. He is the Executive Chairman of ArcelorMittal, which is the world's largest steelmaking company. Additionally, he is the Chairman of stainless steel manufacturer Aperam. Mittal owns 38% of ArcelorMittal and simultaneously holds a 20% stake in EFL Championship side Queens Park Rangers. Born in a Marwadi family, he pursued his education at Shri Daulatram Nopany Vidyalaya, Calcutta from 1957 to 1964. He then graduated from St. Xavier's College, affiliated with the University of Calcutta, with a B.Com degree in the first class. In 1989, he purchased the state-owned steelworks in Trinidad and Tobago that were going through a major loss. In just a year, he transformed it into a profitable venture. He had also indulged himself in a lot of social work as well.

Industry Affiliations and Associations

Mittal’s membership includes:

• Board of directors of Goldman Sachs since 2008.
• He has a seat on the World Steel Association's executive committee.
• Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries.
• Foreign Investment Council in Kazakhstan.
•  World Economic Forum's International Business Council.
• European Round Table of Industrialists.
• Board of trustees of the Cleveland Clinic.

Awards & Accolades

The awards won by Mittal are:

• Padma Vibhushan by the Government of India in 2008.
• Forbes Lifetime Achievement Award in 2008.
• Fellowship in King’s College London in 2007.
• Bessemer Gold Medal was awarded by IOM3 in 2007.
• European Businessman of the Year by Forbes in 2004.
• Entrepreneur of the Year by The Wall Street Journal in 2004.
• 8th honorary Willy Korf Steel Vision Award by American Metal Market and World Steel Dynamics in 2004.
• Steel Maker of the Year by New Steel In 1996.

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