Lakshmi Mittal Net Worth

How much is Lakshmi Mittal Worth?

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Lakshmi Mittal Net Worth
Net Worth:
$16 Billion
Date of Birth
June 15, 1950
Place of Birth
Rajgarh
Profession
Entrepreneur, Businessperson, Investor

Lakshmi Mittal net worth: Lakshmi Mittal is chairman and CEO of the world's largest steel making company ArcelorMittal who has a net worth of $16 billion. Lakshmi Mittal was born into a wealthy Indian steel family. Mittal started his career in India by working in the family steelmaking business. That net worth makes him not only the richest man in India, but in Asia and the United Kingdom as well, in addition to being the second richest person in Europe and the 21st richest person in the entire world. Mittal made his fortune in the steel business, having entered into the family steel business from a young age. After a significant falling out with this parents, however, Mittal started his own steel business in Indonesia, which eventually became Arcelor Mittal, the company he made into one of the most successful in the world. Mittal was a pioneer in the development of integrated mini-mills and the use of "DRI" (direct reduced iron) used as a as a scrap substitute for steelmaking. Mittal led the consolidation process of the global steel industry and was named one of the "100 Most Influential People" by Time magazine in May 2007.

Mittal's company has not been free from controversy, however, with many accusing him of exploiting "slave labor" conditions in his mines around the world. Between 2004 and 2007, his mines in Kazakhstan were responsible for the deaths of a total of 91 coalminers. Mittal has been involved in several other controversies involving political corruption and the working conditions through which he has accumulated his vast wealth. He is also known for his philanthropy, in particular his funding of a program to support Indian athletes in the Olympics following his disappointment in India's showing.

What is Lakshmi Mittal's net worth?

Lakshmi Mittal Net Worth

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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Lakshmi Mittal

Lakshmi Mittal

Lakshmi Niwas Mittal is a London-based Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 41 percent of ArcelorMittal and holds a 34 percent stake in the Queens Park Rangers F.C. football team. In 2007, M...
Profession
Date of Birth
  • June 15, 1950
Ethnicity
  • British Indian
  • Agrawal
  • Marwari
  • Indian people
Nationality
  • India
Country
  • India
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