Lakshmi Mittal Biography: Parents, Net Worth, Wife, Instagram, Age, Wikipedia, Siblings, Nationality

Lakshmi Mittal is an Indian-born British steel magnate based in the United Kingdom.

He serves as the executive chairman of ArcelorMittal, the world’s second-largest steelmaking company, and also chairs Aperam, a manufacturer of stainless steel.

Mittal owns 38% of ArcelorMittal and holds a 3% stake in the EFL Championship club Queens Park Rangers.

Profile

• Full Name: Lakshmi Niwas Mittal
• Stage Name: Lakshmi Mittal
• Born: June 15 1950
• Age: 74 years old
• Birthplace: Sadulpur, Rajasthan, India
• Nationality: British
• Occupation: British Businessman
• Height: Unknown
• Parent: Mohan Lal Mittal ,Usha Mittal
• Siblings: Pramod Mittal, Vinod Mittal, Seema Lohia.
• Spouse: Usha Mittal
• Children: Aditya Mittal ,Vanisha Mittal
• Relationship: Married
• Net Worth: $15.17 billion

Early Life And Education

Lakshmi Niwas Mittal was born in a Marwari Hindu family on June 15, 1950, in Sadulpur, Rajasthan, India.

His parents were Mohan Lal Mittal and Usha Mittal. His father, Mohanlal Mittal, ran a steel business called Nippon Denro Ispat. Lakshmi has three siblings: Pramod Mittal, Vinod Mittal, and Seema Lohia.

Mittal’s early education occurred at Shri Daulatram Nopany Vidyalaya in Calcutta, where he studied from 1957 to 1964.

After schooling, he graduated from St. Xavier’s College, affiliated with the University of Calcutta, earning a B.Com degree with first-class honours. Belonging to a Marwari ethnic background, Mittal follows Hinduism.

Career

Lakshmi Mittal began his career in the 1970s, working in his family’s steel business. After graduating from St. Xavier’s College in Kolkata, he saw the potential to expand globally. 1976, Mittal founded PT Ispat Indo in Indonesia, marking his first major international venture.

Over time, he acquired struggling steel companies worldwide, including Trinidad and Tobago’s state-owned steelworks in 1989, which he turned profitable within a year.

In 1995, Mittal significantly acquired the Irish Steel plant for just IR£1, though it was closed in 2001. This move led to criticism, particularly for the environmental issues at the site.

Mittal’s company also acquired other assets, including Ispat Mexicana and Ispat Karmet, marking continued growth in global steel markets.

2003, Mittal expanded into Romania, buying control of steel assets there and making significant acquisitions across Eastern Europe.

Mittal’s most notable acquisition came in 2006–07 when he successfully took over Arcelor, creating ArcelorMittal, which combined several significant steel assets from France, Luxembourg, and Spain.

His aggressive strategy made him one of the wealthiest individuals globally, ranking as the sixth-richest person in the world in 2011, although his wealth declined.

His influence also extended into various boards and organizations, including Goldman Sachs, the World Steel Association, and the European Round Table of Industrialists.

Besides his business ventures, Mittal has significantly contributed to sports and education. In 2005, he set up the Mittal Champions Trust, a $9 million initiative to support Indian athletes.

He also helped fund the ArcelorMittal Orbit for the 2012 Summer Olympics. Mittal’s philanthropic efforts include a £15 million donation to Great Ormond Street Hospital and various educational initiatives, such as the LNM Institute of Information Technology in Jaipur and the Usha Lakshmi Mittal Institute of Management in New Delhi.

In addition to his contributions to sports and education, Mittal has made significant charitable donations, including ₹100 crores to the PM CARES Fund during the COVID-19 pandemic.

His continued influence in business and philanthropy has solidified his position as a key figure in global steel production and a supporter of various causes.

Social Media

Lakshmi Mittal does not have any active social media accounts.

Personal Life

Lakshmi Mittal is married to Usha Mittal, whom he married in 1971 in an arranged marriage. They had met only twice before their engagement.

The couple has two children, Aditya and Vanisha. Usha has played a significant role in Lakshmi’s business success and is actively involved in various philanthropic efforts.

Net Worth

Lakshmi Mittal’s current net worth is approximately $15.17 billion, making him the 124th richest person globally and the 11th richest in India.

His wealth is primarily derived from his position as executive chairman of ArcelorMittal, the world’s largest steelmaking company.

Over the past year, his net worth has declined from $17.70 billion in 2023.