IndiaInherited and grew it
Lakshmi Mittal
Lakshmi Mittal is executive chairman of ArcelorMittal, the steelmaker that grew from the Indonesian mill he set up for his family's steel business in 1976; his fortune is mainly the family trust's stake in ArcelorMittal and Aperam.
- Forbes estimate
- $30.7B
- Forbes, 9 Oct 2026
- Forbes rank
- No. 72
- 9 Oct 2026
- Stake in ArcelorMittal
- 43.15%
- Net worth, Bloomberg
- $38.4B
- Bloomberg, 17 Oct 2026
- Born
- 15 Jun 1950
- Sadulpur, Rajasthan, India
- Education
- Bachelor's degree
- Bachelor of commerce, St Xavier's College, Kolkata
- Giving Pledge
- Not a signer
Where the fortune sits
ArcelorMittal stock, held through a family trust
ArcelorMittal
steel and mining, founded 2006
44.55% of the votes
Held by a trust of which Lakshmi and Usha Mittal are beneficiaries; excludes shares they hold directly and his options
ArcelorMittal shareholding disclosure, 30 Sep 2026
Executive chairman
Aperam
stainless steel, founded 2011
40.73% of the votes
Held by the family trust; excludes shares held directly by Lakshmi and Usha Mittal
Aperam share capital and voting rights disclosure, 30 Sep 2026
Chairman of the board
Other holdings
HPCL-Mittal Energy
Refining joint venture with HPCL through Mittal Energy Investments; Bloomberg credits him with 49%
Rajasthan Royals
The Mittal family agreed to take 75% of the IPL franchise; India's competition regulator cleared the deal in September 2026
Queens Park Rangers
Minority stake valued by Bloomberg at $23 million
London real estate
Valued by Bloomberg at $375 million
Where Lakshmi stands among 73
Everyone on the site, grouped by their answer. Lakshmi Mittal is outlined.
How the fortune started
Inherited and grew it
Inherited and grew it 12
Founded it 42
Built it up 8
Inherited it 6
Through marriage 5
Industry
Metals and mining
Metals and mining 6
Technology 24
Finance 10
Several industries 9
Retail 4
Fashion and beauty 4
Media 3
Food and drink 3
Shipping 3
Crypto 2
Oil, gas and chemicals 2
Healthcare 1
Casinos and resorts 1
Property and sports 1
Giving Pledge
Not a signer
Not a signer 61
Signed 11
Not stated 1
Education
Bachelor's degree
Bachelor's degree 27
Graduate degree 24
Left university without a degree 6
No university 5
Not stated 11
Role today
Runs the company
Runs the company 32
Chair, board or owner 25
Founder, no executive role 8
No role 4
Retired 4
The person
- Born
- 15 Jun 1950Sadulpur, Rajasthan, India
- Citizenship
- India
- Lives in
- Not stated
- Education
- Bachelor's degreeBachelor of commerce, St Xavier's College, Kolkata
- Parents
- His family moved to Calcutta (Kolkata) in the 1960s, where his father ran a steel mill; he began in the family steel business
What they give
- Giving Pledge
- Not a signer
- Foundation
- The Lakshmi N Mittal Family FoundationRegistered charity in England and Wales (No. 1146604)
- Lifetime giving
- Not stated
Role and record
- Role now
- Runs the companyExecutive chairman of ArcelorMittal; chairman of Aperam
- Successor
- His son Aditya Mittal became ArcelorMittal CEO in 2021; his daughter Vanisha Mittal Bhatia sits on the board
- Public office
- Member, Prime Minister's Global Advisory Council (India), 2009
- Legal record
- None found
