Ofer vs Mittal

Quantum Pacific Group (Eastern Pacific Shipping) and ArcelorMittal.

The differences

Forbes puts Lakshmi Mittal about $0.5B ahead of Idan Ofer.Forbes figures from 9 Oct 2026 and 9 Oct 2026.
Lakshmi Mittal is about 5 years older than Idan Ofer.
Idan Ofer is from Israel; Lakshmi Mittal is from India.
Lakshmi Mittal has held a public or government advisory role; Idan Ofer has none on record.

Put someone else on either side

Ofer

Mittal

Net worth, Forbes: $30.2BForbes, 9 Oct 2026; $30.7BForbes, 9 Oct 2026
Net worth, Bloomberg: $30.7BBloomberg, 12 Oct 2026; $38.4BBloomberg, 17 Oct 2026
Forbes rank: No. 75Real-Time list, 9 Oct 2026; No. 72Real-Time list, 9 Oct 2026
Billionaire since: Not stated; Not stated

How it started: Inherited and grew itBloomberg: his fortune derives from the shipping business his father founded; the family's assets were divided evenly between Idan and his brother Eyal by the time Sammy Ofer died in 2011. He chaired Israel Corp. after the family took control in 1999 and created Kenon Holdings in 2014; Inherited and grew itStarted in his family's steel business in India, set up Ispat Indo in Indonesia in 1976 and founded Mittal Steel (formerly the LNM Group) in 1989, which merged with Arcelor in 2006. Forbes' 2006 list described his fortune as 'inherited and growing'
Main source: Shipping through Quantum Pacific Group, plus stakes in Israel Corp. and Kenon HoldingsBloomberg: 'The majority of Idan Ofer's fortune is derived from the global shipping business his father founded'; ArcelorMittal stock, held through a family trustBloomberg: 'The majority of Lakshmi Mittal's fortune is derived from a 44% stake in ArcelorMittal'
Companies: Quantum Pacific Group (Eastern Pacific Shipping), Israel Corp., Kenon HoldingsQuantum Pacific Group (Eastern Pacific Shipping): Principal owner; Israel Corp.: Largest shareholder; no board role; Kenon Holdings: Controlling shareholder; ArcelorMittal, AperamArcelorMittal: Executive chairman; Aperam: Chairman of the board
Biggest stake: Kenon Holdings62% owned; ArcelorMittal43.15% owned

Born: 2 Oct 1955Haifa, Israel; 15 Jun 1950Sadulpur, Rajasthan, India
Country: IsraelLives in London, United Kingdom; India
Education: Bachelor's degreeEconomics and shipping, University of Haifa; later London Business School; Bachelor's degreeBachelor of commerce, St Xavier's College, Kolkata
Parents: Younger son of Sammy Ofer, a Romanian immigrant and Israeli Navy veteran who founded a shipping company with his brother, and Aviva Ofer; His family moved to Calcutta (Kolkata) in the 1960s, where his father ran a steel mill; he began in the family steel business

Giving Pledge: Not a signer; Not a signer
Foundation: Idan and Batia Ofer Family Foundation; The Lakshmi N Mittal Family FoundationRegistered charity in England and Wales (No. 1146604)
Lifetime giving: Not stated; Not stated

Role now: OwnerPrincipal owner of Quantum Pacific Group; controlling shareholder of Israel Corp. and Kenon Holdings; Runs the companyExecutive chairman of ArcelorMittal; chairman of Aperam
Successor: Amir Elstein succeeded him as chairman of Israel Corp. in 2010No successor at his shipping business is named; His son Aditya Mittal became ArcelorMittal CEO in 2021; his daughter Vanisha Mittal Bhatia sits on the board
Public office: None found; Member, Prime Minister's Global Advisory Council (India)2009
Legal record: None found; None found