Mittal vs Nadar

ArcelorMittal and HCLTech.

The differences

Forbes puts Lakshmi Mittal about $0.2B ahead of Shiv Nadar.Forbes figures from 9 Oct 2026 and 16 Oct 2026.
Lakshmi Mittal: inherited and grew it. Shiv Nadar: co-founded it.
Shiv Nadar is about 5 years older than Lakshmi Mittal.
Lakshmi Mittal has held a public or government advisory role; Shiv Nadar has none on record.

Put someone else on either side

Mittal

Nadar

Net worth, Forbes: $30.7BForbes, 9 Oct 2026; $30.5BForbes, 16 Oct 2026
Net worth, Bloomberg: $38.4BBloomberg, 17 Oct 2026; $32.8BBloomberg, 12 Oct 2026
Forbes rank: No. 72Real-Time list, 9 Oct 2026; No. 73Real-Time list, 16 Oct 2026
Billionaire since: Not stated; 2006Earliest Forbes list in the cited sources: No. 168 on the 2006 World's Richest People with $4.0 billion; an earlier listing isn't ruled out

How it started: 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'; Co-founded itCo-founded HCL in a garage in 1976 with five friends to make calculators and microprocessors
Main source: ArcelorMittal stock, held through a family trustBloomberg: 'The majority of Lakshmi Mittal's fortune is derived from a 44% stake in ArcelorMittal'; HCLTech stock held through family promoter companiesBloomberg: the majority of his fortune is held in HCL Technologies; the family also has a majority of HCL Infosystems
Companies: ArcelorMittal, AperamArcelorMittal: Executive chairman; Aperam: Chairman of the board; HCLTechHCLTech: Founder; chairman emeritus and strategic advisor to the board
Biggest stake: ArcelorMittal43.15% owned; HCLTech0.00003% owned

Born: 15 Jun 1950Sadulpur, Rajasthan, India; 14 Jul 1945Moolaipozhi, Tamil Nadu, India
Country: India; IndiaLives in Delhi, India
Education: Bachelor's degreeBachelor of commerce, St Xavier's College, Kolkata; Bachelor's degreeElectrical engineering degree, PSG College of Technology, Coimbatore
Parents: His family moved to Calcutta (Kolkata) in the 1960s, where his father ran a steel mill; he began in the family steel business; Born in Moolaipozhi village, Tamil Nadu; lost his father early

Giving Pledge: Not a signer; Not a signer
Foundation: The Lakshmi N Mittal Family FoundationRegistered charity in England and Wales (No. 1146604); Shiv Nadar FoundationEstablished in 1994
Lifetime giving: Not stated; $1.1BForbes, 30 Sep 2026. Forbes: donated to the Shiv Nadar Foundation; Bloomberg says the foundation has spent about $1.75 billion since 1994

Role now: Runs the companyExecutive chairman of ArcelorMittal; chairman of Aperam; Founder, no executive roleChairman emeritus and strategic advisor to the board of HCLTech
Successor: His son Aditya Mittal became ArcelorMittal CEO in 2021; his daughter Vanisha Mittal Bhatia sits on the board; His daughter Roshni Nadar Malhotra chairs HCLTech and the HCL Group (since July 2020); C Vijayakumar is CEO and managing director; son-in-law Shikhar Malhotra is a director of HCL Corporation and vice chairman and CEO of HCL Healthcare
Public office: Member, Prime Minister's Global Advisory Council (India)2009; None found
Legal record: None found; None found