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Lakshmi Mittal Net Worth- Bio & Career

Lakshmi Mittal

Introducing the creative force behind a global empire, the epitome of success, and the embodiment of tenacity—Lakshmi Mittal. With a name that echoes power and wealth, this iconic entrepreneur has risen from humble beginnings to become a prominent figure in the business world. His relentless drive, unyielding determination, and unwavering ambition have propelled him to the summit of the corporate world, where he reigns as a true titan.

Personal Life Of Lakshmi Mittal 

  • Nickname- King Of Steel
  • Gender- Male
  • Age- 73 (as of 2023) 
  • Date of Birth- 15 June 1950 
  • Birthplace- Sadulpur in Rajasthan, India
  • Profession- Businessperson, Entrepreneur, & Investor
  • Religion- Hindu Marwadi family
  • Nationality- British, South African
  • Zodiac Sign- Gemini

Physical Statistics

  • Height- 5 “9” (1.75 m)
  • Weight- 70 kg (154 lbs)
  • Hair Color- Brown
  • Eye Color- Dark Brown

Lakshmi Mittal’s Net Worth

As of June 2023, his net worth is estimated to be $18.3 billion, making him the 93rd richest person in the world. Mittal was born in India in 1950 and started his business career in the steel industry in the 1970s. He acquired several steel companies in India and Europe in the 1990s and then merged his company with Arcelor in 2006 to create the world’s largest steelmaker. 

Lakshmi Mittal’s Net Worth Growth

His net worth in June 2023 represents a growth of 10% from his net worth in June 2022. Mittal’s net worth has grown in recent years due to the strong performance of the steel industry. The global steel market has been increasing in recent years, driven by demand from China and other emerging markets. 

ArcelorMittal has benefited from this growth, and its profits have increased significantly. In addition to the strong performance of the steel industry, Mittal’s net worth has also grown due to his investments in other sectors. Mittal has invested in several businesses, including mining, energy, and real estate. These investments have helped to diversify Mittal’s portfolio and reduce his risk.

YearNet worth
Net worth in 2015$6.6 billion
Net worth in 2017$16.5 Billion
Net worth in 2018$18.5 Billion
Net worth in 2019$13.6 Billion
Net worth in 2021$14.9 Billion
Net worth in 2023$17.7 billion(June 2023)

Lakshmi Mittal’s Earning And Sources

Lakshmi Mittal’s earnings come from a variety of sources, including:

  • Salary: Mittal receives $10 million per year from ArcelorMittal.
  • Bonuses: Mittal also receives bonuses based on the performance of ArcelorMittal. In 2022, he received a prize of $50 million.
  • Stock options: Mittal owns a large number of stock options in ArcelorMittal. These options allow him to buy company shares at a discounted price. In 2022, Mittal’s stock options increased by $10 billion.

Some people have criticized Mittal’s earnings. The employees of his company should be given a fair share of the profits because he earns too much money. However, Mittal’s supporters say he is a successful businessman who has created jobs and contributed to the Indian economy.

Lakshmi Mittal Biography

Lakshmi Mittal is an Indian-born steel magnate who is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. He was born in Sadulpur, Rajasthan, India, in 1950. He graduated from St. Xavier’s College in Kolkata with a degree in commerce. In 1976, he founded Ispat International, the largest steel producer in Europe. 

In 2004, Mittal Steel merged with Arcelor to form ArcelorMittal. Mittal is the richest man in India and the seventh wealthiest person globally, with a net worth of $167 billion. He is married to Usha Mittal, and they have two children. Mittal is a controversial figure, with some critics accusing him of tax avoidance and environmental damage. However, he is also a philanthropist and has donated millions of dollars to charity.

Here are some of Lakshmi Mittal’s notable achievements:

  • Founded Ispat International in 1976
  • Merged Ispat Steel with Arcelor in 2004 to form ArcelorMittal
  • Named chairman and CEO of ArcelorMittal in 2006
  • The richest man in India and the seventh wealthiest person in the world
  • He has donated millions of dollars to charity

Lakshmi Mittal is a complex and controversial figure. He is a successful businessman who has built a global empire but is also a target of criticism for his business practices. Only time will tell how his legacy will be judged.

Lakshmi Mittal Career

  • Lakshmi Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company.
  • Mittal started his career in his family’s steel business in India.
  • In 1976, he moved to Indonesia and established a small steel company.
  • Over the years, Mittal expanded his business operations to other countries.
  • In 2004, he merged his company with Ispat International to form Mittal Steel.
  • Two years later, Mittal Steel and Arcelor, another steel company & merged to create ArcelorMittal.
  • Mittal is renowned for his business acumen and success in the steel industry.
  • However, he has faced criticism for his environmental record, particularly regarding the steel industry’s environmental impact.
  • Mittal has also faced criticism and controversy for using tax havens.
  • Despite the criticism, Mittal’s achievements in the business world have earned him recognition and made him one of the wealthiest individuals globally.

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