Lakshmi Mittal
Also known as Lakshmi Niwas Mittal, Lakshmi N. Mittal
Indian steel magnate
AI overview
Lakshmi Mittal is an Indian business leader who built one of the world's largest steel companies, making him one of the wealthiest people globally. His success in the steel industry matters because it demonstrates how an Indian entrepreneur rose to prominence in a major industrial sector and shaped the global steel market.
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Recent publications · Crossref
5 total works indexed
- Global and regional mortality from 235 causes of death for 20 age groups in 1990 and 2010: a systematic analysis for the Global Burden of Disease Study 2010
· 2012 · cited 10,734x
- Global Burden of Cardiovascular Diseases and Risk Factors, 1990–2019
· 2020 · cited 9,734x
- A comparative risk assessment of burden of disease and injury attributable to 67 risk factors and risk factor clusters in 21 regions, 1990–2010: a systematic analysis for the Global Burden of Disease Study 2010
· 2012 · cited 9,222x
- Global, regional, and national burden of stroke and its risk factors, 1990–2019: a systematic analysis for the Global Burden of Disease Study 2019
Article
Lakshmi Niwas Mittal ( Hindi: [ˈləkʃmi nɪˈʋaːsə ˈmɪtːələ] ; born 15 June 1950) is an Indian billionaire businessman and steel magnate. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, as well as chairman of stainless steel manufacturer Aperam. Mittal owns 38 per cent of ArcelorMittal. He also holds a 75 percent stake in the Indian Premier League (IPL) team Rajasthan Royals and a three per cent stake in EFL Championship football club Queens Park Rangers. Mittal resides in Switzerland and United Arab Emirates following his departure from the United Kingdom in 2025, where he had lived since 1995.
In 2005, Forbes ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people. He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015, and only to 130th by October 2024. He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015. His daughter Vanisha Mittal's wedding (in 2005) was the sixth-most expensive in recorded history. As of 2025, Mittal's net worth was estimated to be £15.444 billion by the Sunday Times Rich List.