Lakshmi Mittal

Lakshmi Mittal (#73)

Global Rank #73

Country Rank #4

Country India

Lakshmi Mittal is listed among the world billionaires tracked by Iconic Billionaires.

$ 31 B
Steel
India
M
76 Years

Snapshot

Quick Facts

Global Rank #73

Country Rank #4

Net Worth $31.2B

Previous Worth $31.2B

Worth Change +$0.0B

Country India

Industry Steel

Age 76 Years

Gender M

Worth As Of May 3, 2026

Residence Switzerland

Citizenship India

World Billionaires List India Billionaires Steel

Profile Data

Personal Stats

Age 76

Source Of Wealth Steel

Residence Switzerland

Citizenship India

Marital Status Married

Children 2

Education Bachelor of Arts/Science, St Xavier's College Calcutta

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $31.2B

Current Net Worth $31.2B

Worth as of May 3, 2026

About Me

Lakshmi Mittal is executive chairman of $61.3 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output. His son, Aditya, is CEO since 2021. Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006. ArcelorMittal reported net income of $3.15 billion in 2025, a 142% rise from $1.3 billion in 2024. A long-time resident of the U.K., Mittal shifted his base to Switzerland following an exodus of the wealthy hit by the U.K.'s new tax regime. In May 2026, he agreed to buy Indian Premier League cricket team Rajasthan Royals for $1.65 billion together with Adar Poonawalla, the son of vaccine billionaire Cyrus Poonawalla.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Lakshmi Mittal.

#70

Billionaires (2026)

#12

India's Richest (2025)

Insights

Did You Know?

In 2019, Arcelor and Nippon Steel completed their $5.9 billion acquisition of Essar Steel, once controlled by former billionaires Shashi and Ravi Ruia.

Mittal has held a board seat at Goldman Sachs since 2008.

Mittal has received the Padma Vibhushan, India's second highest civilian honour, and a Forbes Lifetime Achievement Award.

Wealth Growth

Net Worth Growth Over Time

Tracking Lakshmi Mittal's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $31.2B (May 3, 2026)