Lakshmi Mittal | Gulf Business
Industry Titans

Lakshmi Mittal

Executive Chairman, ArcelorMittal

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Lakshmi Mittal heads one of the world’s largest steel and mining companies – ArcelorMittal.

With a net worth currently estimated at $17bn, Mittal hails from a prominent steel family.

He branched out in 1976 to establish Mittal Steel, which later merged with France’s Arcelor in 2006 to form a global steel powerhouse.

Mittal’s business strategy has always focused on consolidation. He has orchestrated several significant mergers and acquisitions, including the unification of Ispat International and LNM Holdings, and the purchase of Ohio-based International Steel Group.

In 2019, Arcelor and Nippon Steel completed a $5.9bn acquisition of Essar Steel.

Since 2008, Mittal has served on the board of Goldman Sachs.

He has donated generously to Harvard University, the Great Ormond Street Hospital’s Mittal Children’s Medical Centre, and UNICEF to combat child malnutrition in India.

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