The Rise of Lakshmi Mittal: How He Built an Empire

Major Events Of Lakshmi Mittal’s Life

1950 – Lakshmi Mittal is born on June 15th in Sadulpur, Rajasthan, India.

1976 – Mittal establishes Mittal Steel Company, which he builds into the world’s largest steelmaker.

1994 – Mittal Steel acquires the state-owned Sibalsa steel plant in Mexico, marking the company’s first major international acquisition.

2004 – Forbes magazine names Mittal as the “European Businessman of the Year.”

2006 – Mittal Steel merges with Luxembourg-based steelmaker Arcelor to form ArcelorMittal, the world’s largest steelmaking company.

2008 – Mittal is awarded the Padma Vibhushan, India’s second-highest civilian award, for his contributions to the nation’s economic development.

2012 – Mittal steps down as CEO of ArcelorMittal but remains chairman of the board.

2013 – Mittal’s net worth is estimated at $16.5 billion by Forbes, making him one of the wealthiest people in the world.

2016 – Mittal is appointed to the board of directors of Goldman Sachs, one of the world’s leading investment banks.

2021 – Mittal’s net worth is estimated at $18.8 billion by Forbes, and he continues to lead ArcelorMittal as its chairman.

Lakshmi Mittal is a renowned Indian-born British businessman and one of the world’s wealthiest people. Born on June 15, 1950, in Sadulpur, Rajasthan, India, he is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company.

Lakshmi Mittal has been known for his business acumen and his ability to turn around failing companies. He has also been recognized for his philanthropic work, which includes donations to education, health care, and disaster relief efforts.