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Lakshmi Niwas Mittal Biography: Age, Career, Family and More

F4U Editorial Desk • Updated October 5, 2026 • 3 min read

Quick Info

Date of birth15 June 1950

Age74 (as of 2024)

BirthplaceRajgarh, Rajasthan, India

ProfessionChairman & CEO of ArcelorMittal

NationalityIndian

Marital statusMarried

SpouseUsha Mittal

FamilyChildren: Aditya Mittal, Vanisha Mittal

Net worth$16.4 billion (as of March 2024, Forbes estimate)

Lakshmi Niwas Mittal Biography

Lakshmi Niwas Mittal is an Indian industrialist who built a global steel empire and serves as chairman and CEO of ArcelorMittal. Born in Rajasthan, he rose

Early life and background

Lakshmi Niwas Mittal was born on 15 June 1950 in Rajgarh, Rajasthan, and grew up in the village of Sadulpur. His family later moved to Calcutta, where his father established a small steel mill. Mittal attended Shri Daulatram Nopany Vidyalaya in Calcutta and went on to study at St. Xavier’s College, Kolkata, graduating with a Bachelor of Commerce in business and accounting.

His upbringing was modest: he lived in a large extended household in his early years and worked with his father in the family business after finishing school. Following restrictions on steel production in India in 1976, Mittal left for Indonesia and founded a steel plant, Ispat Indo, with backing from his family.

Career

Mittal’s career is defined by building and acquiring steel operations across multiple countries and turning loss-making plants into profitable businesses. In 1989 he purchased a state-owned firm in Trinidad and Tobago that was losing money and restructured it into a productive enterprise. Over the 1990s he expanded through acquisitions in Mexico, Canada, Ireland, Germany and elsewhere, buying companies such as Sicartsa in Mexico and a blast furnace steel plant in Kazakhstan that was later renamed Ispat Karmet.

In 1995 Mittal established Ispat International Ltd. and Ispat Shipping to provide commercial and technical services for his group. His European expansion included acquiring a steel plant in Hamburg. His international profile rose through a string of purchases that culminated in leadership of ArcelorMittal, which the excerpt describes as the world’s largest steelmaking company with more than 260,000 employees in over 60 countries. He holds the roles of chairman and CEO of ArcelorMittal.

Recognition and contributions

Mittal has received industry awards and public honours. In 1996 New Steel Magazine named him “Steel Maker of the Year.” He received the Willy Korf Steel Vision Award in 1998 and a Forbes Lifetime Achievement Award in 2008. Time magazine included him on its list of the 100 Most Influential People in 2007. National honours include the Padma Vibhushan.

Beyond business, he and his family foundations have funded educational and medical projects. Mittal helped establish the LNM Institute of Information Technology (LNMIIT) in Jaipur in 2003 and later supported the Usha Lakshmi Mittal Institute of Management in New Delhi. The Lakshmi Niwas Mittal Foundation also made substantial donations to women’s technical education, and the family contributed to Great Ormond Street Hospital in London, enabling the creation of the Mittal Children’s Medical Centre.

Public profile

Mittal is often associated with high-profile personal and social events. He has supported sport through the Mittal Champions Trust and made individual awards to athletes. He and his wife, Usha Mittal, have two children: a daughter, Vanisha Mittal, and a son, Aditya Mittal, who serves as CFO of ArcelorMittal. The family has residences in London; the address 18–19 Kensington Palace Gardens is noted in the available information.

Lifestyle and interests

Reported personal interests include a fondness for football, cricket and motor racing, and favourites such as butter chicken and paneer. The family’s possessions mentioned include luxury cars, a Gulfstream 550 private jet and the Amevi yacht. His home in London has been described in media accounts as extensively furnished and was noted for its interior marble.

Latest updates

As of March 2024, Forbes estimated his net worth at approximately $16.4 billion and listed him among the ten richest people in India. The excerpt also notes that his father, Mohanlal Mittal, passed away in London on 15 January 2026.

Editorial Review and Sources

This F4U profile is written from publicly available career and profile information, then reviewed for clarity before publication. If you spot an outdated detail about Lakshmi Niwas Mittal, send the page URL and a reliable correction source to f4udotin@gmail.com.

Reference context: StarsUnfolded
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Recent Work

Chairman & CEO, ArcelorMittal

Leads ArcelorMittal, described as the world’s largest steelmaking company with over 260,000 employees in more than 60 countries.

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Career Highlights

  1. Founded Ispat Indo in Indonesia after leaving India in the 1970s
  2. Acquired and turned around multiple international steel plants including Sicartsa in Mexico and a blast furnace in Kazakhstan
  3. Established Ispat International Ltd. and Ispat Shipping in 1995
  4. Serves as chairman and CEO of ArcelorMittal, the world’s largest steelmaking company
  5. Founded and funded educational and medical institutions via family foundations
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Net Worth

$16.4 billion (as of March 2024, Forbes estimate)

Figures are editorial estimates based on publicly available reporting and may change as new information emerges.

Reviewed by F4U Editorial Desk

F4U profile pages are prepared from public career information, checked for readability, and updated when reliable correction sources are shared with the editorial team.

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Frequently Asked Questions

When was Lakshmi Niwas Mittal born?

Lakshmi Niwas Mittal was born on 15 June 1950.

What is Lakshmi Niwas Mittal known for?

Lakshmi Niwas Mittal is known for chairman & CEO of ArcelorMittal.

What is Lakshmi Niwas Mittal’s marital status?

Lakshmi Niwas Mittal's marital status is listed as Married.

Who is Lakshmi Niwas Mittal married to?

Lakshmi Niwas Mittal is publicly listed as married to Usha Mittal.

What is Lakshmi Niwas Mittal’s net worth?

Lakshmi Niwas Mittal's net worth is commonly listed as $16.4 billion (as of March 2024, Forbes estimate), based on available public profile information.