Lakshmi Mittal

Lakshmi Mittal
Lakshmi Mittal
At a Glance
  • Age
    64
  • Earnings
    $ 15.8 Billion
  • Source of earnings
    Steel
  • Marital Status
    Married
  • Children
    2
  • Residence
    London

Forbes India Lists

#5 India Rich List 2014

#2 India Rich List Rank 2013

Profile

The steel baron slips from the second spot after seven years though his ArcelorMittal, the world's biggest steelmaker, is doing somewhat better. It reported a $52 million profit for the June quarter, its first since 2012 amid recovering demand in Europe and North America. To pare its $17.4 billion debt, it is selling a 50 percent stake in a Kentucky steel plant that it owns with Brazil's Gerdau to Nucor for $770 million. But Mittal hasn't given up on new investments: ArcelorMittal, along with Japan's Nippon Steel & Sumitomo Metal Corporation, bought a steel plant in Alabama from ThyssenKrupp for $1.55 billion. He's also reportedly bidding against the Jindal family (ranked 12) for Italy's largest steel plant.


India Rich List 2014


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