Biography
Lakshmi Mittal serves as chairman of $61.3 billion (revenue) ArcelorMittal, the world's largest steel and mining company by output. 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. In 2021, Mittal ceded the CEO's position to his son, Aditya Mittal, but retained the title of executive chairman of ArcelorMittal. 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.