Lakshmi Mittal

Lakshmi Niwas Mittal is an Indian born steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds an 11% stake in Queens Park Rangers F.C.

• Lakshmi Mittal serves as chairman and CEO of $76 billion (revenue) ArcelorMittal, the world’s biggest steelmaker.
• 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.
• The company reported net profit of $5.1 billion in 2018, but suffered a $33 million loss in the first half of 2019 due to lower steel prices.
• ArcelorMittal completed the $2.1 billion acquisition of Italy’s loss-making steel group Ilva in November 2018.
• In 2018, his $5.9 billion bid for bankrupt Essar Steel, once controlled by billionaires Shashi and Ravi Ruia, was accepted by Essar’s creditors.