$30.1B
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Time to earn each amount through passive income at 5% annual return on $30.1B net worth.
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.
In 2019, Arcelor and Nippon Steel completed their $5.9 billion acquisition of Essar Steel, once controlled by former billionaires Shashi and Ravi Ruia.
Mittal has held a board seat at Goldman Sachs since 2008.
Mittal has received the Padma Vibhushan, India's second highest civilian honour, and a Forbes Lifetime Achievement Award.