CEO Today Top 50 – Lakshmi Mittal
CEO Top 50
Name: Lakshmi Mittal
Net worth: Approx. $11 billion
Bio: Laksmi Mittal is a steel magnate based in the UK. He is Chairman and CEO of ArcelorMittal, the largest steelmaking company in the world. He is a member of the Global CEO Council of the Chinese People’s Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the European Round Table of Industrialists.
Due to the restriction of steel production by the Indian government in 1976, Mittal opened his first steel factory, PT Ispat Indo in Indonesia when he was 26. ArcelorMittal was founded in 2006 in the takeover of Western European steel maker Arcelor by Mittal SteeI, an Indian-owned international steel maker.
In 2005 he was named Business Person of 2006 by the Sunday Times, the Financial Times named him Person of the Year, and Time magazine named him International Newsmaker of the Year 2006. Time also included him in its 100 Most Influential Persons in the World in 2007.
Forbes awarded Mittal with its Lifetime Achievement Award in 2008.