Archive · 26 Jan 2026
Lakshmi Mittal: Richest Indian Abroad with $26.7B Net Worth
Lakshmi Mittal is a very rich businessman known for his work in the steel industry.
He is the chairman of ArcelorMittal, one of the biggest steel companies in the world.
Mittal started his career by buying struggling steel plants and turning them around.
One of his most famous deals was buying a steel plant in Ireland for just one pound.
He has lived outside India for many years and owns a very expensive house in London.
Mittal's company, ArcelorMittal, made a lot of money in 2024.
He is known for his business skills and his lavish lifestyle, including a very expensive wedding for his daughter.
Today, he is one of the most influential people in the steel industry.
Lakshmi Mittal is the richest Indian abroad with a net worth of $26.7 billion as of January 2026.
He is the chairman of ArcelorMittal, the world's second-largest steel and mining company by output.
Mittal's company recorded revenues of $62.4 billion in 2024, with a net income of $1.3 billion.
He gained nearly $12 billion in wealth in 2025, making him one of the biggest wealth gainers of the year.
Mittal is known for acquiring and reviving struggling steel plants, including a notable purchase of an Irish steel plant for just IR£1 in 1995.
- Who
- Lakshmi Mittal, chairman of ArcelorMittal
- What
- Richest Indian abroad with a net worth of $26.7 billion
- When
- As of January 2026
- Where
- Global operations, primarily based in London
- Why
- Built a global steel empire through strategic acquisitions and turnarounds
- Net Worth
- $26.7 billion (as of January 2026)
- Company
- ArcelorMittal (Chairman)
- Notable Acquisition
- Irish Steel plant for IR£1 (1995)
- Residence
- Kensington Palace Gardens, London
- Company Revenue
- $62.4 billion (2024)
- Company Net Income
- $1.3 billion (2024)
- Notable Deal
- Acquisition of Essar Steel (2019)
- Successor
- Aditya Mittal (CEO since 2021)