Introduction

Lakshmi Niwas Mittal is a name that is brought up time and again as that of the world’s preeminent industrialist and is the man behind the growth of the global steel giant ArcelorMittal. In 2025, he is still a very powerful player on the international business stage, and many are curious about his age, fortune, lifestyle, and personal history. This article brings to you an updated look at Mittal’s life and achievements.

Early Life and Education

Lakshmi Mittal was born on 15 June 1950 in Sadulpur, Rajasthan, in a family of Marwaris that were in the business of steel trade. His father, Mohanlal Mittal, ran a small-scale steel company, which exposed young Lakshmi to the field of metallurgy. He grew up in that environment, which piqued his interest in the said field. He attended Shri Daulatram Nopany Vidyalaya in Kolkata and went on to get a Bachelor of Commerce from St. Xavier’s College under the University of Calcutta.

In 1976, at the age of 26, Mittal went to Indonesia to found PT Ispat Indo, which was his first independent steel mill. What he did at an early stage of expanding overseas was in fact the beginning of what would become a global empire, which in time would see him merge with Europe’s Arcelor to form ArcelorMittal, which is now the world’s largest steel company.

Age in 2025

With his birth in the middle of the 1950s, Lakshmi Mittal will turn 75 in June 2025. At this stage in his life, he still serves as executive chairman of ArcelorMittal and reports at large scale to major industry events, which he does so with no sign of slowing down.

Net Worth in 2025

Because billionaire assets rise and fall with the markets, we see some variation in the numbers. In the 2025 Forbes World’s Billionaires List, which I looked at, Mittal’s is reported at $19 billion. Other business journals have it a bit different, a little higher or lower, but what the more reliable reports are saying is that the number is in the $18  $20 billion range. That places him among the top ten in India and also in the elite group of global industrialists.

Monthly Income or Earnings

Unlike what we see with salaried executives, for Mittal, his earnings come from his shareholdings, dividends, and investment returns, which he does not put out on a monthly basis. If we were to hypothesize that his assets are putting out an average return of around 3% yearly, that may put his monthly income at $45  $50 million, but that is just a financial guess, not an official report. Also, it is worth noting that there is no public account or record that gives precise information about what Mittal’s income was in 2025.

Personal Life and Family

Aditya Mittal, who is now the CEO of ArcelorMittal, and Vanisha Mittal Bhatia, whose marriage in 2004 was very public. The Mittal extended family, which includes brothers Pramod and Vinod Mittal and a sister, Seema, who is married to industrialist Sri Prakash Lohia.

Mittal is known to be a vegetarian and also has an easy-going personal style, which doesn’t play up to the grand scale of his very public life. His London home in Kensington Palace Gardens -- which is also called the “Taj Mittal”  is a point of envy for many as it is in the top rank of luxury in the city. Also, he has high-end residences in Delhi and other global capitals. In 2025, it was reported that he may reduce his connection to the UK, which at the time was to go over the change in that country’s tax rules for which tax residents have been non-domiciled in the past.

Legacy and Outlook

Even at 70+ years of age, Mittal is still a major player in the global steel industry, also influencing broad industrial-scale operations. Under his guidance, which is characterized by high-stakes investment, ArcelorMittals is at the forefront in sustainable projects and new technologies for the reduction of carbon footprint and development of markets on the rise. Also, a man with a visionary eye from early international expansion in the 1980s and through to big-scale mergers, he has proven to be a world leader in industrial growth.

Conclusion

In 2025, Lakshmi Mittal will be known for continuous growth and large-scale success. At 75, he has built a $19 billion fortune, which still makes him very much at the center of the global industrial stage. May not report exactly what he makes every month, but what he has accomplished and his legacy are hard to overlook, which designates him a great shaper of present-day trade.