Age: 56
Fortune: Inherited and growing
Source: Steel
Net Worth: $32.0 bil
Country Of Citizenship: India
Residence: London , United Kingdom, Europe & Russia
Industry: Manufacturing
Marital Status: Married, 2 children
Education: St Xavier's College Calcutta, Bachelor of Arts / Science
Steel titan known for his dealmaking won six-month battle for rival Arcelor. The $34 billion merger created an industry behemoth that now accounts for 10% of world's production, putting it well ahead of Japan's Nippon Steel. Mittal owns 44% of combined $80 billion (sales) Arcelor-Mittal and is its chief executive. Mittal began his career working in the family's steelmaking business in India.
Today Arcelor-Mittal operations span more than 60 countries and employ 330,000. Not content to dominate the steel industry, Mittal is branching out. Among his latest deals: spent $980 million for a 50% stake in Kazakh oil firm Caspian Investment Resources, a subsidiary of Russia's Lukoil. This Londoner is the UK's richest resident.
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