Lakshmi Mittal

AAA

DEFINITION of 'Lakshmi Mittal'

The chairman and CEO of ArcelorMittal and one of the world's wealthiest billionaires. Mittal is credited with helping to globalize the steel industry's business model.

INVESTOPEDIA EXPLAINS 'Lakshmi Mittal'

Mittal's career began by working in his family's steel making business in India, and he has since acquired more than 30 years of experience in steel and related businesses. In 1976 he founded Mittal Steel Company, eventually merging with Arcelor in 2006 to form ArcelorMittal. In addition to his work in the steel industry, Mittal is a philanthropist and is a member of numerous boards and trusts.

RELATED TERMS
  1. Alexander M. Cutler

    The CEO and chairman of power-management company Eaton Corporation. ...
  2. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
  3. India ETF

    An exchange-traded fund that is based on a basket of securities ...
  4. Entrepreneur

    An individual who, rather than working as an employee, runs a ...
  5. Merger

    The combining of two or more companies, generally by offering ...
  6. Foreign Exchange Dealers Association ...

    An association of banks specializing in the foreign exchange ...
RELATED FAQS
  1. Why does Richard Branson keep opening up new Virgin products instead of focusing ...

    Entrepreneur and billionaire Richard Branson keeps introducing new Virgin products because he’s an opportunist at heart. ... Read Full Answer >>
  2. How did Richard Branson make his fortune?

    Richard Branson made his fortune by using the profits from his record store chain to found Virgin Records in 1972. He earned ... Read Full Answer >>
  3. How did Nathan Rothschild attain his wealth?

    Nathan Rothschild's father, Mayer Rothschild, was a prominent Jewish banker in Germany during the 1700s. The elder Rothschild ... Read Full Answer >>
  4. What advice has Jeff Weiner given to would-be entrepreneurs?

    Jeff Weiner, the billionaire CEO of LinkedIn, is known worldwide as a phenomenally successful entrepreneur and a major influencer ... Read Full Answer >>
  5. What is Tim Cook's managerial style?

    Tim Cook's managerial style could be broadly defined as democratic. Rather than standing in complete contrast to former Apple ... Read Full Answer >>
  6. How did Rupert Murdoch make his fortune?

    Rupert Murdoch made his fortune in the media business, initially in newspaper acquisition and turnaround and later in broadcast ... Read Full Answer >>
Related Articles
  1. Entrepreneurship

    Are You An Entrepreneur?

    Many people want to start a business, but not everyone has what it takes to succeed.
  2. Options & Futures

    How Much To Save To Become A Millionaire

    With a little discipline and the help of some powerful savings vehicles, anyone can hit this mark.
  3. Fundamental Analysis

    An Introduction To The Indian Stock Market

    Emerging markets like India are fast becoming engines for future growth. Find out how to get in on the ground floor.
  4. Active Trading

    5 Billionaires Who Live Below Their Means

    Imagine having millions or billions of dollars, but living like you do right now.
  5. Professionals

    Warren Buffett's Frugal, So Why Aren't You?

    The Oracle of Omaha has a net worth in the billions, but his lifestyle is not as rich as you may think.
  6. Budgeting

    6 Simple Steps To $1 Million

    Becoming a millionaire is not as hard as you might think - it just takes time.
  7. Investing

    Pockets Of Value In The Stock Market

    U.S. stocks benefited from signs the Fed’s path toward higher interest rates, as well as from continued merger-and-acquisition activity on of low rates.
  8. Economics

    Ending The Limits On U.S. Crude Oil Exports

    As US storage capacity reaches its limit, industry participants and their lobby groups in Washington are calling for an end to the crude oil exports ban.
  9. Investing News

    Green Technology: A Solid Investment Choice?

    With global investing in green energy on the rise, there are abundant opportunities for environmentally responsible, financially sound investments.
  10. Active Trading Fundamentals

    Where And How To Trade Energy Stocks

    Energy futures set a high bar to entry for individual traders and investors, redirecting exposure into sector equities and exchange-traded funds.

You May Also Like

Hot Definitions
  1. Venture-Capital-Backed IPO

    The selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative ...
  2. Merger Arbitrage

    A hedge fund strategy in which the stocks of two merging companies are simultaneously bought and sold to create a riskless ...
  3. Market Failure

    An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers ...
  4. Unsystematic Risk

    Company or industry specific risk that is inherent in each investment. The amount of unsystematic risk can be reduced through ...
  5. Security Market Line - SML

    A line that graphs the systematic, or market, risk versus return of the whole market at a certain time and shows all risky ...
  6. Tangible Net Worth

    A measure of the physical worth of a company, which does not include any value derived from intangible assets such as copyrights, ...
Trading Center