Lakshmi Mittal

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.

BREAKING DOWN '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.