On our Third Episode of Self-Made Mondays we will be introducing Lakshmi Mittal. Known as the King of Steel Lakshmi Mittal, is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company.
In the 1960s Mittal’s family moved to Calcutta, where his father operated a steel mill. Mittal worked at the mill while studying science at St. Xavier’s College. After graduating (1970) he served as a trainee at the mill, and in 1976 he opened his own steel mill in Indonesia.
Mittal’s company grew exponentially and came to control about 40 percent of the American market for the flat-rolled steel used to make cars. After a series of mergers and acquisitions ArcelorMittal emerged as, the world's largest steelmaking company.
In 2005, Forbes ranked Mittal as the third-richest person in the world. In 2017, Forbes ranked him as the 56th-richest person in the world with a net worth of US$20.4 billion. He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015.Mittal has also been a member of the board of directors of Goldman Sachs since 2008 and sits on the World Steel Association's executive committee.