| Name: | Lakshmi Mittal |
| Net Worth: | $15 billion |
| Source of Wealth: | Arcelor Mittal |
| Born: | June 15, 1950 |
| Age: | |
| Country: | India / UK |
| Wife: | Usha Mittal |
| Children: | Aditya Mittal, Vanisha Mittal |
| Residence: | London, UK |
| Private Jet: | Bombardier Global 7500 G-LOBX |
| Yacht: | Amevi |
| Yacht 2: | ALAIYA |
Lakshmi Mittal, an Indian-born entrepreneur, is internationally recognized for his leadership in the steel sector. As Chairman and CEO of ArcelorMittal, he has played a central role in modernizing steel production practices and expanding the company’s global footprint.
Under Mittal’s leadership, ArcelorMittal has evolved into one of the most prominent integrated steel and mining conglomerates. Headquartered in Luxembourg, the company maintains facilities in 19 nations and produces over 100 million tons of steel annually. In 2018, ArcelorMittal further expanded by acquiring Essar Steel for approximately US$1 billion. The enterprise reports annual revenue of about US$70 million and a net income of around US$5 billion, employing a workforce of 198,000.
Mittal’s 40% ownership stake reflects his deep involvement in the steel industry. His family also plays a key role within ArcelorMittal:
Beyond steel, Mittal is invested in the sports world through his stake in the London-based football club Queens Park Rangers F.C., diversifying his business interests and profile.
A notable cultural contribution from Mittal is the ArcelorMittal Orbit, a 115-meter (377 ft) observation tower in London’s Olympic Park. Constructed for the 2012 Olympics, it is recognized as the UK’s largest piece of public art and serves as a lasting monument to the Games.
Widely acknowledged as one of the world’s wealthiest individuals, Mittal’s net worth is estimated at approximately US$15 billion. He resides in Kensington, London, in a property acquired from former Formula One executive Bernie Ecclestone in 2004 for GBP 57 million—once considered the most expensive home globally.
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He lives with his wife Usha Mittal in London. Mittal’s house has been referred to as the “Taj Mittal“, as it is decorated with marble taken from the same quarry that supplied the Taj Mahal. He paid GBP 57 million for this house.
For his son Aditya Mittal, he bought No. 6 Palace Greens, Kensington Gardens, for GBP 117 million from financier Noam Gottesman.
In 2013 he sold the house again, reportedly as his son never lived in the house. Mittal bought the house next to it –
Mource sources:
http://wikimapia.org/9856396/6-Palace-Green
https://www.standard.co.uk/lifestyle/the-secrets-of-london-s-ps2-5-billion-street-6479143.html
He is the owner of two superyachts: the yacht AALTO which was built as AMEVI by Oceanco.
The yacht AALTO, originally named Amevi, is a luxury vessel built at the esteemed Oceanco shipyard in the Netherlands, with an estimated worth of US$ 125 million.
AALTO is one of the largest yachts globally, measuring a remarkable 80.00 m (262.5 ft) long, with a 14.20 m (46.6 ft) beam, a 3.90 m (12.8 ft) draft, and a gross tonnage of 2,310.
Powered by twin MTU 16V 595 TE70 engines, it can reach a maximum speed of 18.5 knots, with an average cruising speed of around 14 knots.
In 2023 the yacht was listed for sale, probably because he now owns a new yacht.
And since December 2021, he also owns the yacht Alaiya. Both yachts are owned by the same legal entity.
Alaiya was built as Tis and was later known as Lady Gulya. He used to own a smaller Amels yacht, which he sold and is now named DEJA TOO.
Mittal owns a Gulfstream G550 private jet with registration VQ-
2009. A Gulfstream G550 can accommodate 14 passengers. Update: he sold the G550.
He now owns a Bombardier Global 7500 with registratoin G-LOBX. The Bombardier was delivered in 2021.
The Bombardier Global 7500 is a long-range business jet produced by Canadian aircraft manufacturer Bombardier Aerospace. It was first introduced in 2018 and is designed for high-end, luxurious travel. The Global 7500 has a maximum range of 7,700 nautical miles, making it one of the longest-range business jets on the market. It can accommodate up to 19 passengers and is equipped with a spacious, state-of-the-art cabin that features a variety of seating options, including lie-flat beds and private suites. The Global 7500 also has advanced technology, such as high-speed internet connectivity and a customizable cabin management system. The aircraft is well-regarded for its performance, comfort, and cutting-edge features, and is a popular choice for private and corporate aviation customers who demand the very best in luxury and performance. The price of a Bombardier Global 7500 aircraft can vary widely depending on a number of factors, including the year of manufacture, the configuration of the aircraft, and the level of customization. As a rough estimate, the price of a new Bombardier Global 7500 is typically around $75 million to $90 million.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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SuperYachtFan Yacht Owners Database Q3-26
