Who is Lakshmi Mittal? Religion, Caste, Net Worth, Family, IPL Team, and Source of Income

The legendary steel tycoon and Executive Chairman of Arcelor Mittal, Lakshmi Mittal, is a titan of global industry. Known as the "Man of Steel," he built the world's largest steelmaking company through a series of bold international acquisitions.

In 2026, the Mittal family made headlines in the sporting world by acquiring a majority stake in the IPL franchise, Rajasthan Royals, marking their grand entry into the world of professional cricket. Given his massive net worth, Lakshmi Mittal IPL team buying was only a matter of time.

Alongside his son Aditya Mittal, Lakshmi Mittal now oversees a sports portfolio that includes the Royals' global reach in South Africa and the Caribbean. His leadership at ArcelorMittal has transformed the global steel landscape, and he is now bringing that same vision to one of the most iconic teams in the richest cricket league in the world.

Lakshmi Mittal Biography

Lakshmi Niwas Mittal, the Rajasthan Royals team owner, was born on June 15, 1950, in the small village of Sadulpur in Rajasthan. Growing up in a business-oriented family, he moved to Kolkata in the 1960s, where his father began a steel business. At a young age, Lakshmi showed a keen interest in international expansion, eventually splitting from the family business to create his own global empire, Mittal Steel, which later merged with Arcelor in 2006.

Lakshmi Mittal Religion and Caste

RR team owner, Lakshmi Mittal, follows Hinduism and belongs to the Marwari community. His roots in Rajasthan are deep, and he often attributes his business acumen to the traditional values and entrepreneurial spirit of his community. Despite living in London for many years, he maintains strong ties to his Indian heritage and culture.

Lakshmi Mittal Early Life and Education

Mr. Mittal completed his early schooling at Shri Daulatram Nopany Vidyalaya in Kolkata. He later attended the prestigious St. Xavier's College, Kolkata, where he graduated with a Bachelor of Commerce degree in Business and Accounting in 1969. His education in India laid the foundation for his future role as a global financier and industrialist.

Lakshmi Mittal Family

The Mittal family is one of the most prominent and wealthiest industrialist families in the world. Originally from Rajasthan, they moved to Kolkata to expand their steel interests. Today, the family is known for its immense global influence, massive charitable contributions, and high-profile lifestyle, including hosting some of the world's most expensive weddings.

Lakshmi Mittal Father

Mohan Lal Mittal, Lakshmi Mittal father was the founder of Nippon Denro Ispat. He was the one who introduced Lakshmi to the steel trade. Under his guidance, the family business prospered in India before Lakshmi took the venture to international markets.

Lakshmi Mittal Mother

Lakshmi Mittal's mother, Sushila Devi Mittal, has kept a lower public profile than her husband, she was a central figure in the family's traditional upbringing, ensuring that the children stayed connected to their roots even as they achieved global fame.

Lakshmi Mittal Sister & Brothers

Lakshmi has two brothers, Pramod Mittal and Vinod Mittal, who handled the Indian operations of the family business for many years. He also has a sister named Seema Lohia, who is married to Indonesian businessman Sri Prakash Lohia.

Lakshmi Mittal Wife

Usha Mittal is Lakshmi Mittal wife. She has been a constant support throughout his career. In fact, ArcelorMittal has often recognized her role in the company's journey, even naming a university (Usha Martin University) and various initiatives in her honor.

Lakshmi Mittal Net Worth & Salary

As of 2026, Lakshmi Mittal net worth in rupees is estimated to be approximately ₹2.6 lakh crore, which is around USD 31 billion. His wealth primarily comes from his significant stake in ArcelorMittal, the world’s largest steel company, which reported record profits in recent years.

His 2026 investment of roughly ₹15,600 crore to acquire a 75% stake in Rajasthan Royals, the second on the list of richest IPL teams, further solidifies his status as a major player in the sports economy.

Lakshmi Mittal Achievements and Awards

Over his long career, Mittal has received numerous global honours for his leadership in the industrial sector. It includes the Forbes Lifetime Achievement and Gary Memorial Medal as well. However, the biggest of them is the Padma Vibhushan, which he received in 2008 from the Indian government.

Lakshmi Mittal Business Ventures

Apart from being the Executive Chairman of ArcelorMittal, Mittal has expanded his footprint into various other sectors. His most recent and notable venture is the majority ownership of the Rajasthan Royals in the Indian Premier League.

Apart from Lakshmi Mittal IPL team, he also has significant investments in the energy sector and served on the board of Goldman Sachs. Furthermore, his Mittal Champions Trust has been instrumental in supporting Indian athletes for the Olympic Games.